GME German Medical Engineering, a maker of lasers for cosmetic surgery, has completed its $1.3m series A round from BayBG, a venture unit of Bavarian state bank LfA Förderbank Bayern, and from its seed investors.
In December 2011, the company raised nearly $1m in seed funding from a consortium of investors, including state and corporate-backed early-stage investment firm Hi-Tech Gründerfonds and Bayern Kapital, also an investment unit of LfA Förderbank Bayern, and dermatologist and angel investor, Dieter Manstein.
GME produces laser and light technologies for use in dermatology and plastic surgery. Its first product, a laser to treat wrinkles, went onto the market in 2012 after receiving regulatory approval.