Investor Relations

Next Generation Technology for Novel Therapies

At CorTec, we are more than just a partner!

We strive not only to meet but to exceed customer expectations, transforming the impossible into reality.

With over a decade of expertise in implantables, we pride ourselves on accelerating project timelines to ensure that our customer’s innovations reach the market swiftly and efficiently.

Join us as we continue to push the boundaries of what’s possible for the future of medical devices and for future solutions that will have the power to improve lives worldwide.

Financing

In the fall of 2019, CorTec closed a further financing round, for which a new investor, Santo Venture Capital, the investment company of the Strüngmann family, was acquired. In addition to LBBW Venture Capital, several previously represented investors are participating in the financing round.

In spring 2016 CorTec has closed a series B financing. Mangold Invest could be attracted as a new investor whilst also the majority of the previous investors participated.

In addition to their investment, the company is funded by public subsidies for example from the German Federal Ministry of Education and Research (Bundesministerium für Bildung und Forschung, BMBF) and the European Union. CorTec is involved in several projects with partners from industry and research that contribute to the further development of CorTec’s technology.

Investors

In addition to significant public funding, CorTec has raised 4 rounds of financing.
We proudly introduce you to our current investors.

Mangold Invest bundles the industrial investments of the Mangold family (Stuttgart) under the management of Prof. Dr. Klaus Mangold and Dr. Christoph Mangold. Mangold Invest follows a long-term investment approach in the areas of private equity, real estate as well as agriculture and forestry. All investments are led personally and the management is either directly supported or guided over an active advisory board.

The company is a subsidiary of Mangold Consulting GmbH which was founded in 2003 by Prof. Dr. Klaus Mangold, a former member of the board of Daimler and chairman of the German Committee on Eastern European Economic Relations (Ostausschuss der deutschen Wirtschaft). Since then, the company advises successfully projects of well-known companies in Europe, Russia and Central Asia and has a distinctive network in German industry as well as in the mentioned regions.

M-Invest is a private investment company founded by Bernhard and Tobias Meder. Bernhard Meder also founded MEDER electronic, a company for switching technology operating wordwide which merged with Standex Electronics in 2012.

M-Invest does not consider itself a mere financial investor. The company also supports young enterprises with an innovative business idea in their marketing, business development, establishment of sales as well as other entrepreneurial know-how.
www.m-invest.eu

The KfW Banking Group is Germany’s leading financier of SMEs. It provides companies with long-term investment loans as well as with working capital financing loans.

In addition to this, KfW supports innovative companies with special equity capital programs. With the ERP-Start Fund, it acquires a particular interest in young, innovative, and technology-oriented companies with high growth prospects – always together with private venture capital investors and under the same conditions. Both research and product development and the launch of new products, technologies or services are being financed.
www.kfw.de

High-Tech Gründerfonds invests in young, high potential high-tech start-ups. The seed financing provided is designed to enable start-ups to take an idea through prototyping and to market launch. Typically, High-Tech Gründerfonds invests initially 1 million EUR in the seed stage, with the potential for up to a total of EUR 3 million per portfolio company in follow-on financing. High-Tech Gründerfonds has a total fund volume of around EUR 895.5 million.

Investors in this public/private partnership include the Federal Ministry of Economics and Energy, the KfW Banking Group, the Fraunhofer-Gesellschaft, as well as strategic corporate investors including ALTANA, BASF, Bayer, Boehringer Ingelheim, B. Braun, Robert Bosch, BÜFA, CEWE, Deutsche Post DHL, Dräger, Drillisch AG, Evonik, EWE AG, FOND OF, Haniel, Hettich, Knauf, Körber, Lanxess, media + more venture Beteiligungs GmbH & Co. KG, Phoenix Contact, Postbank, Qiagen, RWE Generation SE, SAP, Schufa, SchwarzGruppe, Stihl, Thüga, Vector Informatik, Wacker and Wilh. Werhahn KG. High-Tech Gründerfonds has about EUR 895.5 million under management in three funds (EUR 272 million HTGF I, EUR 304 million HTGF II, Goal: EUR 316,5 million HTGF III).

https://www.htgf.de/de/

Santo Venture Capital GmbH is the venture arm of ATHOS KG, the family office of the Strüngmann families.

The investment companies of the Strüngmann Family Office pursue a long-term investment approach in the biotech and healthcare sectors.

LBBW Venture Capital GmbH is a wholly owned subsidiary of the Landesbank Baden-Württemberg. It offers venture capital financing for companies in the sectors IT, industrial technologies and life science. In addition to this, it administers the “Seedfonds BW” (seed fund Baden-Württemberg) together with the Mittelständische Beteiligungsgesellschaft Baden-Württemberg GmbH (MBG), specifically financing innovative start-up technology companies from Baden-Württemberg in cooperation with High-Tech Gründerfonds.

www.lbbw-venture.de

The K & S W Invest GmbH mainly works as a seed investor for internationally oriented German companies in the field of medical engineering. Klaus Würtenberger, who was already responsible for shaping the development of Berlin Heart GmbH as chairman and partner from 2001 to 2007, is the CEO of K & S W Invest. Klaus Würtenberger is also an accredited coach for High-Tech Gründerfonds, Bonn, and BWcon, Stuttgart.

Get a Quote

We’re happy to help you realize your next project. Whether it is a complete implantable system design, an electrode or another component.

Please fill out the form below and our sales team will be in contact with you shortly.

SPECIFICATIONS

FEATURE 

Recording channels 

Sampling rate 

Sampling dynamic range 

High pass filter cut-off 

Low pass filter cut-off 

Amplifier band pass gain 

Band pass roll-off 

Reference


Stimulation 

Stimulation channels 

Current 

Current source 

Pulse width 

Power supply 

Wireless data transmission 

Closed Loop latency

VALUE

32 

1 kHz 

16 bit (74 nV smallest increment) 

ca. 2 Hz 

325 Hz 

Adjustable: 100-750 

20 dB/dec 

Any (subset) of the recording channels selectable by software or one dedicated hard-wired additional contact 

Current-controlled, biphasic, rectangular, asymmetric stimulus pulses (cathodic amplitude with pulse width followed by an anodic counter pulse of 1/4x amplitude and 4x pulse width) 

 32 

Max. -6 mA / +1.5 mA (24 µA increments) within

 compliance voltage range of -11 V to +5 V 

Can be directed to any of the 32 electrode contacts 

Negative phase: 10 µs – 2,500 µs

Wireless inductive, 120-140 kHz

Bi-directional, radio frequency in 2400-2483.5 MHz band ≤ 40 ms