Danish Single Family Office Invests In Austrian Medtech Startup

danish single family office invests in medtech

Contextflow is an Austrian medtech startup that works on deep learning solutions for radiology. The startup now received six-digit funding for its further growth.

Deep Learning based image recognition for radiology use cases

The Vienna-based startup was launched in 2016 as a spin-off of the Medical University Vienna. For the development of its services, it was supported by the Technical University Vienna. When further evidence is needed in medical cases, Contextflow supports medical teams by crawling millions of medical imagery, cases and literature. Radiologists can simply select a relevant area in an image – and immediately get information about associated cases. Contextflow is led by Markus Holzer (CEO), Rene Donner and Markus Krenn. Together, the team has more than 250 peer reviewed publications.

Funding to get EU certification and to accelerate proof of concepts

The new funding round for Contextflow was led by Apex Ventures. Other investors include Nina Capital (a European venture capital fund) and Crista Galli Ventures. Crista Galli Ventures is a new investment firm backed by a Danish single family office. The family office backed investment firm is founded by Dr. Fiona Pathiraja, a board-certified radiologist. Contextflow wants to use the funding round to get a EU certification and to accelerate its international proof of conecptes. So far, the firm works with hospitals in Germany, Austria, Netherlands and Croatia.

Wirtschaftswoche, 21.10.2019
Harlie Raethel, 21.10.2019

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