Investing
The funding brings the Munich-based startup's total Series B raise to €42 million.
It plans to hire more talent and pursue M&A opportunities to scale.
The company will use the investment to expand its product specialist and client engagement teams.
Also, Edenlux is now providing AI-generated eye health reports in its mobile app.
![[Left-Right] Dr Joanne Tay, Dr Sue Ann Toh, and Dr Kyle Tan, founders of Novi Health](/sites/mhn/files/styles/230x130/public/Photo%2520-%2520NOVI%2520Founders.jpg?itok=VrpdNJPj)
It will use its fresh funds to accelerate staff hiring.
The company will use the investment to deploy its technology in more healthcare facilities.
The funding comes a year after the payment startup announced a $15 million Series A.
During a discussion at the HLTH 2022 conference, panelists said that companies need to refocus their business models due to an anticipated lack of funding.
Resilience Lab, Validic and Assure Health also make funding announcements.
The retail giant will tap into Coeus.health's Home Health Hybrid Cloud ecosystem to illustrate to users the benefits of its home health devices.