Czech startup HTG Medical has raised €450,000 in a new funding round and secured EU Medical Device Regulation (MDR) certification for its flagship product, the HTG Urogram. The funding brings the company’s total raised capital to more than €1 million, as Vestbee was informed.
- Founded in 2021 by Max Klimeš, Krištof Šaman, and Tobiáš Vybíral, HTG Medical develops medical hardware focused on improving hospital workflows and reducing the burden on frontline healthcare workers.
- The company’s main product, the HTG Urogram, is designed to automate urine output monitoring in intensive care units (ICUs), replacing the traditional process of nurses manually checking and recording patient measurements every hour.
- The device automatically measures urine output, displays real-time information, and transfers data directly into hospital information systems. By removing the need for repeated manual checks, the technology aims to save nurses valuable time, reduce paperwork, and improve accuracy in patient monitoring.
- Manual tracking of urine output in ICUs can be time-consuming and may lead to measurement errors. HTG Medical’s automated approach provides continuous monitoring, allowing doctors to better identify changes in a patient’s condition, including potential signs of acute kidney injury.
Details of the deal
- The funding round was backed by Garage Angels, Electron Capital Partners, JIC Ventures, Jinej fond, and Dendis Capital.
"The winning combination for us was a stellar founding team, clear MDR clearance, and a highly attractive recurring-revenue business model. We are thrilled to back HTG as it scales into a commercially successful global medtech player,” explains Aleš Filipenský, Investment Director at Garage Angels.
- The aim of the funding round is to support HTG Medical’s commercial launch and global expansion of the HTG Urogram, following its successful MDR certification. The company plans to use the investment to bring the device to more hospitals across Europe and expand into international markets, including Australia, Singapore, Malaysia, and Saudi Arabia.
