Xund raises six million euros

The start-up itself speaks of a record investment. The money comes from MMC Ventures, among others.

Healthtech Xund has raised a total of six million euros in a pre-seed financing round. The round was led by MMC Ventures together with Mass Mutual Ventures. Rox Health and Lana Ventures also invested. Haselsteiner Familien-Privatstiftung, among others, had previously provided capital. According to the company, the financing round is one of the "largest seed investments" ever made in Austria in this area.

Like many other healthtechs, the start-up, which was founded in 2018, aims to digitalize the process of prevention and thus reduce cases of illness. Using an algorithm, the start-up from Vienna aims to analyze various medical publications in order to find a solution for patients. According to the start-up, its customers include Wiener Städtische Versicherung and Generali.

The start-up intends to use the capital raised to grow, particularly in Germany. In the long term, the Viennese company also wants to make it to the USA, where a corresponding application has reportedly already been submitted to the relevant authorities.

Tamás Petrovics, CEO of the start-up, said of the financing round: "We are overjoyed that we have managed to convince some of the most successful digital health and medtech investors from Europe and the USA to support us in our mission."