Ace Embedded Intensive Care Raises $ 0.7M In Pre-Series A Funding

The company aims to raise funds additionally to realize its aspirations and is in talks with marquee investors for the same.

Ace Embedded Intensive Care Units Pvt. Ltd. has raised USD 0.7 Mn in its Pre-Series A round funding from an undisclosed renowned investor. The company has so far raised a capital of USD 1Mn in total.

Ace Embedded Intensive Care Units Pvt. Ltd, under the leadership of healthcare industry veteran, MD and CEO of ACE Embedded Intensive Care Units Pvt. Ltd Dr. Jagadish Hiremath, plans to acquire a significant share of the surgery market in India by 2026 for which it aims to raise more funds from VCs and PEs going further.

“Vision of the company is to disrupt the existing surgery healthcare market in India and to be the leader of precision surgery” said Dr. Jagadish Hiremath, MD and CEO of ACE Embedded Intensive Care Units Pvt. Ltd.

The company aims to raise funds additionally to realize its aspirations and is in talks with marquee investors for the same. “We will primarily use the fresh capital to fuel the growth and provide better and advanced healthcare to all. Thus we shall remain in talks with more marquee investors and shall keep adding more milestones” said Mr. Shanti Nath Jha, Partner at Thoth Consultants India, Investment Banker for Ace Embedded Intensive Care Units.

Source: Business World