About Powerful Medical
Powerful Medical is a company based in Bratislava (Slovakia) founded in 2019 by Felix Bauer, Martin Herman, Robert Hatala, Viktor Jurasek, and Robert Herman.. Powerful Medical has raised $11.38 million across 3 funding rounds from investors including European Union, CB ESPRI and BPD Partners. Powerful Medical offers products and services including PMcardio Platform, PMcardio for Organizations, PMcardio for Individuals, PMcardio STEMI, and PMcardio LVEF. Powerful Medical operates in a competitive market with competitors including Cardiotrack, CorVista, Larkai Healthcare, Shenzhen Ruixin Intelligent Medical Technology and Cardio Intelligence, among others.
- Headquarter Bratislava, Slovakia
- Founders Felix Bauer, Martin Herman, Robert Hatala, Viktor Jurasek, Robert Herman
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Powerful Medical Inc.
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Annual Revenue
$1.02 M (USD)8as on Dec 31, 2023
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Net Profit
$-4 M (USD)-147as on Dec 31, 2023
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EBITDA
$-3.99 M (USD)-147as on Dec 31, 2023
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Total Equity Funding
$11.38 M (USD)
in 3 rounds
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Latest Funding Round
$2.71 M (USD), Grant
Feb 29, 2024
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Investors
European Union
& 4 more
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Employee Count
Employee Count
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Products & Services of Powerful Medical
Powerful Medical offers a comprehensive portfolio of products and services, including PMcardio Platform, PMcardio for Organizations, PMcardio for Individuals, PMcardio STEMI, and PMcardio LVEF. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for interpreting ECGs to detect cardiovascular diseases quickly.
Tool for healthcare institutions to coordinate cardiac care and diagnostics.
App for personal ECG analysis and disease diagnosis in seconds.
AI model for detecting acute myocardial infarction from ECGs.
System to identify reduced left ventricular ejection fraction via ECG.
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Funding Insights of Powerful Medical
Powerful Medical has successfully raised a total of $11.38M across 3 strategic funding rounds. The most recent funding activity was a Grant round of $2.71 million completed in February 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Grant — $2.7M
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First Round
First Round
(28 Sep 2022)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series A - Powerful Medical | Valuation | European Union |
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| Feb, 2024 | Amount | Grant - Powerful Medical | Valuation |
investors |
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| Sep, 2022 | Amount | Seed - Powerful Medical | Valuation | bpd partners , Venture to Future Fund |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Powerful Medical
Powerful Medical has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union, CB ESPRI and BPD Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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A Czech family office managing partner families' assets is operated.
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Founded Year | Domain | Location | |
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A venture capital fund focused on innovative Slovak companies is operated.
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Founded Year | Domain | Location | |
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Investments are directed toward early and growth-stage technology firms.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Powerful Medical
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Powerful Medical
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Powerful Medical Comparisons
Competitors of Powerful Medical
Powerful Medical operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Cardiotrack, CorVista, Larkai Healthcare, Shenzhen Ruixin Intelligent Medical Technology and Cardio Intelligence, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based EGC data capture and analysis platform
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| domain | founded_year | HQ Location |
Provider of an AI-based cardiac health diagnosis tool for healthcare professionals
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| domain | founded_year | HQ Location |
AI-powered diagnostic and monitoring solutions for cardiopulmonary anomalies are provided.
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| domain | founded_year | HQ Location |
AI-based medical imaging tools for cardiac disease diagnosis are provided.
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| domain | founded_year | HQ Location |
Heart diseases are diagnosed and treated with AI-based medical devices.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Powerful Medical
Frequently Asked Questions about Powerful Medical
When was Powerful Medical founded?
Powerful Medical was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Powerful Medical located?
Powerful Medical is headquartered in Bratislava, Slovakia.
Who is the current CEO of Powerful Medical?
Martin Herman is the current CEO of Powerful Medical. They have also founded this company.
Is Powerful Medical a funded company?
Powerful Medical is a funded company, having raised a total of $11.38M across 3 funding rounds to date. The company's 1st funding round was a Seed of $5.96M, raised on Sep 28, 2022.
What is the annual revenue of Powerful Medical?
Annual revenue of Powerful Medical is $1.02M as on Dec 31, 2023.
What does Powerful Medical do?
Powerful Medical was founded in 2019 in Bratislava, Slovakia, and operates in the health technology sector. Cardiovascular diseases are diagnosed and managed through an AI-powered medical device named PMcardio, which is integrated with a mobile app. ECGs are digitized and interpreted by the system to support clinical decisions. Patient management features are included to streamline workflows for healthcare providers.
Who are the top competitors of Powerful Medical?
Powerful Medical's top competitors include Cardiotrack, CorVista and Keya Medical.
What products or services does Powerful Medical offer?
Powerful Medical offers PMcardio Platform, PMcardio for Organizations, PMcardio for Individuals, PMcardio STEMI, and PMcardio LVEF.
Who are Powerful Medical's investors?
Powerful Medical has 5 investors. Key investors include European Union, CB ESPRI, BPD Partners, Venture to Future Fund, and Arieli Group.