Swiss-based medical technology company Aktiia has announced an impressive milestone in its journey towards revolutionizing blood pressure monitoring. The company has recently closed an oversubscribed $42 million Series B round of funding, led by venture capital firm Earlybird. In addition, Basil Systems, a California-based renewable energy startup, has also secured $11.5 million in funding. These developments are a testament to the growing interest and confidence in these innovative companies and their potential to make a significant impact in their respective industries.
Aktiia’s Series B round was joined by existing investors such as Redalpine, VI Partners, and Christian Wenger, as well as new investors including Investiere, Alpana Ventures, and Swisscom Ventures. This brings the total amount raised by the company to $50 million, which will be used to accelerate the development and commercialization of its breakthrough technology.
Aktiia’s core technology is a non-invasive, wrist-worn device that continuously monitors blood pressure. This is a game-changer in the medical field, as traditional methods of blood pressure measurement require frequent visits to a healthcare professional or the use of bulky and uncomfortable devices. Aktiia’s solution provides a convenient and accurate way for individuals to monitor their blood pressure in real-time, allowing for early detection and prevention of potential health issues.
The company’s CEO, Mattia Bertschi, expressed his excitement about the successful funding round, stating, “We are thrilled to have the support of such a strong group of investors who share our vision of making blood pressure monitoring more accessible and convenient for everyone. This funding will enable us to further develop and refine our technology and bring it to market, ultimately improving the lives of millions of people worldwide.”
Aktiia’s innovative approach has already gained recognition and validation from the medical community. The company has received FDA clearance for its technology and is currently conducting clinical trials in Europe and the United States. With this new round of funding, Aktiia is well-positioned to continue its research and development efforts and bring its product to market in the near future.
In addition to Aktiia’s success, Basil Systems has also made significant strides in securing funding for its renewable energy solutions. The company, which specializes in energy storage and management systems for residential and commercial properties, has raised $11.5 million in its latest funding round. The investment was led by Clean Energy Ventures, with participation from other investors such as Ecosystem Integrity Fund and the Massachusetts Clean Energy Center.
Basil Systems’ innovative technology allows for the integration of solar panels, batteries, and energy management systems, providing a comprehensive and efficient solution for sustainable energy consumption. This not only reduces carbon emissions but also helps individuals and businesses save on energy costs.
The company’s CEO, Ron Van Dell, expressed his gratitude for the support and confidence of their investors, stating, “This funding will allow us to accelerate our growth and continue to develop cutting-edge solutions that will help combat climate change and create a more sustainable future.”
The success of both Aktiia and Basil Systems is a testament to the growing interest and investment in innovative and sustainable technologies. With the support of their investors, these companies are well-positioned to make a significant impact in their respective industries and improve the lives of people worldwide.
The oversubscribed funding rounds for Aktiia and Basil Systems are also a positive sign for the overall investment landscape, especially in the midst of a global pandemic. It shows that investors are still willing to support promising companies and technologies, despite the challenging economic climate.
In conclusion, Aktiia’s $42 million Series B round and Basil Systems’ $11.5 million in funding are exciting developments that highlight the potential of these companies to make a significant impact in their industries. With the support of their investors, Aktiia and Basil Systems are well-equipped to continue their research and development efforts and bring their innovative solutions to market. These success stories also serve as a reminder of the importance of investing in innovative and sustainable technologies for a better and more sustainable future.
