BrainTale Secures €4.5 Million Funding to Boost the Advancement of Its Neurological Disorder Diagnosis, Monitoring, and Prediction Solution
BrainTale, a French medtech deciphering white matter to enable better brain care, announces it has gathered € 4.5 million from Capital Grand Est and MACSF.
Funding Round Info:
BrainTale, a French medtech firm specializing in white matter analysis for enhanced brain care, has secured €4.5 million in funding from Capital Grand Est, MACSF, and various business angels. This funding will be used to expedite its growth in Europe and the United States. BrainTale's goal with this capital raise is to equip physicians and pharmaceutical companies with cutting-edge solutions that enhance the diagnosis, monitoring, and prediction of neurological conditions, specifically Alzheimer's, Parkinson’s disease, amyotrophic lateral sclerosis, and traumatic brain injuries.
About BrainTale:
BrainTale is a medtech company that specializes in the analysis of white matter to enhance brain care, offering clinically validated prognostic solutions. Their approach involves non-invasive, sensitive, and accurate measurements of changes in the microstructure of white matter, which forms the basis of their digital biomarkers platform that aids in clinical decision-making. BrainTale's technology is designed to help identify patients at risk, facilitate early diagnosis, and monitor disease progression and treatment effectiveness in the field of neurology. This is especially applicable to demyelinating diseases, amyotrophic lateral sclerosis, and neurodegenerative diseases. The company's products, developed over a span of more than 15 years of research and development, are tailored to meet the needs and expectations of healthcare professionals, with the ultimate goal of benefiting patients. Since its founding in 2018, BrainTale has established a comprehensive quality management system and has been awarded ISO 13485:2016 certification. The company offers a suite of products that comply with the European Medical Device Regulation (MDR) and are available in the European market.
About LallianSe:
LallianSe, established in 2015, is a Life Sciences Integrator that has supported over 90 companies in the healthcare innovation sector. Their mission is to create an environment conducive to the successful development of healthcare innovations by articulating equity stories. LallianSe designs custom journeys for institutions, companies, hospitals, and entrepreneurs, utilizing an active, agile approach and a team of 50 Experts and Entrepreneurs-in-residence. Located at the heart of a hospital, LallianSe's unique office location allows them to establish privileged relationships with the medical and hospital communities, fostering an unparalleled ecosystem within the care environment. Their services include strategy and execution, education, hospital immersion, and events. They offer co-working spaces within the hospital in Paris, promoting the emergence of privileged relationships and dedicated initiatives. They also provide training programs for health innovation students, actors, interested individuals, or organizations, sharing their expertise and experiences. LallianSe organizes events to unite their hospital and industrial community, entrepreneurs, investors, health decision-makers, payers, and many other stakeholders.
About Capital Grand Est:
Capital Grand Est is an investment firm that leverages its investment funds to support companies at various stages of maturity in the Grand Est region. The firm is driven by values such as active support, benevolence, demand, sharing, listening, development, regional anchoring, international influence, and support. Capital Grand Est currently manages a portfolio of 43 companies, with €180 million in managed capital, and has completed 21 divestments. The companies in their portfolio employ a total of 1,457 people. The firm is committed to contributing to the development and success of dynamic startups and SMEs across all sectors. They view capital investment as primarily a human adventure, partnering with today's and tomorrow's leaders.
About MACSF Group:
MACSF (Mutuelle d'Assurance du Corps de Santé Français) is a mutual insurance company dedicated to healthcare professionals. Their mission is to accompany and protect healthcare professionals in all aspects of their professional and personal lives. MACSF offers a range of services and products including savings and retirement plans, auto, motorcycle, and bicycle insurance, health and provident insurance, home and leisure insurance, as well as various services and training. The company is committed to providing comprehensive coverage and support to meet the unique needs of healthcare professionals.