MIM Fertility, a Warszawa, Poland-based AI fertility startup, has raised $2 million in funding. Read our article to learn more about how to raise seed funding for a startup.
SaaS Investors
The round was led by Tangent Line Ventures and Peleton.
Founded in 2022, Tangent Line Ventures is a venture capital firm. Based in Warsaw, Poland, the firm seeks to invest in the energy, life sciences, sustainability, software, and information technology sectors.
Peleton is a Warsaw-based VC firm.
MIM Ferility Use of Funds
The funding will be utilized to refine existing technologies, develop new functionalities, and expand the company's global presence.
About MIM Fertility
Founded in 2019 by PhD Piotr Wygocki and Ula Sankowska, MIM Fertility is a spin-off from the University of Warsaw, that uses machine learning and deep learning algorithms to develop solutions for reproductive medicine, aiming to improve diagnosis and treatment outcomes in the field of infertility. MIM Fertility's products, EMBRYOAID and FOLLISCAN, leverage AI to assist experts in identifying and analyzing ovarian follicles and embryo assessment. Its mission is to create AI-as-a-medical-device solutions that improve the standard of healthcare, specifically IVF treatment.
Funding Details
Company: MIM Fertility
Raised: $2.0M
Round: Seed Round
Funding Month: December 2023
Lead Investors: Tangent Line Ventures and Peleton
Additional Investors:
Company Website: https://www.mimfertility.ai/
Software Category: AI Fertility
Source: https://www.femtechworld.co.uk/news/ai-fertility-start-up-bags-us2m-in-funding-to-boost-ivf-outcomes/