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MIG-backed Cerbomed nets further €2m investment

20 Sep 2012

Venture-backed medical company Cerbomed, which creates devices to treat and manage epilepsy, has received €2m from healthcare tech company Cyberonics.

Cerbomed’s lead investor MIG is one of Germany’s largest venture funds, while other investors include state-owned KfW Banking Group and S-Refit AG.

The latest investment in Cerbomed can total up to €5.5m subject to the achievement of certain clinical milestones.

MIG has more €700m in venture funds providing capital to young, non-listed companies in Germany, Austria and Switzerland.

Last month Implandata Ophthalmic Products (IOP), a specialist in diagnostic systems for monitoring chronic eye diseases, completed a second closing of its Series A round.

German venture firms Peppermint Venture Partners and Enjoy Venture led the round and were joined by banking group KfW’s ERP Startfonds.

The financing will be used to run a CE trial to achieve early market access for its new diagnostic system, IOP said.

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