Avi Medical, a data-driven healthcare provider, has raised EUR50 million in a Series B funding round led by Balderton Capital.
Existing investors including Berlin-based healthcare fund Heal Capital and New York-based Addition also joined the round, alongside Picus Capital, Vorwerk Ventures, Eurazeo and 3VC.
UiPath founder Daniel Dines and Forward Health Founder Adrian Auon also participated in the round.
The company will use the funding to expand the business from eight to at least 100 clinics across Germany by 2024. At the same time, Avi will continue to develop its technology to improve the experience of both patients and doctors.
