Flynn O’Driscoll was delighted to have advised investors in their continued support and investment into Bluedrop Medical with its recent €10.5m funding round.

The investors advised on this funding included Furthr VC, Western Development Commission, Ascentifi and HBAN’s MedTech and Irrus Investments syndicates.

Bluedrop Medical, a medtech company located in Galway, has secured €10.5 million in funding to support the advancement of its remote patient monitoring system. The system is designed to detect diabetic foot ulcers at an early stage.

In addition, the funding will enable the company to expand its workforce by creating 25 new job positions this year, which will more than double its current staff of 17, and enhance its production capabilities.

The advisors on this deal included Diann Cannon (Partner, Corporate & Commercial) and Jéssica Lazzari (Trainee Solicitor, Corporate & Commercial).

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