Excitus AS, a medical device company in Stavanger, Norway raises 7,4 MNOK in August 2020 to further develop and commercialise the handheld suction device for pre-hospital use. This adds to the previously raised 10,9 MNOK in convertible note and soft funding in 2020.
Total raised for 2020 is 18,3 MNOK excluding the 5,2MNOK in in-kind from development partners.
“This financing will allow Excitus to gain further traction in the civil pre-hospital market and be able to industrialize our handheld suction device providing physicians and paramedics the long wanted suction device with a reduced risk of cross-contamination. The market is lacking a small and portable suction device with high performance and no spillage of infectious fluids.” said one of the founders of Excitus Per Reidar Ørke
About Excitus AS
Excitus AS is a privately-held Norwegian company focused on advancing pre-hospital lifesaving. The new suction device is the first electrically powered suction device that allows the paramedic to dispose of everything that has been in contact with patient air and fluids, thus reducing the risk of cross contamination.
Note: The suction device is under development and is not approved or cleared by the FDA, MDD or any other regulatory body in any parts of the world.