Manuel Opitz
👤 SpeakerAppearances Over Time
Podcast Appearances
We are not allowed in Europe just to sell any medical product.
You need a CE mark to do so, which is like FDA approval.
You can compare this very nicely.
And we actually achieved this for the feet just now.
And we will start to sell them in this month or maybe next month.
So officially, we didn't sell any products in 2016, but only prototypes.
But still, we got some seed funding in November.
And since then, I think we made more than 10K.
We have two seed investors.
One of them is the largest, actually the largest seed investor in Europe, the high-tech Gründerfonds it's called.
And the two of them, they provided, they have like, let's call it a standard deal.
I'm not entitled to say exact numbers, but if you look on their website, you see what they usually offer.
For instance, high-tech Gründerfonds alone,
They would offer something like 600K for 15% in convertible debt.
But it's loan, not equity?
But we received slightly more because we have a side investor.
It's a combination.
It's a very German thing.
It's under a million, yeah.
Yes.