Mint Solutions Holding BV, a Dutch developer of the medication safety application MedEye, has raised € 5 million from existing and new investors. Mint Solutions was a participant in the first High Tech XL program at the High Tech Campus. Almost immediately after completion thereof it received its first investment of € 6 million. The company is now based in Amsterdam and Reykjavik, but the intention is to move the headquarters back to Brabant, in order to fully enjoy the ehealth ecosystem.
The funding round was led by the Brabant Development Agency (BOM Capital) and the existing shareholders LSP (Life Sciences Partners), which invests from the LSP Health Economics Fund, and Seventure Partners. Other shareholders, including NSA Ventures and a number of private Icelandic investors, also participated in this round.
“This ensures that patients get the right medication in the right dose and at the right time”
The capital injection will be used for the deployment of MedEye, which aims to halt and prevent medication errors and improve efficiency in hospitals and healthcare facilities. Through a combination of innovative hardware and software, and integration with hospital information, MedEye allows nurses to automatically check medication at the bedside. This ensures that patients get the right medication in the right dose and at the right time. After successful implementation in a number of Dutch hospitals, Mint is preparing for expansion into adjacent market segments and other countries.
“This investment comes at a crucial time for MedEye. We see a strong demand from Dutch hospitals and we are signaling ample opportunities for growth in other healthcare segments such as long-term care, and international markets”, says Gauti Reynisson, CEO of Mint Solutions. “With the new funding, we can further roll out MedEye and provide improved medication safety in more hospitals and healthcare facilities, both within and outside the Netherlands.”
“The MedEye system ensures a significant reduction in the number of medication errors, from which both hospitals and individual patients really benefit”, says Miriam Dragstra, director of BOM Capital. “We are very happy to be a partner of Mint Solutions, especially now that the company will move its headquarters back to Brabant, to participate in the regional ecosystem around MedTech and e-health solutions.”