Successful follow-on finance for amedo Smart Tracking Solutions GmbH
amedo Smart Tracking Solutions GmbH concludes the second round of finance led by EnjoyVenture and strengthens its management team. Amedo Smart Tracking Solutions GmbH, established in mid-2008, has received further follow-on finance from ELS Fonds, managed by EnjoyVenture Management GmbH, High-Tech Gründerfonds, the KfW banking group and new strategic investors. With Wolfgang Lubert, EnjoyVenture Management GmbH will be the lead investor in this round. Dr. Marc Böhme will join the management team where he will be responsible for sales and marketing.
The company is developing a new kind of technology platform based on RFID transponders, enabling the wireless positioning of minimally invasive surgical instruments. Surgical navigation systems are used more and more in complex surgical procedures. Thanks to this new development, wireless positioning can, for the first time, be realised with sub-millimetre accuracy within the body; the systems currently on the market permit, at best, precision to the nearest millimetre.
“We are very pleased about the commitment demonstrated by EnjoyVenture Management GmbH, High-Tech Gründerfonds, the KfW banking group and the new strategic investors. The capital will be used not only to develop the RFID technology further, but also to establish the innovative product systems on the market speedily. We have been able to recruit Dr. Marc Böhme, an experienced sales professional from the medical technology sector, for amedo GmbH”, said Managing Director Volker Trösken.
Dr. Marc Böhme has many years of experience in the medical technology and pharmaceuticals sectors with a focus on sales, marketing and business development, which he has demonstrated in groups with global operations, such as Fresenius Medical Care, Abbott and C.R. Bard, but also as CEO of a medium-sized medical technology business.
“amedo Smart Tracking Solutions GmbH develops and sells unique innovative products with exceptional potential in their market segments and a highly motivated team with sector experience. The equity holdings in the company will make it possible to distribute this technology, which is now ready for the market, as fast as possible by means of professional distribution,” explained the new Managing Director Dr. Marc Böhme.
“We are convinced by the far-reaching business model and the fact that amedo Smart Tracking Solutions GmbH reached key milestones during the seed finance phase,” is how Dr. Bernd Goergen, Senior Investment Manager of High-Tech Gründerfonds, and Wolfgang Lubert, CEO of EnjoyVenture Management GmbH, explained the further commitment. “We are very confident that the highly competent management team will, through our investment, achieve a technological quantum leap in navigating surgical intervention on the market very soon.”
About amedo Smart Tracking Solutions:
In addition to RFID-based technology, amedo Smart Tracking Solutions GmbH develops and markets navigable medical products for computer tomography-steered interventions and laser navigation systems. First clinical study results for the laser navigation system demonstrate significant benefits in comparison with previous processes.
amedo Smart Tracking Solutions GmbH
Dipl.-Ing. Volker Trösken
Dr. Marc Böhme
Tel.: +49 234 970720
Fax: +49 23497072670
EnjoyVenture is an entrepreneur-led equity investment company for the seed and start-up financing of innovative technology firms. The focus of investment is on selected IT and software solutions, nano and microsystems technology, production and automation technology as well as medical technology and telecommunications. EnjoyVenture has particular expertise in the structuring of finance for spin-offs from groups and technological/scientific institutions. Active coaching, intensive network contacts and management assistance are part of how EnjoyVenture sees its role as industrial advisor and investor. The circle of EnjoyVenture’s partners is characterised by long-term enterprise, financing and industrial expertise and the networks that go with it. Since its establishment in January 2000, EnjoyVenture has entered into 35 equity holdings. At present, EnjoyVenture manages three venture capital funds with a total volume of about 40 million euros.
Further offices in Gelsenkirchen and Hanover.
About KfW banking group:
Start-ups, technology-oriented businesses as well as established small and medium-sized enterprises will find coordinated and transparent equity finance on offer here. KfW raises private equity capital for new, innovative technology businesses with the support of the German Federal Ministry of Economics and Technology (BMWi) and its own ERP start-up fund. In so doing, KfW normally invests without becoming involved in managing the business. Yet the precondition is that another investor (a lead investor) commits at least the same amount. An investment by KfW is subject to the same commercial terms as that from the lead investor.
About High-Tech Gründerfonds:
High-Tech Gründerfonds invests venture capital in young technology companies that are full of prospects and which implement promising research results in an entrepreneurial manner. With the assistance of seed financing with maximum amounts of 500,000 EUR, the start-ups should lead the R&D project to the provision of a prototype or a “Proof of Concept“ or the market launch. The High-Tech Gründerfonds has a fund volume of around 272 million EUR. Investors in the Public Private Partnership are the German Federal Ministry of Economics and Technology, the KfW Bank group and the six industrial groups BASF, Deutsche Telekom, Siemens, Robert Bosch, Daimler and Carl Zeiss.
High-Tech Gründerfonds Management GmbH
Dr. Bernd Goergen
Senior Investment Manager
Phone: +49 228 96568500
Fax: +49 228 96568550