Ciara Clancy’s Beats Medical seeks to raise €3m in Series A round

9 Oct 2017

Ciara Clancy, CEO, Beats Medical. Image: Conor McCabe Photography

Exceptional medtech entrepreneur’s start-up opts for sustainable B2B model.

Beats Medical is reportedly seeking to raise €3m in Series A funding as it pivots towards a B2B model.

Ciara Clancy, a physiotherapist, has devised an app that is transforming the lives of thousands of people with Parkinson’s disease all over the world. According to the Irish Independent, Beats Medical has received the backing of a number of angel investors including telecoms entrepreneur Sean Melly and pharmacist Sam McCauley and is now seeking to raise €3m in Series A funding.

Utilising individualised metronome therapy, Beats Medical’s app improves mobility and reduces instances of gait freezing. It also provides users with daily assessments and regular progress reports.

Ireland’s best young entrepreneur

Beats Medical’s app has been available to patients for €1 a day but the company realised that, by selling it directly to hospital groups, it could have a quicker route to reach many more people.

In March of this year, Clancy was awarded the accolade of Ireland’s Best Young Entrepreneur (IBYE) at Google HQ in Dublin. There were 1,800 entrants aged between 18 and 35, and it was Clancy’s revolutionary app that earned her a €45,000 investment fund through the Local Enterprise Offices.

Two years earlier, Beats Medical won Google’s Adopt a Start-up programme and Clancy went on to become the first Irish start-up to present at Google’s demo day last November.

Clancy was also named Laureate for Europe at the Cartier Women’s Initiative 2015. This followed an appearance at Inspirefest that summer, where she gave an insight into what it takes to create a viable start-up during a series of quickfire Ignite talks with other founders.

Inspirefest is Silicon Republic’s international event connecting sci-tech professionals passionate about the future of STEM. Super Early Bird Tickets for Inspirefest 2018 are on sale now!

John Kennedy is a journalist who served as editor of Silicon Republic for 17 years