funding

wellness app

Credit: actio

By  Sara Mageit 08:38 am February 19, 2021
Wellness and fitness coaching app, actio has extended its seed round to €10 million with a new investment from fellow Berlin-based venture capital firm Heal Capital. The startup secured a seed funding of €8.5 million from HV Capital and Cavalry Ventures in December 2020. WHY IT MATTERS According to the World Health Organisation, depression is the leading cause of global disability, affecting over...
Wingcopter, drones

Credit: Wingcopter

By  Sara Mageit 06:33 am January 28, 2021
Award-winning manufacturer of eVTOL (electric vertical take-off and landing) drones dedicated to humanitarian initaitives, Wingcopter, has secured $22 million (€18M) in Series A funding. The financing round was led by Silicon Valley-based Xplorer Capital, a key investor in autonomous technologies, and Futury Regio Growth Fund, a Germany-based growth capital fund focusing on investments in...
PatchAi

Credit: PatchAi team

By  Sara Mageit 06:29 am January 14, 2021
Padua-based digital health startup, PatchAi has closed a €1.7 million round led by UV Cap and SFEM Italia, joined by a follow-on investment from Healthware Ventures. This is the third round closed by the startup accelerated in Silicon Valley by Plug and Play, for a total of €2.56 million raised in two years since the founding date. The funds raised will allow PatchAi to expand its business to...
Babylon, funding

Credit: Babylon

By  Tammy Lovell 09:05 am December 22, 2020
UK startup Babylon Health has scored $100 million (£74.5m) in a convertible loan led by Swedish listed fund VNV Global. The new investment is part of the financial round of 2019, which saw the firm raise $550 million (£410m) in Series C funding. VNV Global invested the full $100 million round in Babylon through Global Health Equity, a newly established company within the VNV Global group. $35...
uMed
By  Sara Mageit 11:25 am December 1, 2020
UK-based research technology company uMed has raised £3.7 million to help healthcare providers in the UK and US, including GPs, hospitals and health specialists, run patient research more efficiently while safeguarding patient data and ensuring regulatory compliance. VC investors AlbionVC, Delin Ventures and Playfair Capital are backing uMed’s latest round of funding, along with Silicon Valley’s...
NHS, COVID-19, MediShout
By  Sara Mageit 04:29 am November 24, 2020
London-based digital platform and app, MediShout has closed a £1 million seed round, led by Episode 1 Ventures. Founded by NHS surgeon, Ash Kalraiya, the app was inspired by his experience of procedure delays caused by faulty equipment or not having the right stock. The MediShout app is being used in six NHS hospitals to connect staff, equipment suppliers and service maintenance teams. WHY IT...
Navenio, location tech, NHS

Credit: Navenio platform 

By  Sara Mageit 09:58 am November 23, 2020
UK healthcare scale-up Navenio, has announced a $1.1 million (€845K) investment from Future Planet Capital to help accelerate healthcare efficiency. Navenio aims to use the funds for its intelligent workforce solution, which helps to mitigate infection and cross-contamination in hospitals. Dubbed 'Uber-for-indoors' for its infrastructure-free indoor location solutions, the platform is the...
Medica, Global Diagnostics Ireland,
By  Sara Mageit 06:10 am November 5, 2020
UK teleradiology company, Medica has announced the acquisition of Global Diagnostics Ireland (GDI), the market leader for teleradiology services in Ireland, for an initial cash consideration of €16 million (£14.5 million) from private Irish healthcare group, Centric Health. WHY IT MATTERS This acquisition is in line with Medica’s revised strategy announced in March this year to diversify revenue...
genomics, AI

Credit: Eagle Genomics

By  Sophie Porter 02:47 am October 28, 2020
Eagle Genomics, a medtech company pioneering the application of network science to microbiome biology, has closed a round of $9 million (€7.6m) scale-up funding. The funding was led by the Environmental Technologies Fund (ETF) and a consortium of investors headed by Granpool Innovative Investments and including Albert-László Barabási, bpd partners and Anatom Holding. The funding will allow the...
Sidekick, digital therapeutics

Credit: Sidekick Health

By  Tammy Lovell 02:23 am October 28, 2020
Sidekick Health has completed a $20 million (£15.3m) oversubscribed Series A financing round led by Wellington Partners and Asabys Partners, through its fund SAHII, with participation by existing investors Novator and Frumtak Ventures. The Nordic firm’s fundraising efforts were supported by the EIT Digital Accelerator, a European digital innovation initiative which supports startup and scale-up...