News – Emerging and Growth Companies Practice
7 December 2015
Cresco assisted LindaCare, a Belgian digital health solutions company, in the preparation, structuring and closing of its EUR 1.5 million Series A round led by Capricorn Venture Partners.
LindaCare is specialized in the development of integrated tele- monitoring software solutions for chronic disease management. The initial focus of LindaCare are patients with chronic heart failure (CHF) and cardiac arrhythmia, equipped with Cardiac Implanted Electronic Devices (CIED) for Cardiac Rhythm Management (CRM).
LindaCare will use the proceeds of the Series A round for product decelopment and to accelerate its growth.
CEO and founder Shahram Sharif comments: “Cresco’s support has been instrumental for us to achieve this major milestone. We’ve been relying on their excellent advice from the very beginning, through the incorporation and the closing of our Series A. We are delighted to have Cresco as a strong partner, and feel confident about tackling any legal hurdle that will come our way going forward."
Capricorn Venture Partners is an independent European manager of venture capital and equity funds, investing in innovative European companies with technology as competitive advantage, and is based in Leuven, Belgium.
David Dessers, Yannick Verrycke and Lukas Decoster constituted the deal team for this transaction and Cresco continues to advise Lindacare on its business relationships and technology transactions.
For any further information or questions, please contact David Dessers.