Bluedrop Medical

Bluedrop Medical

Healthcare Connected

Founded 2015 Ireland

Ireland 17 employees Seed Total: $29.80M Health Care, Medical Devices

Bluedrop Medical is a healthcare startup founded in 2015 and based in Ireland. The company's mission is encapsulated in the slogan "Healthcare Connected." Bluedrop Medical has developed a revolutionary patented system aimed at addressing the significant global issue of diabetic foot ulcers. With nearly half a billion diabetics worldwide, it is estimated that up to 25% will develop a foot ulcer at some point in their lives, with hundreds of thousands facing amputation due to infection. Bluedrop Medical's approach involves combining detection technology with the Internet of Things, thereby creating a connected health system capable of identifying ulcers early on. This early detection enables more effective and affordable treatment. The latest significant milestone for the company was a €10.50M Venture Round investment on 31 March 2023. The investment came from a consortium of notable investors, including Atlantic Bridge Ventures, Irrus Investments, The European Innovation Council, Furthr VC, Ascentifi, HBAN Medtech Syndicate, Western Development Commission, and Elkstone Capital Partners. Bluedrop Medical's innovative approach holds promise in significantly reducing the global burden of diabetic foot ulcers.

Funding Stage	Amount	Investors	Lead Investors	Date
Seed Round	€10.50M	8	Atlantic Bridge Ventures, Irrus Investments +6	31 Mar 2023
Venture Round	€15.00M	6	Enterprise Ireland, Irrus Investments +4	20 Dec 2021
Grant	$2.50M	1	European Innovation Council	19 Sep 2019
Seed Round	€1.20M	4	Enterprise Ireland, Halo Business Angel Network +2	19 Sep 2019
Non Equity Assistance	Undisclosed	2	Dreamit Ventures, Dreamit Healthtech	28 Mar 2017
Seed Round	€600.00K	2	Dreamit Ventures, Enterprise Ireland	28 Aug 2016

Funding Stage

Amount

Investors

Lead Investors

Date

Seed Round

€10.50M

Atlantic Bridge Ventures, Irrus Investments +6

31 Mar 2023

Venture Round

€15.00M

Enterprise Ireland, Irrus Investments +4

20 Dec 2021

Grant

$2.50M

European Innovation Council

19 Sep 2019

Seed Round

€1.20M

Enterprise Ireland, Halo Business Angel Network +2

19 Sep 2019

Non Equity Assistance

Undisclosed

Dreamit Ventures, Dreamit Healthtech

28 Mar 2017

Seed Round

€600.00K

Dreamit Ventures, Enterprise Ireland

28 Aug 2016

FAQ About Bluedrop Medical

Healthcare Connected

Bluedrop Medical was founded in 2015.

Bluedrop Medical is headquartered in Ireland.

Bluedrop Medical operates in Health Care and Medical Devices. Its work centres on Diabetes, Connected Health, Medical Technology and Foot Ulcers.

Bluedrop Medical has approximately 17 employees.

Bluedrop Medical has completed 6 funding rounds, raising a total of $29.80M. The latest funding stage is Seed.

Top alternatives and competitors to Bluedrop Medical include D.Sole, VisionQuest Biomedical Inc., Orpyx®, Siren, FeelTect. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Bluedrop Medical and D.Sole are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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