Revolutionary Medical Documentation Startup Secures $25 Million in Funding, Plans to Expand Globally

In a recent announcement, Smart Reporting, a technology startup founded by a radiologist, has secured nearly $25 million in new funding. The Series C financing round was led by TVM Capital Life Science, based in Munich, Germany, with additional contributions from Bayern Kapital and existing investors.

Smart Reporting aims to tackle the challenge of medical documentation, which currently consumes around 40% of a physician’s day, by automating and streamlining workflows, focusing on imaging. The company plans to use the funding to expand its product development efforts and form international partnerships, with a goal of increasing its presence in the U.S., Canada, Australia, and New Zealand.

According to Dr. Hubert Birner, MBA, managing partner at TVM Capital Life Science, new technologies such as AI and machine learning are driving innovation within the healthcare industry. He highlighted Smart Reporting as a pioneering company with groundbreaking technology that is already being utilized by thousands of doctors worldwide.

Founded in 2014 by Wieland Sommer, MD, a professor of radiology at the University of Munich, Smart Reporting now has a team of 80 professionals including doctors, data scientists