Barcelona’s healthtech startup ecosystem is in great shape. In truth, there are at present about 200 healthtech startups in the region, with 19% having reached superior levels of funding (collection A, B, C).
The Catalan capital, which is ranked eighth on the planet for its commonplace of healthcare, also boasts 4 of the 10 greatest hospitals in Spain. Furthermore, the area is residence to a number of the largest pharmaceutical corporations in Spain, together with Almirall, Esteve, Grífols and Uriach, as well as many worldwide corporations akin to Synthon, Novartis, Merck, Sanofi and Boehringer-Ingelheim.
Along with that, associations such as the Barcelona Well being Hub, organisations like IQS Tech Manufacturing unit and Ship2B (Tech4Health program), or the life-science-focused crowdfunding platform Capital Cell have all been serving to the native healthtech startups develop and prosper over the past years.
On this article, we’ll spherical up 14 of the perfect Barcelona-grown healthtech startups which are helping Barcelona make a name for itself inside the international healthtech business.
- 1 The massive players
- 2 The ones-to-watch
- 3 The newcomers
- 4 The Exits
- 5 The analysis
The massive players
Psious is a Digital Actuality Remedy smartphone app, based here in Barcelona. The app makes use of behavioral well being and digital reality know-how to treat nervousness issues, fears and phobias. It also promotes the apply of mindfulness and rest methods. The app helps patients overcome circumstances such as the worry of flying, acrophobia, claustrophobia and agoraphobia, utilizing digital actuality workouts.
Because it was based in 2013 by physicists Daniel Roig and Xavier Palomer, Psious has raised €9M in funding. This yr’s €8M funding round was co-led by Sabadell Asabys, Caixa Capital Micro II, and Caixa Capital Tic II, and follows a previous €1M funding spherical in 2016. The Catalan company plans to make use of this capital for geographic enlargement, both inside Europe and globally.
Devicare is a pacesetter in continual patient care options. The Barcelona-based company focuses on creating options for the analysis, prognosis, remedy and monitoring of persistent illnesses. With a specific concentrate on continual illnesses that can be controlled from the sufferers’ house as a way to enhance quality of life, the company additionally gives a mentoring service supported by an area group of specialists and nursing employees.
In December 2017, Devicare signed a participative mortgage value €2M from the Innova International line by Avançsa. In Might 2018, it raised €3M in seed funding to deliver remote affected person monitoring units to medical trial. The company, founded by Rosenda Garganta, has raised €6.7M in complete since its founding in 2012, with the newest investment stemming from a €1.6M crowdfunding spherical by means of the Capital Cell platform.
Based by Alberto Porciani and Lorena Bassas in 2012, Prime Docs is an internet medical platform that helps connect patients with the most effective docs and medical facilities within the US, Europe and Latin America. The firm, with its headquarters in Barcelona, represents greater than 60okay of the world’s prime physicians and reaches greater than 1M users on its website each month.
Prime Docs last raised €3M in 2017 which was led by Addventure, bringing the whole to €four.6M raised in funding thus far. With the newest funding, the startup intends to break into new markets and continue creating new technologies.
Positioned as the WhatsApp of drugs, MediQuo is a medical consultation app that permits customers to talk with docs and specialists, 24 hours a day. Users can converse with a specialist physician and obtain an immediate response inside 2 minutes.
Based by Guillem Serra in 2013, MediaQuo secured a €1.5M seed spherical, led by VC firm Target International in October 2018 and has raised a total of €four.5M up to now. With free, unlimited consultations, users can trade photographs, diagnostic exams and medical types with docs to facilitate analysis. MediQuo has reached greater than 145,000 medical consultations, with a four.5 out of 5 app score from users.
Mediktor, the one clinically-validated symptom checker for pre-diagnosis, triage and decision-making help, was based in September 2011 by Oscar García-Esquirol. The know-how combines AI, NLR and patient knowledge to detect symptoms and recommend attainable circumstances and proposals.
With the goal of supporting the commercialisation of the AI software in the North American market, the Barcelona-based company raised €3M in Collection A funding in December 2018, which was led by Alta Life Sciences Spain I FCR.
The company, which also has an workplace in New York, is collaborating in an alliance with Hospital Clínic in Barcelona, making the platform the one one clinically validated worldwide, with a hit price of 91.three%, as confirmed in medical trials.
Headquartered in San Francisco with workplaces in BCN, Medtep is an answer that permits docs to watch sufferers by way of an internet device that tracks medicine adherence, signs, physical exercise and other parameters. The answer, which could be customised for numerous circumstances, is free for sufferers and docs.
