HeartKinetics
The business, the turning points, and the decisions behind them.
Some sections are still being researched1 / 4
Sections to complete：05
01 / WHAT IT BUILT
What the company did
HeartKinetics, created in June 2019 as a spin-off from the Cardiology department of the Université Libre de Bruxelles (Charleroi, Belgium), developed the Kino-cardiograph (Kino): a non-invasive, cloud-connected monitoring solution born from over 10 years of ESA-funded research on astronaut cardiac function in space. Kino combined rhythm, cardiac strength and hemodynamic assessment — covering both the electrical and mechanical function of the heart — for daily at-home monitoring of heart failure patients. The Kino won the 1st Prize of innovation at the European Society of Cardiology.
02 / HeartKinetics FAILURE REASONS
Failure factors
CEO Pierre-François Migeotte LinkedIn post (opened, ~Mar 2024) stated HeartKinetics faced insurmountable challenges raising new investors and that the demanding medtech fundraising climate was an insurmountable obstacle leading to bankruptcy.
insurmountable challenges in its quest for new investors; medtech fundraising landscape an insurmountable obstacle.
current economic landscape particularly demanding for fundraising in medtech.
03 / EVENT HISTORY
Events in the structured record
- Bankruptcy
/KBO: HEARTKINETICS NV (0728.461.387) legal situation Opening faillissement; Belgisch Staatsblad publication 1 Mar 2024. CEO LinkedIn confirms bankruptcy reality.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
Material for this section is being gathered and checked. It will appear here once ready.