Estonian medtech startup Muun Health raises €545K

Estonian medtech startup Muun Health, which focuses on women's hormonal balance, has raised €545K in a pre-seed round from strategic partner Greiner Innoventures and investor community Better Fund.

Muun Health is developing a wearable sensor that measures female hormones and sends real-time information to an app where the data can be monitored. The company was founded in 2023 in Estonia. Its founder is Kerli Luks, a medical professional with more than ten years of experience working in various hospitals and clinics in Estonia and abroad.

Muun Health said that with this support, the startup will accelerate the development of its products, expand its intellectual property portfolio, and take the next steps toward clinical validation.

The Better Fund is an ESG-focused fund that helps female founders and gender-balanced teams in the Baltic States and Northern Europe access capital to implement ideas that can change the world. The fund was established in 2023 in Tallinn, Estonia.

Greiner Innoventures is a subsidiary of Greiner AG that invests in startups. The fund's goal is to implement sustainable ideas, particularly in the field of circular economy. Greiner Innoventures supports startups by helping them take their business ideas to the next level. Founded in 2021, it is headquartered in Vienna, Austria.