$11.5 Million Raised for EU Device Startups

MD Start, a Europe-based accelerator specializing in developing medical devices, announced that it has raised $11.5 million in a round of funding for its new accelerator, MD Start II.

The round was led by French Tech Acceleration and managed by Bpifrance, the French public investment bank, as well as Medtronic, Sofinnova Partners and LivaNova.

MD Start II will continue to incept, finance and develop startup companies aimed at bringing innovative medical device concepts to the market. The companies will be incubated and managed by the MD Start partners until they reach certain milestones and require dedicated management and traditional venture capital funding. — Jeff Kinney