Medical diagnostics business raises €4m

German medical technology company LipoFIT Analytic has raised €4m in growth financing from a host of domestic private equity firms.

Backing the Regensburg-based business are SHS Gesellschaft für Beteiligungsmanagement, a growth investor located in Tübingen, Germany; KfW Bankengruppe (ERP Startfonds); and Bayern Kapital.

LipoFIT, a 2004 spin-off from the University of Regensburg, is a medical diagnostics company, specializes in the analysis of hundreds of substances in a wide variety of biological fluids, including, particularly, in high-capacity operation.

The technology LipoFIT has developed use of very strong magnetic fields for NMR spectroscopy (nuclear magnetic resonance spectroscopy), and allows physicians working from complex clinical findings to make quick and finely tuned diagnoses.