14 Mar 2018 - by Kaapo Annala

Press release: Neuro Event Labs receives new funding, joins 70 million euro Maki.vc investment fund

Neuro Event Labs has been selected in a new venture capital fund founded by leading Finnish technologists. The fund invests 500,000 Euros in the company. This complements an investment of 100,000 Euros by OmaMedical and 1.3 million Euros made by Business Finland, a Finnish national growth acceleration organization.

The new fund being established, Maki․vc, will become a major Nordic venture capital fund with up to 70 million Euros (approx․ 86 million USD) total fund size. The fund is founded by Mr. Ilkka Kivimäki, chairman of the board for leading global startup event Slush and Mr. Pirkka Palomäki, a former executive at the F-Secure Corporation. Fund investors include leading Finnish technologists such as Mr. Risto Siilasmaa, chairman of the board for Nokia and Mr. Ilkka Paananen, founder of leading gaming company Supercell.

Neuro Event Labs was selected due to its extremely promising technology based on computer vision, machine learning and IoT solutions. Also, the company’s product, validated by existing clients, was seen to have very strong potential to disrupt the traditional health care industry internationally.

“We’re extremely happy to have world-class investors backing our international growth. Our mission is to help doctors provide better and more efficient treatment for the 65 million epilepsy patients in the world. There is an immediate demand and interest for our product,” says Mr. Kaapo Annala, Neuro Event Labs CEO.

Neuro Event Labs is actively building expansion to international markets. In Finland, the company is cooperating with several hospitals for product development, epilepsy research and commercial applications.

More information

Mr. Kaapo Annala, CEO
+358 50 372 9094

About Neuro Event Labs

Neuro Event Labs is a Finnish medical technology growth company. The company’s main product monitors epilepsy patients at home and in hospital. Accurate epilepsy seizure data is collected, analyzed and relayed to the patient’s physician, who makes individual treatment decisions based on the reports. The solution has been developed on close cooperation with leading Finnish hospitals. https://neuroeventlabs.com

Read more at STT (article in Finnish).