FinTechFunding

Vitestro: Raises EUR 12M in Series A Financing

Vitestro Raises EUR 12M in Series A Financing

  • Vitestro, an Utrecht, Netherlands-based developer of an autonomous blood drawing device, raised EUR12M in Series A funding
  • The round was led by Sonder Capital
  • The company intends to use the funds to accelerate product development, prepare EU market authorization, and initiate production
  • The company is advancing a device that combines AI-based, ultrasound-guided 3D reconstruction with robotic needle insertion, ensuring accurate and secure blood collection
  • A prototype has been tested on more than 1,000 patients
  • Clinical studies will continue in 2023, with European market introduction anticipated in 2024
Previous article
Strategic Elements: Achieves “ultra-stable” voltage from Energy Ink battery tech
Next article
Moneyfarm: Launches thematic investing portfolios
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

Regulators Brief Banks on Anthropic Cyber Risk Amid Growing Concerns

Regulatory bodies emphasize urgent risks from Anthropic's AI developments.Highlights: Regulators issue warnings about Anthropic's AI-related cyber risks.Financial institutions...
FinTech

GoCardless Achieves Profitability in First Quarter

Fintech company GoCardless reports a significant financial milestone.Highlights: GoCardless has posted its first profitable quarter.The fintech company reported...
FinTech

AI Fintech Startup Round Raises $6 Million to Accelerate Growth

Funding will enhance AI-driven financial solutions for consumers.Highlights: AI fintech startup raises $6 million in funding.Investment aimed at...
FinTech

Wise Strengthens US Presence by Shifting Primary Listing

The fintech firm moves its primary share listing to the United States.Highlights: Wise to change primary listing from...