# Artificial heart maker Carmat completes 7 million euro capital increase
Author: Pal sinha, Barnali
Author URL: https://startupobserver.com/author/pal-sinha-barnali/
Published: 2023-10-16
Category: Headlines
Category URL: https://startupobserver.com/category/headlines/
Meta Title: Carmat completes 7 million euro capital increase
Meta Description: Artificial heart maker Carmat secures 7M euro funding with financial shareholders. More financing needed to cover operations until October 2024.
URL: https://startupobserver.com/artificial-heart-maker-carmat-completes-7-million-euro-capital-increase/

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PARIS (Reuters) – Artificial heart maker Carmat, whose financial situation has been under pressure, said on Monday that it had completed a 7 million euro ($7.4 million) capital increase with several of its historical financial shareholders.

Carmat estimated it will nevertheless have to secure around 50 million euros ($52.6 million) in extra financing to cover its operations and investments until the end of October 2024.

($1 = 0.9503 euros)

(Reporting by Sudip Kar-Gupta; Editing by Jacqueline Wong)


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