EBS Technologies | Updates

By Ulf Pommerening

EBS Completes Another Financing Round


Dear Companists,

We, the team of EBS Technologies, are pleased to inform you today that we have completed another financing round that included almost all of our existing investors once again.

In July 2015, we opened a D round with our lead investor Earlybird, HTGF, and new private investors, and this round also included a second closing for our third major partner, ILB from Potsdam. ILB recently used this second closing and our additional E round to invest a combined total of roughly €2 million. EBS will receive this €2 million based on specific milestones.

We will use the investment primarily for commercialization. After completing the first complete fiscal year with our entirely new technology and our sales concept in 2015, we are now using the practical experience we have gained for our current planning process. Moreover, we are sure that we will have a network of EBS therapy centers in many regions throughout Germany by the end of this year, which is a major part of the agreed milestones.

Simultaneously, we have agreed on a long-term partnership with our most important development partner, thus ensuring the supply and further development of the EBS technology.

We are truly glad that our shareholders have confidence in our company. Overall, the recent financing package is providing us with a solid base for our company's further development.


Best regards,

Ulf Pommerening


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