DiaMonTech receives financing from Investitionsbank Berlin

Berlin, 10 March 2020

The sum is divided into grants of about 0.4 million Euro and a loan of about 0.8 million Euro.

The financing comes from the"Pro FIT - Project Financing" (Pro FIT – Projektfinanzierung) funding program with which the IBB supports technological innovations.

DiaMonTech is using the financial meansespecially to complete the product development for the D-Pocket and to push itsmarket launch.

About DiaMonTech

Founded in Berlin, Germany, in 2015, DiaMonTech is a medical technology company committed to improving health outcomes for people with diabetes and empowering them to take control of their lifelong health. Its pioneered and patented non-invasive “no prick” photothermal detection technology is fast and painless and doesn’t require needles or test strips. An industry first, DiaMonTech monitors the actual glucose molecules in skin, providing users with a more comprehensive and accurate reading comparable to invasive commercial devices. DiaMonTech achieved 99.1% accuracy in a test study with 100 people studied, received the CE mark as a medical device in April 2019 and is currently under FDA review. To support its mission, DiaMonTech is led by a world-class team of scientists, researchers and healthcare experts. 

More information about DiaMonTech can be found at www.diamontech.de.

Press contact
Markus Teuber
E-mail: hello@diamontech.de

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