TVM CAPITAL LIFE SCIENCE LEADS €23 MILLION SERIES C FINANCING ROUND FOR MEDICAL REPORTING TECHNOLOGY PIONEER, SMART REPORTING

EQS-News: TVM Life Science Management GmbH / Key word(s): Financing TVM CAPITAL LIFE SCIENCE LEADS €23 MILLION SERIES C FINANCING ROUND FOR MEDICAL REPORTING TECHNOLOGY PIONEER, SMART REPORTING 22.04.2024 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement. TVM CAPITAL LIFE SCIENCE LEADS €23 MILLION SERIES C FINANCING ROUND FOR MEDICAL REPORTING TECHNOLOGY PIONEER, SMART REPORTING

Munich, Germany and Montreal, Quebec, Canada, April 22, 2024 – TVM Capital Life Science (“TVM”), a leading international venture capital firm focused on investments in life sciences innovation, today announced the successful closing of a €23 million Series C financing round for Smart Reporting, a pioneer and market leader in the field of medical reporting, particularly in radiology and pathology. TVM led the round, supported by Bayern Kapital and existing investors. The proceeds will be used primarily to expand international partnerships and product development and, in particular, to strengthen the company's market presence in the US, Canada, Australia and New Zealand. Dr. Hubert Birner, Managing Partner at TVM, will join the Smart Reporting Board of Directors, and Stefan Fischer, Managing Partner (Finance), will serve as a Board Observer.

Medical documentation makes up to 40% of a physicians’ daily workload. Previously, this was mostly a manual process. Smart Reporting automates and streamlines this workflow and creates valuable data in the process; this is particularly important at a time when the number of radiologists is decreasing. The company’s groundbreaking medical documentation technology – “SmartReports” – delivers high-quality data in real-time and at any scale. This manufacturer-independent software offers a fully voice-controlled and data-driven documentation solution for doctors that forms the basis for workflow automation and machine-readable data. Smart Reporting thus provides a crucial module for digitalization in the hospital sector. In addition, Smart Reporting recently intensified its partnership with Solventum (formerly 3M Health Information Systems), one of the market leaders in the field of radiology reporting in North America, to further strengthen its presence in international markets. The collaboration provides customers access to additional cutting-edge technologies and innovation that will make radiology reporting even more time-efficient and data-driven. The software is distributed internationally via major healthcare IT partners, including Siemens Healthineers, GE Healthcare and Canon.