Bluedrop Medical is a healthcare startup founded in 2015 and based in Ireland. The company's mission is encapsulated in the slogan "Healthcare Connected." Bluedrop Medical has developed a revolutionary patented system aimed at addressing the significant global issue of diabetic foot ulcers. With nearly half a billion diabetics worldwide, it is estimated that up to 25% will develop a foot ulcer at some point in their lives, with hundreds of thousands facing amputation due to infection. Bluedrop Medical's approach involves combining detection technology with the Internet of Things, thereby creating a connected health system capable of identifying ulcers early on. This early detection enables more effective and affordable treatment. The latest significant milestone for the company was a €10.50M Venture Round investment on 31 March 2023. The investment came from a consortium of notable investors, including Atlantic Bridge Ventures, Irrus Investments, The European Innovation Council, Furthr VC, Ascentifi, HBAN Medtech Syndicate, Western Development Commission, and Elkstone Capital Partners. Bluedrop Medical's innovative approach holds promise in significantly reducing the global burden of diabetic foot ulcers.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Seed Round | €10.50M | 8 | Western Development Commission, HBAN Medtech Syndicate +1 | 31 Mar 2023 |
Venture Round | €15.00M | 6 | Western Development Commission, HBAN Medtech Syndicate | 20 Dec 2021 |
Seed Round | €1.20M | 4 | Western Development Commission, HBAN Medtech Syndicate | 19 Sep 2019 |
Grant | $2.50M | 1 | 19 Sep 2019 | |
Non Equity Assistance | Unknown | 2 | Dreamit Healthtech | 28 Mar 2017 |
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