funding

By Tammy Lovell 01:29 am May 13, 2020
Biotech startup ViroTact has secured funding for its portable test that can detect COVID-19 within 30 seconds. Dutch venture capital firm Carduso Capital said it had “given a substantial financial injection to accelerate development and time to market.” According to the Telegraph, funding secured from Carduso and John Molina of U.S. firm Molina Healthcare is thought to value the firm at up to £10...
By Piers Ford 08:23 am May 4, 2020
EIT Health is to fund 14 health innovation projects across Europe in the latest phase of its contribution to the fight against COVID-19. The projects – which have been allocated more than €6 million between them - were selected through EIT Health’s Rapid Response initiative, which aims to fast-track the development of tools and systems that could have an immediate impact on management of the...
By Piers Ford 08:04 am April 15, 2020
The UK Space Agency has joined the effort to support the NHS response to the coronavirus pandemic with the announcement of a £2.6 million fund for the development of hi-tech solutions to some of the most pressing challenges created by the crisis. The fund is a joint initiative with the European Space Agency (ESA) and aims to fund projects that address some of the NHS’s most urgent needs including...
By Tammy Lovell 01:32 am April 1, 2020
London-based startup Air Doctor, has raised a Series A funding round of $7.8 million from Kamet Ventures – the AXA-backed venture builder – and The Phoenix Insurance Company. This latest round follows Air Doctor’s seed round of $3.1 million in July 2018. WHAT THEY DO Founded in 2016, Air Doctor connects travellers who fall sick abroad with local private physicians who are skilled at treating non-...

Left to right: Barnaby Perks, CEO of Oxford VR, and Ash Patel, Optum Ventures principal; Credit: Oxford VR

By Leontina Postelnicu 10:01 am February 12, 2020
British firm Oxford VR has secured £10 million in a Series A funding round led by Optum Ventures, with support from Luminous Ventures. Existing backers Oxford Sciences Innovation, Oxford University Innovation and GT Healthcare Capital Partners also participated. WHAT THEY DO Oxford VR, a spinout from the department of psychiatry at the University of Oxford, was founded in 2017. It builds on two...

Pictured: mediQuo co-CEOs Guillem Serra (left) and Bruno Cuevas (right); Credit: mediQuo

By Leontina Postelnicu 03:25 am February 5, 2020
Barcelona-based mediQuo, maker of a healthcare management app, has announced that it secured €2 million from - unnamed - venture capital investors and family offices, bringing the total funding raised since its launch two years ago to €4 million. The startup has also welcomed Bruno Cuevas, former vice president of global markets at digital marketplace specialist Adevinta (Schibsted), as co-CEO....
By Tammy Lovell 12:29 pm January 31, 2020
Health tech venture-backed investments continued strong in 2019, hitting a record and cementing health tech as the fastest growing healthcare sector, according to a report by Silicon Valley Bank (SVB). The Healthcare Investments and Exits Report predicts that health tech investments in Europe and the US will continue to rise in 2020, driven by provider operations and alternative care companies....
By Laura Lovett 03:04 pm December 19, 2019
Emilio Health, a tech-minded pediatric behavioral health startup, announced a $5 million seed round yesterday. The new cash infusion was led by Oak HC/FT.  As part of the investment deal, Annie Lamont, Oak HC/FT’s cofounder and managing partner, will be joining Emilio Health’s board of directors.  WHAT THEY DO  Emilio is taking a hybrid approach to behavioral health. Its services will include...

Credit: Wingcopter

By Leontina Postelnicu 07:53 am December 13, 2019
We might be seeing more drones delivering life-saving medical supplies as German manufacturer Wingcopter announced today that it landed “seven-digit” financing from Singapore-based Corecam Capital Partners. The exact amount secured was not revealed. WHAT THEY DO Since its founding in 2017, the Darmstadt-based startup’s eVTOL (electric vertical take-off and landing) drones have been used in...

Credit: Chronolife

By Leontina Postelnicu 11:04 am December 12, 2019
Paris-based Chronolife has unveiled this morning the commercial launch of Nexkin, a CE-marked smart T-shirt that monitors six physiological indicators, designed for risk reduction and prevention programmes. The French company has also landed funding from startup studio and investment fund iBionext, French insurance company Adrea and Swiss family office Celeste Management. The amount secured was...