Deals · Updated 7 Oct, 01:17 pm IST

Sunfox raises $7M Series A to scale Spandan cardiac diagnostics

Why it matters for readers: It explains how a small device company is expanding from India into other countries with new funding.

Sunfox raised $7 million in a Series A round led by Ashish Kacholia, Lashit Sanghvi, Alchemy Capital, and 3one4 Capital.2
The company will use the capital to expand its Spandan platform across India, hire, and invest in R&D, clinical evidence, and engineering.1 2
Sunfox says it has deployed about 60,000 Spandan devices in India and reached more than 20,000 villages, with Spandan One screening around 5 million patients annually.2
The startup holds regulatory approvals in India, Ghana, Kenya, Tanzania and South Africa and is pursuing clearances in the US and EU.2

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7 Oct, 11:52 am · YourStory
Medtech company Sunfox Technologies raises $7M to scale cardiac diagnostics platform
7 Oct, 01:17 pm · Inc42
Sunfox Technologies Bags $7 Mn To Scale Cardiac Diagnostics Platform Spandan