BRANDL TALOS advises contextflow on Second Closing of its Series A financing round

Viennese HealthTech start-up contextflow closes 6.7 million euros Series A financing round

Following the successful first closing in June 2021, BRANDL TALOS continued to advise contextflow on the final second closing of the Series A financing round. The BRANDL TALOS transaction team consisted of Markus Arzt, Christina Bernhart and Elena Ciresa.

In the course of the second closing Peak Pride, the Hans Peter Haselsteiner start-up unit, joined as new investor. In addition, fresh capital was raised by the existing investor APEX Ventures through its “APEX Best in Class” fund. The investment will be used for the market entry in Europe and the US, obtaining FDA clearance as well as extending the company’s offerings to include new products and features.

Founded in 2016 as a spinoff of the Medical University of Vienna (MUW), contextflow GmbH develops deep learning-based software to improve radiology workflows. Its core technology is a 3D image-based search engine (SEARCH), which detects disease patterns in 3D medical images like CTs and MRs. It is currently being utilized by radiologists on lung CTs, identifying 19 different patterns (including those related to COVID-19), making it the only clinical decision support system of its kind.

The team

Markus Arzt

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Attorney at Law / Fund Formation, Capital Markets, Venture Capital & Start Ups, Corporate Law & Transactions

In recent years, Markus has spearheaded various large international transactions and is a respected venture capital and private equity expert.

University of Vienna, Faculty of Law (Mag. iur. 2012)