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HomeFunding Ireland-based FeelTect Secures €1.5M in Funding

[Funding alert] Ireland-based FeelTect Secures €1.5M in Funding

Ireland-based FeelTect secures €1.5M in funding. Current owners were joined by investors from other Halo Business Angel Network (HBAN) syndicates, including Irrus Investments, MedTech Syndicate, and Boole Investment Syndicate, in addition to CAJU Venture Partners. The WDC also increased their current investment in the company.

Ireland-based FeelTect secures €1.5M in funding. Current owners were joined by investors from other Halo Business Angel Network (HBAN) syndicates, including Irrus Investments, MedTech Syndicate, and Boole Investment Syndicate, in addition to CAJU Venture Partners. The WDC also increased their current investment in the company.

The new round’s €1.5 million funding comes after a previous €1.2 million Seed round that concluded in 2022 and was backed by prominent healthcare investors as well as state organisations like Enterprise Ireland, Dogpatch Labs, and the WDC.

Read also – Madrid-based Crescenta Secures €2 Million in Pre-Seed Funding

With the funding, the company wants to expand its workforce by adding people to positions in R&D, manufacturing, project management, clinical affairs, and commercial development. It also hopes to establish more clinical partnerships, expand its network of strategic alliances, and accelerate the commercialization of its wound treatment monitoring technology.

FeelTect is a connected health wound care firm, led by CTO Dr. Darren Burke and Founder/CEO Dr. Andrew Cameron. Tight AlrightTM, the company’s main product, is a connected health tool that allows for the remote measurement and tracking of sub-bandage pressure during compression therapy.

Read also – Zurich-based Centi Raises €1.8 Million in Seed Funding

A sophisticated wearable device with several pressure sensors that wirelessly links to a digital platform makes up the Tight Alright technology. By facilitating significant advances in treatment application, patient self-management, and remote compression therapy effectiveness monitoring, the technology reduces the strain on healthcare providers.

About FeelTect

Ireland’s FeelTect is a start-up company focused on linked health. Before establishing the business in May 2019, we started our adventure at National University of Ireland, Galway (NUIG) through the esteemed BioInnovate Ireland course.

Read also – Türkiye Venture Capital Firm Revo Capital Secures $100 million in Funding

The goal of FeelTect is to provide connected-health solutions that enable safety, efficacy, and empowerment in order to transformatively improve wound care.

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