PRESS RELEASE
2 May 2023

Bluedrop Medical Raises €10.5m In Funding Round

RL
RDJ LLP

Contributor

At RDJ, we combine legal insight and human intelligence to deliver long-lasting business impact. As one of Ireland’s leading corporate law firms, we’re as ambitious for your business as you are. With offices in Cork, Dublin, Galway and London, we represent clients from scaling and established Irish companies to multinationals, financial institutions and global insurance companies with unique cross-sectoral expertise. We build meaningful relationships with clients and counsel to deliver tangible value for more sustainable businesses, becoming our client’s most trusted advisors and the number one employer of choice for legal talent in Ireland. And, by investing in the progress of our people and harnessing new technologies, we power agile decision-making that adds long-term value every step of the way. Legal Insights. Human Intelligence. Business Impact
RDJ advised Galway-based medtech company Bluedrop Medical on its €10.5 million funding round led by Atlantic Bridge and Elkstone, with the European Innovation Council Fund, Furthr VC...
Ireland

RDJ advised Galway-based medtech company Bluedrop Medical on its €10.5 million funding round led by Atlantic Bridge and Elkstone, with the European Innovation Council Fund, Furthr VC, Western Development Commission, Ascentifi and HBAN's MedTech and Irrus Investments syndicates also backing the company.

Founded by Chris Murphy and Simon Kiersey in 2015, Bluedrop Medical aims to reduce the rate of preventable amputations for people afflicted with diabetes. The company has developed an internet of things-enabled device, similar to a bathroom scale, to help those at risk of developing diabetic foot ulcers to easily check their feet at home.

The funding round will be used to complete clinical trials and start commercialisation. The company will also create 25 jobs this year as a result of the funding, more than doubling its current staff of 17, and increase its production capacity.

The RDJ transaction team included Marie Gavin and April Byrne.

Learn more about RDJ's Corporate Finance team here.

Contributor

At RDJ, we combine legal insight and human intelligence to deliver long-lasting business impact. As one of Ireland’s leading corporate law firms, we’re as ambitious for your business as you are. With offices in Cork, Dublin, Galway and London, we represent clients from scaling and established Irish companies to multinationals, financial institutions and global insurance companies with unique cross-sectoral expertise. We build meaningful relationships with clients and counsel to deliver tangible value for more sustainable businesses, becoming our client’s most trusted advisors and the number one employer of choice for legal talent in Ireland. And, by investing in the progress of our people and harnessing new technologies, we power agile decision-making that adds long-term value every step of the way. Legal Insights. Human Intelligence. Business Impact

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More