MedWatch

Ward 24/7 raises USD 2.5m despite capital market pressure

With a low valuation, the medtech firm developing patient monitoring software has been successful in securing financing from Vækstfonden, among others.

Photo: Ward 24/7 / PR

Although the capital markets are currently experiencing pressure, digital medtech firm Ward 24/7 has managed to attract investor attention, Danish business media Finans reports.

Ward 24/7 develops software for patient monitoring at hospitals, and has been hunting for new capital since January. Efforts intensified over the summer, and the firm recently managed to bring in DKK 18m (USD 2.5m) from a syndicate of investors including Vækstfonden (The Danish Growth Fund), a group of private investors, and a Finnish fund.

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