Monitra Healthcare, the 24x7 extended remote cardiac monitoring diagnostic platform, successfully closed its pre-series A funding round. Leading the funding were 91Ventures and Lavni Ventures.

Monitra Healthcare secured $500K in equity funding from 91Ventures and Lavni Ventures, with ACG World, AWE funds, and UHNIs participating. Indian Angel Network supported the company for the third consecutive round. ACG World, AWE funds, and UHNIs also participated.

Monitra's growth phase involves expanding international markets, expanding East India distribution, and expanding monitoring capabilities for biomarkers like brain strokes, oxygen saturation, blood pressure, and respiratory rate.

The company received grants from BIRAC, USISTEF, BIPP, SPARSH, Indian Angel Network, and Belgian VC Fund Nomads, securing funding for its growth.

For this transaction, Key Venture served as the exclusive financial advisor to Monitra Healthcare.

Ravi Bhogu, CEO and Co-founder, Monitra said -

“Monitra Health is currently under the midst of a fast-paced expansion as it plans to accelerate entry into 10 major cities across India, access international markets through regulatory approvals and setting up 24×7 world-class patients monitoring centers in India. This ramp up will be supported by the development of AI to predict the possibility of cardiac disorders at an early stage, increasing the life expectancy of people. With Key Venture having a background in running healthcare transactions, they understood the impending threat of cardiovascular diseases, leading to a successful closure of the round with valuable partners.”