Xund raises six million euros

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

The 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. Previously, the Haselsteiner Family Private Foundation, among others, had already provided capital. According to the company's own information, the financing round is one of the "largest seed investments" ever made in Austria in this area.

Founded in 2018, the start-up, like many other healthtechs, wants to digitize the process around prevention and thus reduce cases of illness. With the help of an algorithm, the Vienna-based startup aims to analyze various medical publications 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 it has raised to grow, particularly in Germany. In the long term, the Viennese company also wants to make it to the U.S., where a corresponding application to the relevant authority is said to have already been started.

Commenting on the funding round, Tamás Petrovics, chief executive of the startup, said, "We are overjoyed that we managed to convince some of the most successful digital health and medtech investors from Europe and the US to support us in our mission."