ReportAId Secures €2.2M Pre-Seed Funding to Expand AI Healthcare Solutions
Deal News | May 07, 2025 | Legal Community Italy
ReportAId, a startup harnessing artificial intelligence to interpret medical reports into interactive tools for healthcare facilities and patients, has successfully closed a €2.2 million pre-seed funding round. This financing, led by the Italian Founders Fund and supported by prominent investors such as HEARTFELT, Exceptional Ventures, 2100 Ventures, and others, aims to enable ReportAId to expand its team and enhance its presence in the Italian and European healthcare sectors. Legal advisory for this transaction was provided by Simmons & Simmons for ReportAId and Bird & Bird for the Italian Founders Fund. The company's AI solution is already in use at San Raffaele Hospital and being adopted by the Gemelli Isola Tiberina Hospital.
Sectors
- Healthcare Technology
- Venture Capital
- Legal Advisory
Geography
- Italy – ReportAId is expanding its services within the Italian healthcare sector, with involvement from Italian investors.
- Europe – The funding aims to expand ReportAId's presence in the broader European market.
Industry
- Healthcare Technology – The article discusses ReportAId, a company using AI to innovate healthcare delivery.
- Venture Capital – The piece highlights a pre-seed funding round, a critical component of venture capital investments for startups.
- Legal Advisory – The involvement of legal firms Simmons & Simmons and Bird & Bird in advising the transaction underscores the legal aspect of the industry.
Financials
- €2.2 million – Total pre-seed funding raised by ReportAId.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ReportAId | Target Company | Company | A startup focused on using AI to convert medical reports into interactive tools for healthcare. |
| Italian Founders Fund | Lead Investor | Company | Led the €2.2M pre-seed funding round for ReportAId. |
| Simmons & Simmons | Legal Advisor | Company | Provided legal advice to ReportAId during the funding round. |
| Bird & Bird | Legal Advisor | Company | Provided legal advisory services to Italian Founders Fund. |
| HEARTFELT, Exceptional Ventures, 2100 Ventures, Vento, Ithaca, B Heroes, Vesper Holding | Investors | Company | Participated in the pre-seed funding round for ReportAId. |
| Luca Ascani, Enrico Giacomelli, Francesco Zaccariello, Luca Foschini | Angel Investors | People | Provided individual investment in ReportAId's funding round. |
| San Raffaele Hospital, Gemelli Isola Tiberina Hospital | Adopted ReportAId's Technology | Company | Healthcare institutions adopting ReportAId's AI solutions. |