Pulsify Medical to get €5.4 million in grants and equity funding

Pulsify Medical, a Leuven, Belgium-based producer of a digital health wearable used for ultrasound patches, announced securing financing of €5.4 million.

The money was provided as part equity 3.75 million ($4.6M) and 1.65 million as a non-dilutive grant.

The equity represents Series A closed with imec.xpand, KU Leuven and University Hospitals Leuven, joined by PMV, the Gemma Frisius Fund and imec. The non-dilutive research grant was paid for by the Flanders Innovation and Entrepreneurship Administration (VLAIO).

Pulsify Medical, founded in 2019 and led by Iwan van Vijfeijken, is working for building a smart and flexible ‘Smart Patch’ containing thousands of sensors that monitor a variety of health parameters. The patch will be developed to reveal critical data about a patient’s cardiac health, such as changes in heart function. The information is relayed to both patients and physicians, in order to enable earlier medical intervention and prevention of an adverse cardiac event should an anomaly be detected.