goetzpartners advised Smart Reporting GmbH on venture debt financing

goetzpartners advised Smart Reporting GmbH on venture debt financing

goetzpartners successfully advised Smart Reporting GmbH ("Smart Reporting"), a German health-tech start-up to raise a venture debt loan of €15 million from European Investment Bank ("EIB"). The Munich-based company has developed medical documentation technology based on artificial intelligence (AI) that makes it possible to efficiently collect, structure and process clinical data. The voice-controlled, AI-supported diagnostic software for radiology, pathology and other clinical areas can thus make a decisive contribution to the digitalisation of healthcare.
With this fresh capital, Smart Reporting plans to expand its leading tech position, tap into new markets and further scale up its software and data business.

goetzpartners acted as exclusive financial advisor to Smart Reporting by providing key support during the entire financing round and guaranteed a successful and smooth transaction process by managing all involved parties.

About Smart Reporting
Smart Reporting was founded in 2014 by Wieland Sommer, Professor of Radiology with a Master's degree in Public Health (Harvard, US). The company was established in Munich with the vision of harnessing the value of medical data for better decision-making and treatment. Today, it has an interdisciplinary team of 70 doctors, data scientists and software engineers who develop software from Germany, Austria, Switzerland and Brazil based on their detailed understanding of clinical workflows. The company's multilingual software for structured diagnostics in radiology and pathology is used by more than 15 000 physicians in over 90 countries.

About European Investment Bank 
The EIB’s key priorities are climate and the environment, development, innovation and skills, small and medium-sized businesses, infrastructure and cohesion. It works closely with other EU institutions to foster European integration, promote the European Union’s development and support EU policies in more than 140 countries worldwide. The InvestEU Programme provides the European Union with long-term funding by leveraging substantial private and public funds in support of a sustainable economy. It helps generate additional investments in line with EU policy priorities, such as the European Green Deal, the digital transition and support for small and medium-sized businesses. InvestEU brings all EU financial instruments together under one roof, making funding for investment projects in Europe simpler, more efficient and more flexible.

Transaction team:

Ulrich Kinzel
Managing Director
Email

Fabio Riva
Associate Director

Youchen Xin, CFA
Associate Director

Matthias Friedl, CFA
Analyst

Vanessa Boog
Consultant

Debt advisory:

Marius Wolter
Associate Director