{"id":64227,"date":"2020-09-15T12:27:00","date_gmt":"2020-09-15T10:27:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=64227"},"modified":"2021-04-12T23:11:59","modified_gmt":"2021-04-12T21:11:59","slug":"successful-series-a-financing-for-ceregate","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/64227\/successful-series-a-financing-for-ceregate\/","title":{"rendered":"Successful Series A financing for Ceregate"},"content":{"rendered":"<div class=\"entry-content\">\n<p>Ceregate&#039;s software complements existing therapies for neurological disorders such as Parkinson&#039;s disease. The startup, founded in 2019, is also developing new therapeutic approaches in the field of neurostimulation. For example, the Munich-based company has developed a method to incorporate the process of so-called &quot;mindwriting&quot; into today&#039;s conventional deep brain stimulation and other neuromodulation systems. Deep brain stimulation involves implanting hardware into the patient&#039;s brain or spinal cord that uses electrical impulses to treat certain disorders such as Parkinson&#039;s disease, epilepsy, or pain. By combining the two approaches, Ceregate&#039;s CBI technology can &quot;write&quot; or &quot;transmit&quot; information into the brain instead of simply passively interpreting ongoing neural activity.<\/p>\n\n\n\n<p>After Ceregate secured funding from the <a href=\"\/en\/60149\/htgf-interview\/\">High-Tech Gr\u00fcnderfonds (HTGF)<\/a> After receiving funding and successfully completing a proof-of-concept study with over 15 patients, the startup has now raised more capital. HTGF is again participating in the Series A financing round. However, the lead investor is the European health tech investor Heal Capital. Truventuro has also joined the round. The new financing\u2014the amount of which was not disclosed\u2014will enable Ceregate to further develop its approaches and conduct clinical trials to commercialize the first products.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&quot;Today, we are able to transmit information directly into the brain\u2014this is a revolutionary step. With our platform, we have all the prerequisites to understand and fundamentally rethink the role of supporting information in neurological therapy. We look forward to beginning this next chapter on our journey together with our new partners,&quot;<\/p><\/blockquote>\n\n\n\n<p>explained <strong>Balint Varkuti<\/strong>, Founder and CEO of Ceregate.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Ceregate convinces investors<\/h2>\n\n\n\n<p>The investors are convinced of the startup\u2019s potential. <strong>Eckhardt Weber<\/strong>, General Partner at Heal Capital, explains:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&quot;The application of cutting-edge software to existing brain stimulation devices is a fantastic technology that can dramatically improve patients&#039; quality of life. With Ceregate, a leading healthtech company in the field of computer-brain interaction has emerged from Germany, which fits perfectly into our investment area. It demonstrates how the interplay of science, technology, and medicine can have a tremendous impact on how we can improve the treatment of complex diseases in the future.&quot;<\/p><\/blockquote>\n\n\n\n<p>And <strong>Tobias Faupel<\/strong>, Senior Investment Manager at HTGF, adds:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&quot;The excellent clinical data demonstrates CereGate&#039;s remarkable progress since our seed investment last year. We are impressed by the speed and execution strength of the Ceregate team and were therefore pleased to participate in this financing round.&quot;<\/p><\/blockquote>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Not only is Elon Musk&#039;s startup Neuralink working on a computer-brain interface (CBI), but Munich-based Ceregate is also developing a software-based interface between computers and the human brain. The startup has now successfully completed a Series A financing round.<\/p>","protected":false},"author":33,"featured_media":64228,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1],"tags":[4045,505,52],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Erfolgreiche Series-A-Finanzierung f\u00fcr Ceregate - Munich Startup<\/title>\n<meta name=\"description\" content=\"Ceregate entwickelt eine softwarebasierte Schnittstelle zwischen Computern und dem Gehirn. Nun konnte das Startup eine Series-A-Finanzierung abschlie\u00dfen.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/64227\/successful-series-a-financing-for-ceregate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Erfolgreiche Series-A-Finanzierung f\u00fcr Ceregate - Munich Startup\" \/>\n<meta property=\"og:description\" content=\"Ceregate entwickelt eine softwarebasierte Schnittstelle zwischen Computern und dem Gehirn. 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