PARIS-BASED MEDTECH STARTUP LIFEN LANDS €50 MILLION TO BRING HEALTHCARE SYSTEMS INTO DIGITAL AGE
Paris-based Medtech company Lifen which focuses on improving the quality of healthcare by facilitating access to digital innovations that are beneficial to the medical team and patients just raised a fresh fund. However, it comes as the subject startup Lifen confirmed it has landed a €50 million Series C financing round backed by Creadev and Lauxera Capital Partners to expand its eHealth infrastructure on a large scale.
Having laid its footprint in the healthcare space through the digitization of medical reports, which rely on proven technologies that have helped the startup to fulfill the most stringent security requirements. As such, has ensured they guarantee a true connection to health data, secure identity management coupled with the distribution of solutions to healthcare stakeholders.
Over the years, the European Union have made a significant effort in ensuring the safety of citizens health data, and has seen Europe’s healthcare systems under increased pressure, more significantly, is also the rise in chronic diseases coupled with the aging population in tandem with the stagnating number of healthcare personnel. Sadly, this situation has been complicated in recent times notable with the outbreak of the coronavirus pandemic and the resulting negative impact it has had on hospitals and healthcare services.
Based on this development, the company’s co-founder and CEO ‘Franck Le Ouav’ said: “Progress in eHealth requires joint efforts. Each stakeholder is currently forced to deal with the complexities of the entire ecosystem. Lifen offers a solution to this problem, which will boost the digitization of the treatment path”.
It’s evident, healthtech is currently a booming market that is set to grow at a rapid pace, which startup Lifen latest fundraise isn’t just applauding but proof in this trajectory. According to UK’s data in 2020, it reported that the subject industry in the UK saw a record investment of €2.7 billion, which according to global data analysis is understood to be the third most active country in the world with regards to healthcare investment.
To this end, the UK in her wisdom has curbed out multiple initiatives aimed at accelerating digital transformation which has been implemented to positively impact the healthcare system, and this also includes the NHS Long Term Plan in addition to The Future of Healthcare Initiative. But there are concerns over the full realization of the digital transition of a systems’ healthcare, owing to the fact that two factors must be resolved – the cost and the complexity of market accessibility. Hence, Lifen is poised to offer a solution to this complexity through its infrastructure which is structured to bring about better access innovation for doctors, simplified use of digital resources precisely in the care pathway, and rapid integration of eHealth solutions into hospital information systems.
Moreover, the latest fundraise will be used by Lifen to expand its infrastructure in order to help the healthcare sector digitize its data at scale, however, these benefits are believed to be threefold notable for players in this sphere.
Currently, the subject company already has over 600 healthcare facilities among its customers, as the company aims to deploy its technology in more than 1,500 hospitals, in addition to 200 eHealth solutions by 2025. Should Lifen desire such growth! This will mean hiring more than 200 new employees in the fields of technical, product, and business development.
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