CorTec
Company

Last deal

Amount

Venture - Series Unknown

Stage

19.12.2022

Date

3

all rounds

$29.41M

Total amount

date founded

Financing round

General

About Company
CorTec develops efficient brain implants for neurological treatment.

Industry

Sector :

Subsector :

Keywords :

founded date

01.09.2010

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

CorTec is a start-up that creates implantable systems to record and stimulate brain activity, offering a direct interface between the brain and technology. Their closed-loop technology allows for more precise and gentle treatment compared to existing brain stimulation methods. The company's innovative device, the CorTec Brain Interchange, is open to various applications in therapy, rehabilitation, and assistive technology. CorTec already serves a growing number of prestigious international customers and is focused on becoming the gold standard in neurotherapy.
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Financials

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Number of Funding Rounds

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Money Raised

Their latest funding was raised on 19.12.2022. Their latest investor Santo Venture Capital. Their latest round Venture - Series Unknown

Date 
Funding Round 
Investors 
Money Raised 
Lead 
05.10.2022
1
$2.48M
Local Amount - EUR 2.5M
02.10.2019
1
$14.25M
Local Amount - EUR 13M

EIC Fund

start-ups, SMEs, technology, co-investment

count Of Investments

40
European Innovation Council

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The EIC pilot supports innovators and entrepreneurs by providing funding, advice, and networking opportunities for cutting-edge innovation.

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Santo Venture Capital

Santo Venture Capital is a subsidiary of ATHOS Service, founded in 2011.

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Investment Banking and Brokerage Services

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83607 Holzkirchen, Germany

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Co-Investors
Investors
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3

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Number of investors

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Yes
Series C
Yes
Venture - Series Unknown

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Santo Venture Capital is a subsidiary of ATHOS Service, founded in 2011.

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People

Founders
5

Wolfgang Meier

Wolfgang Meier is Co Founder at CorTec.

current job

CorTec
CorTec

organization founded

1

Wolfgang Meier

Jorn Rickert
Jorn Rickert

Jorn Rickert

Jörn Rickert studied biology in Hamburg and Freiburg. In his doctoral thesis on the representation of movement in the motor cortex, he contributed to the basic neurobiological research. During this time the idea to take the scientific work as a bridge to this application and to start a business was born. After completing his doctorate in 2004, he took over as project manager of the Freiburg Brain Machine Interfacing Initiative (BMII) the task of transferring the research results, this scientist-grouping into a marketable product. Since the founding of CorTec in September 2010, he is CEO of the company.

current job

CorTec
CorTec

organization founded

1

Jorn Rickert

Martin Schuttler
Martin Schuttler

Martin Schuttler

Martin Schüttler studied electrical engineering at the University of Braunschweig. Subject of his doctoral microsystem were processed nerve interface. Since its completion in 2002, he has worked with over 150 publications a reputation as an internationally recognized scientist in the field of neuro-prosthetics. After several research stays abroad since 2005 he is group leader at the Institute for Biomedical Technology by Prof. Thomas Stieglitz and one of the senior scientists of the Freiburg BMII. In CorTec he coordinated in a managerial capacity development work.

current job

CorTec
CorTec

organization founded

1

Martin Schuttler

Thomas Stieglitz
Thomas Stieglitz

Thomas Stieglitz

Thomas Stieglitz studied electrical engineering, specializing in biomedical engineering, in Brunswick and Karlsruhe. He got his PhD from Saarland University where he also habilitated in biomedical microsystems engineering in 2002. From 1993 to 2004, he worked at the Fraunhofer Institute for Biomedical Engineering (Institut für Biomedizinische Technik, IBMT) in St. Ingbert. He there founded the research conducted in the field of biomedical microsystems for neuroprosthetics, which eventually led to the formation of a neuroprosthetics task force. Since 2004, Prof. Stieglitz has held the chair for biomedical microtechnology at the Department of Microsystems Engineering (Institut für Mikrosystemtechnik ,IMTEK) at the University of Freiburg. His research priorities include the development of biocompatible construction and interconnection technologies as well as the use of microsystems for neuroprostheses and neuromodulation.

current job

CorTec
CorTec

organization founded

1

Thomas Stieglitz

Employee Profiles
5
Martin Schuttler

Martin Schuttler

Chief Technology Officer

Christina Schwartz

Christina Schwartz

Manager Marketing & Sales

Jorn Rickert

Jorn Rickert

Chief Executive Officer

Wolfgang Meier

Co Founder

Thomas Stieglitz

Thomas Stieglitz

Co Founder

Activity

Recent News
1