Successful closing of financing round
Smart Reporting closed its financing round led by yabeo. The early-stage financier is lead investor in 15 million capital increase, other investors include the entrepreneurs Ann-Kristin Achleitner, Wolfgang Reitzle and Rolf Dienst.
Munich, Germany, Apr 20, 2020
“Smart Reporting, a leading software solution in radiology has already been on the market for several years and is close to becoming industry standard in terms of speed, quality and productivity of structured reporting. We are very pleased to accompany one of the leading digital health start-ups from Germany on its growth path,” says Matthias Sohler, founder and Managing Director of yabeo.
yabeo is lead investor in the € 15 million capital increase. Other investors include the entrepreneurs Ann-Kristin Achleitner, Wolfgang Reitzle and Rolf Dienst. The capital will be invested in technology and international expansion.
Prof. Dr. med. Wieland Sommer, founder and CEO of Smart Reporting states: “There has been a discussion about big data in medicine for the last 10 years, but medical documentation is often still done with pen and paper. So, there is a huge need for better data in medicine, which needs to be standardized as and when the physician documents findings in his clinical workflow. I am convinced that the medicine and healthcare of the future is grounded in data science. Our ability to get reliable data from every patient at a large scale will be the foundation to provide better and more personalized care to the ever increasing patient population.”
Smart Reporting also provides first use-cases for fully integrated AI-enhanced image analysis and reporting in diagnostic medicine. It has been proven in multiple publications that structure and standardization of medical documentation optimize patients’ treatments as well as outcomes. The current investment round, which was supported by Wessel Management, will be used to further develop the technology as well as to scale into different disciplines of medicine, including surgery, oncology and cardiology.