Wellumio targets $8.5m in fundraise for stroke diagnostic game-changer

Wellumio targets $8.5m in fundraise for stroke diagnostic game-changer
Wellumio co-founders (from left) Dion Thomas, Shieak Tzeng, Sergei Obruchkov and Paul Teal. (Image: Supplied)
Staff reporters
New Zealand medical technology startup Wellumio has launched a crowdfunding campaign as part of a larger pre-Series A funding round.It is targeting $8.5 million for the entire raise and is seeking a minimum of $7m. As part of that raise Wellumio is running a Snowball Effect campaign for three weeks from Sept 16 with the goal of raising between $1m and $1.5m.The pre-Series A round is being led by Nuance capital. Wellumio is pursuing a global market opportunity it estimates at more US$8.9 billion, including US$1.5b for the US hospital market alon...