3D4Medical, the Irish company that makes apps for medical education and fitness, raised $16.4 million from Malin, which in turn got 38% of the company, along with the option to increase its shareholding to 50 percent.
3D4Medical will use the capital to release a new version of its 3D technology, which has been in development for the last two years.
The company’s flagship app, Essential Anatomy, is a medical reference application featuring male and female models with 11 systems and 8,200 anatomical structures. The app also allows medical students to create customized pins with notes, slice through certain structures using a plane tool, create bookmarks, and take interactive quizzes.
3D4Medical’s other apps tackle a variety of areas like the brain and nervous system, knee, radiology, eye, and spine; and there are also fitness apps such as iMuscle, iDance, and iYoga. 3D4Medical’s more than 20 apps have seen a combined 9 million downloads globally.
“3D4Medical offers Malin a unique asset at the intersection of the technology and healthcare sectors,” Adrian Howd, CEO of Malin said in a statement. “…The mobile healthcare sector is clearly part of the future and we are pleased to add such a quality asset to our overall life sciences focus.”
3D4Medical was launched in 2004 as a medical stock image company, but when the iPad came out they started to offer educational content. The company ended the last year with EBIDTA (earnings before interest, taxes, depreciation, and amortization) of $700,000 on revenues of $4.1 million.