Avi Medical raises 50 million euros

Relieving doctors of administrative tasks and making patients more satisfied - that's what healthtech wants to achieve. Now the British financier Balderton Capital is getting involved.

Munich-based start-up Avi Medical receives 50 million euros in its Series B financing round. British backer Balderton Capital leads the round. Existing investors Heal Capital, New York investor Addition, Picus Capital, Vorwerk Ventures, Eurazeo and 3VC are also participating in the round. Also joining are Uipath founder Daniel Dines and Forward Health founder Adrian Auon.

Vlad Lata, Christoph Baumeister and Julian Kley founded the start-up in 2020 with the vision of digitizing medical practices. Digital questionnaires and video consultations, for example, are intended to help. An automatic booking system adjusts doctor's appointments to patients' needs and provides doctors with data about patients. According to the company, this will give doctors around 20 percent more time for their patients.

With the new capital, Avi Medical intends to expand further in Germany, but also into other European countries. There are currently eight practices in Germany. In the next three years, the start-up wants to grow to 100 GP practices. Rural areas in particular are to be better served.