Nursing technology start-up, IntelyCare has recently announced the completion of their Series B funding round. Totalling $45 million, this large scale investment represents the biggest-ever venture round in Nursing and was led by Endeavour Vision, with participation from Kaiser Permanente Ventures, and Generator Ventures.
Three researchers have been awarded the Nobel Prize for Medicine for discovering the complex processes behind how human cells respond to oxygen. William Kaelin Jr, Sir Peter Ratcliffe and Gregg Semenza’s pioneering work is now paving the way for innovative new drugs to defeat cancer and other diseases.
Ada Health, a free, symptom-checking app created by Berlin-based healthtech company, has become the first health app to be launched in Swahili, a language spoken by over 100 million people across East Africa in countries such as Tanzania, Kenya and Uganda. Harnessing the power of artificial intelligence, Swahili-speaking patients will be able to use the Ada app, a CE-marked and ISO-certified medical device, to input their symptoms in a chatbot-style format and receive a recommended next step in their medical care.
KRY (also known as LIVI), a European digital healthcare provider, has announced a $155 million Series C investment led by Ontario Teachers’ Pension Plan with participation from existing investors Index Ventures and Creandum, as well as Accel. Already operating in Sweden, Norway, Germany, the U.K. and France, the company now has ambitions to move into new markets across the continent.
In January 2020, Octopus Ventures, one of the largest early stage investors in Europe and backers of mental-health-tech company Big Health, published results of new research showing that in 2019, VC investment in mental health technology reached £580 million ($750 million). Their study utilised the latest data from Pitchbook, covering 1,541 companies, 3,779 deals and 3,859 investors to detail an increase in global funding from £120 million ($156 million) in the last six years, with annual deals more than tripling (30 to 105 in 2019).
Wednesday September 25 saw the U.K. launch of a device that has the potential to change the way ultrasound scans are performed. In a nutshell, Butterfly Network‘s technology turns a smartphone into an ultrasound machine, but the catchy tagline is arguably reductive for a company with its sights set on democratizing healthcare for the 4.7 billion people around the world lacking access to medical imaging. Already, the company has raised $250 million investment at a $1.25 billion valuation from the likes of The Bill and Melinda Gates Foundation, Fidelity and Fosun Pharma, demonstrating their global intent.