Venture investment in healthcare nearly doubled in Europe last year, rising from $8.4 billion (€7.4bn) in 2020 to $13.9 billion (€12.2bn) in 2021, according to a report by Silicon Valley Bank (SVB).
The annual Healthcare Investments and Exits report found that healthtech funding in Europe almost doubled from $1.36 billion (€1.2bn) in 2020 to $2.6 billion (€2.2bn) in 2021.
European investment in...
Healthtech startup Lottie raises £2.5M for social care platform
British healthtech startup Lottie has announced £2.5 million funding from Kindred Capital VC bringing the company's valuation to £28 million.
Lottie’s website collects data and insights to help users find the most appropriate care homes in the UK at a fair price.
The new funding will go towards improving the firm’s digital platform...
As 2021 draws to a close, MobiHealthNews consults experts across the EMEA region to find out their vision for the year ahead in digital health.
Filippo Falaschi, investor, digital health and med tech investment management firm Spex Capital
There’s no doubt the pandemic served as a major catalyst in the development and adoption of digital health technologies at speed and scale. Investment figures...
Roche and Microsoft join forces to improve healthcare in Egypt
Roche and Microsoft have signed a Memorandum of Understanding (MoU) to improve patient healthcare outcomes using artificial intelligence (AI) and cloud technology.
The MoU will be implemented in Egypt with a roadmap to roll out the concept across the Middle East, including Egypt, KSA, UAE, Kuwait, Oman, Bahrain, Qatar, Lebanon, Jordan...
A new harmonised regulation on health technology assessment has been adopted across the EU.
The European Commission welcomed the regulation, a deliverable of the EU Pharmaceutical Strategy, which will apply from January 2025.
Work to implement the new rules will start immediately, including the setting up of the necessary governance structure and preparatory documents to ensure effective...
HypnoVR raises €4.5M to accelerate roll-out of digital therapy
French digital therapeutics firm HypnoVR has raised €4.5 million in Series A funding for its virtual reality-based medical hypnosis solution for pain and anxiety.
The round was led by Theodorus, the Banque des Territoires operating for the French state as part of the Investments for the Future Programme, Akiles and Capital Grand...
Swiss healthtech focused private equity firm, MTIP has announced the closing of its MTIP Fund II at $250 million (€221m) in capital commitments.
The oversubscribed fund, which closed above its target of $225 million (€199m), continues its predecessor fund’s strategy of investing in growing and innovative healthtech companies primarily across Europe.
MTIP Fund II is a designated ‘dark green’ fund...
Oncology startup Vinehealth has announced a raise of $5.5 million (€ 4.9m) in seed funding.
The round was led by Talis Capital, with participation from previous investors Playfair Capital and Ascension. A number of angels also participated.
WHAT IT DOES
Founded in 2018 by Rayna Patel and Georgina Kirby, Vinehealth is a digital health platform that aims to improve the quality of life and...
Digital health firm Babylon has launched its artificial intelligence (AI) powered triage tool in Rwanda to further digitise the Rwandan healthcare system.
Babylon, known locally as Babyl, has been delivering digital health services in Rwanda since 2016 and, last year, embarked on a 10-year partnership with the Government of Rwanda to build Africa’s first digital-first universal healthcare system...
Dublin-based medical adherence firm HealthBeacon to go public
Irish medtech firm HealthBeacon has announced plans to raise up to €25 million with an initial public offering (IPO) on Euronext Dublin’s growth market.
The company, which offers adherence solutions for injectable medications, will have a market value of around €100 million at the time of its planned flotation next month.
It expects...
