With the help of artificial intelligence, Floy’s software can help radiologists detect complex and difficult-to-spot abnormalities. The startup founded in 2021 already secured initial funding of 1.3 million euros in its founding year. In 2022, another round of 2.1 million euros followed. In November 2023, HV Capital, All Iron Ventures, and existing investors such as 10x Founders and Xdeck Ventures invested 5.4 million euros. Spanish investor Acurio Ventures and HV Capital are now increasing this round by 3.6 million euros. This brings the total funding raised by the healthtech in this investment round to 9 million euros.
With this expansion, Floy can now advance the development of cutting-edge AI for radiology and obtain global regulatory approvals, according to the company. The startup also plans its international expansion.
Laura Seifert from HV Capital commented on LinkedIn:
“AI will make a decisive contribution to earlier and more accurate detection of serious diseases on a large scale. We are impressed by Floy’s implementation and growth in building a product that truly benefits patients.”
