Category: Health Tech

• Health tech interviews provide insights from global experts on digital healthcare priorities and innovations, including discussions with professionals from Australia, France, and New Zealand.
• Recent strategy developments include Australia’s plans for a structured data-rich ecosystem and Nova Scotia’s app expansion for X-ray results access.
• International funding highlights feature a $20 million donation to the Mayo Clinic for generative AI cancer risk tools and a merger in Spain aimed at enhancing AI-based healthcare solutions.

• Health Tech Funding announcements in July highlighted significant investments in various companies, including Flo Health, HarmonyCares, Spring Health, Headway, and Thyme Care.
• Flo Health secured $200 million in Series C funding to enhance its women’s health app and expand into new user segments, raising its valuation beyond $1 billion.
• HarmonyCares also raised $200 million to improve home-based primary care services for high-risk patients, aiming for market expansion and technology development.

• Vienna-based XUND, a health tech scale-up, secures €2M in extended Seed funding round, bringing total funding to €8M
• New investor Thieme Group joins existing investors MMC Ventures and MassMutual Ventures in funding round
• XUND collaborating with Thieme Group since 2020 to enhance patient communication and health literacy
• Funds to develop Medical Large Language Models for personalized medical content dynamically
• XUND’s AI-powered health assistant aids in symptom and risk assessment, catering to healthcare companies for digital interactions

Xund Secures €2M in Extended Seed Funding Round

Austrian health tech scale-up Xund has recently made waves in the industry by securing an additional €2M in an extended Seed funding round. Read more

• Health Tech sector hiring remains robust, with a projected increase of 15-20% in 2024
• Indian digital healthcare sector benefits from increased health awareness, telemedicine growth, and technological innovation
• Despite a ‘funding winter’ in 2023, Health Tech sector saw a 74% employment surge in the past two years
• Gender diversity in the sector is notable, with women constituting 24% of the workforce and 18% in executive roles
• The sector anticipates regaining momentum in 2024, with a surge in demand for skilled professionals

Health Tech Hiring Trends in 2024

In the ever-evolving landscape of the healthcare industry, the role of technology has become increasingly prominent. Read more

• A new health tech fund, the Special Opportunities Fund, has been launched to invest in impactful innovations.
• The fund’s first investment is in Braingaze, a tool that uses eye tracking to diagnose ADHD quickly and enable drug-free treatment.
• The fund is a collaboration between charity Future Care Capital and investment fund manager RYSE Asset Management.
• The goal of the fund is to support early-stage companies that can address challenges in healthcare delivery systems and improve patient outcomes.