Target Information

Altavo GmbH, founded in February 2021, is a medical technology startup based in Dresden. It specializes in developing innovative voice rehabilitation solutions using non-invasive radar sensing and artificial intelligence, aimed at improving the rehabilitation of mute and severely speech-impaired patients. The company employs 15 staff members with extensive experience in fields such as AI, data science, speech technology, high-frequency technology, medical technology, and voice therapy. Altavo collaborates with the Technical University of Dresden, particularly with its departments for Speech Technology and Cognitive Systems and High-Frequency Technology. This partnership is supported by projects funded by the Federal Ministry of Education and Research and the Saxon Development Bank.

Industry Overview

Germany has a robust medical technology sector, recognized globally for its innovative approaches and high-quality standards. The country is home to several leading companies in the medical device industry, particularly in fields like rehabilitation technology, which has seen considerable growth in recent years. An increasing number of aging populations and patients with chronic conditions drive demand for effective rehabilitation solutions.

The German health care system infrastructure plays an essential role in facilitating the adoption of new medical technologies. With a strong emphasis on research and development, Germany provides an environment conducive to startup growth, particularly in the health tech field. Government initiatives and funding programs further support the innovation ecosystem.

In addition, there is a growing focus on digital health solutions and AI applications in healthcare. This trend paves the way for new technologies and systems that can address the needs of specific patient populations, including those who are mute or have impaired speech capabilities.

By providing advanced rehabilitation technologies, companies like Altavo are poised to fill significant gaps in the market and meet the specific needs of patients while also contributing to the evolving landscape of medical technology in Germany.

Rationale Behind the Deal

Altavo's recent Series A funding round successfully raised €5 million from a European consortium led by OCCIDENT. This capital will help drive corporate development, product innovation, clinical trials for regulatory approvals, and international expansion. Altavo's patented

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OCCIDENT

invested in

Altavo GmbH

in 2024

in a Series A deal

Disclosed details

Transaction Size: $5M

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