Smart Reporting Secures €23M in Series C Funding

April 22, 2024, 3:34 pm
Smart Reporting
Smart Reporting
Location: Germany, Bavaria, Munich
Employees: 51-200
Founded date: 2014
Total raised: $57.62M
Smart Reporting, a Munich-based medical reporting company, has successfully raised €23M in Series C funding. The investment comes from TVM Capital Life Science, with Dr. Hubert Birner and Stefan Fischer joining the company's board. Smart Reporting plans to use the funds to expand its international partnerships and product development, with a focus on strengthening its market presence in the US, Canada, Australia, and New Zealand.

Founded by Wieland Sommer, Smart Reporting specializes in radiology and pathology reporting. Their innovative technology, "SmartReports," provides real-time, high-quality data through a voice-controlled and data-driven documentation solution for doctors. The company recently deepened its collaboration with Solventum (formerly 3M Health Information Systems) to enhance its offerings in the radiology reporting market.

With a team of over 80 experts in medicine, data science, and software engineering, Smart Reporting serves more than 16,000 physicians in 90 countries. Their software, used by major healthcare IT partners like Siemens Healthineers and GE Healthcare, streamlines clinical workflows and improves diagnostic accuracy.

This latest funding round will propel Smart Reporting's expansion efforts and solidify its position as a leader in medical reporting technology.