The EU digital health start-up landscape
Technology-driven healthcare solutions from telehealth to digital therapeutics have received much attention through the pandemic. We look at the landscape of Europe’s largest players, who have collectively raised over €1.3bn since the beginning of 2019.
The biggest year for funding was 2019 when amounts raised hit €900m, seven times higher than in 2018. Despite increased utilisation, funding total funding decreased to €329m in 2020 and has so far hit €68m in 2021.
However, the 2019 sum is skewed by Babylon’s $550m fundraise and discounting that the sector collectively raised €412m.
Our list includes EU-based booking platforms, telehealth, digital therapeutics, coaching, mental health, telemonitoring and triage/symptom checkers that have raised more than €1m in one round.
It is telehealth that has taken the lion’s share of recent funding, led by Babylon and Kry, plus Doctolib who built in a telehealth solution to its existing booking platform although digital therapeutics, coaching and mental health have started to see significant investments.
We would welcome your thoughts on this story. Email your views to Rachel Lewis or call 0207 183 3779.
