AIB Seed Fund invests €1m in medical device company Syncrophi

As reported on Silicon Republic.com, 22nd Aug 2013

AIB Seed Capital Fund and Western Investment Fund lead the investment of €1m in Galway-based medical device company Syncrophi Systems Ltd. The investment facilitates the launch of Syncrophi's state of the art wireless patient monitoring system - the KEWS100

The investment was co-ordinated by Enterprise Equity Venture Capital on behalf of AIB and the Western Development Commission on behalf of the Western Investment Fund.

The total investment in Syncrophi is €1m and the funding has enabled Syncrophi to bring to market its wireless patient monitoring system, the KEWS100, a system which allows patient vital-sign trends to be continuously monitored via a lightweight wireless module while they move about in hospital.

Addressing a gap in the market, the KEWS100 allows greater flexibility to patient management and reduces the investment and running costs associated with multiple fixed bedside monitors.

"This seed capital round has enabled us to bring KEWS100 to market at an opportune time," said David Toohey, CEO, Synchrophi Systems.

 

 

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