Founded in Might 2011, the corporate closed a €1.75M investment from numerous buyers in July 2015 when it moved its Headquarters to Silicon Valley. Medtep has nevertheless stored its improvement, product and advertising teams in Barcelona. The staff is presently creating totally different enterprise fashions, including a subscription-based model that may cost customers a small monthly payment to use the software program.
Mowoot is a non-pharmacological and non-invasive answer for individuals struggling with persistent constipation. With a wearable gadget, users receive an automated colon-specific therapeutic massage just like the guide stomach therapeutic massage administered by well being professionals.
Mowoot, created by Barcelona-based startup usMIMA in 2015, emerged from the MOEBIO dHEALTH program and lately completed a crowdfunding marketing campaign to efficiently increase €400Okay on the Capital Cell platform. This brings the whole quantity to €1.5M in funding raised thus far. Greater than 1,000 models of Mowoot have been bought in nations together with Spain, the UK and Germany.
The startup motivating staff to stay more lively life, Barcelona-based WeFitter helps corporations scale back healthcare prices by means of gamification and health monitoring knowledge. Based in April 2015, the well being answer aggregates real-time knowledge from well being and fitness apps to provide an entire view of an individual’s well being, enabling well being insurers to scale back healthcare costs and improve profit margins.
WeFitter secured €260Okay in funding from Wellness Holding, the owner of TechnoGym, in 2015 whilst a seed funding spherical of €130Okay in 2018 introduced the whole raised to €710Okay. The startup has been reported to be getting into the American and Finnish fitness markets as their consumer base continues to develop.
Barcelona-based IOMED provides a number of solutions that apply synthetic intelligence to medical knowledge to be able to generate predictive algorithms. Based in Might 2016, IOMED was born out of a frustration relating to the necessity to manually analyse medical data. Its suite of instruments rework info found in written medical data into structured knowledge that may then be more easily analysed. Hospitals can then use that knowledge to reinforce leads to medical research procedures like medical trials and studies.
The company raised €500Okay in capital from a seed funding spherical in 2018, which was led by EASO Ventures, the new fund managed by Inveready, with participation from Pioneers Ventures and enterprise angels. With this funding, it intends to increase its construction and implement its know-how in new areas.
Though registered within the UK, most of Diagnost’s staff is predicated in Barcelona. Diagnost provides quite a lot of exams to look at the body as an entire and allows users to realize insights into their health by assessing particular areas corresponding to cognition and mood, weight administration, sleep stability, sexual efficiency and the cardiovascular system.
The startup was founded this yr by Harvard Enterprise Faculty graduate Tatiana Bakunina, worldwide skilled in preventive drugs and anti-aging therapy with a monitor report of greater than 20 years in medical innovation, including 10 at Johnson & Johnson Medical Corporation as VP of New Enterprise for EMEA, and it’s already amassing a consumer base of health-conscious people that need to be proactive in preventing the opposed effects of getting older.
Medlia Health digitalises care management and improves efficiencies by way of its 360° cloud-software answer. The online symptom-checking platform was founded by Patrick Freeman and Pablo Moga while meeting at AXA International Healthcare in 2017. By providing medical clinics with trendy management software program, but in addition integrating that software program with telemedicine, Medlia improves patient engagement and persistent care management.
This startup gained second prize within the Ibero-American Awards for Entrepreneurship and Innovation of the Health Sector Go Well being Awards and data no investment so far. With a B2B business mannequin, Medlia targets small and medium-sized medical clinics that have to digitalise.
Pharmacy Mentor was founded by Saam Ali in 2016 here in Barcelona and is a distinct segment advertising agency that helps the pharmacy sector communicate with their patients and clients better. Constructed single-handedly however with a contract workforce primarily in the UK, the company now caters for pharmacies in the UK, Spain and Portugal. As well as executing advertising strategies, the company is closely concerned in the digital transformation of pharmacies, enabling them to raised serve a digitally-consumed inhabitants.
Barcelona-based startup Doctoralia merged with DocPlanner in 2016, creating the most important online well being platform on the planet. Initially founded in 2007, the Doctoralia healthcare platform connects customers with their local healthcare and medical providers in over 20 nations.
DocPlanner raised $20 million in Collection C financing, led by Target International, simply earlier than acquiring Doctoralia. Because of the merger, the 2 corporations can be present in 25 nations, with a mixed distinctive consumer rely of 17 million and collectively will hold the most important database of healthcare professionals on the earth.
PromoFarma is the leading on-line market of shopper health and wellness merchandise and founded in Barcelona in 2010, earlier than being acquired by Zur Rose Group AG. The company allows clients to purchase the perfect magnificence, baby and well being merchandise from a whole lot of pharmacies and different health retailers.
In response to La Informacion, PromoFarma was acquired by Zur Rose for greater than €40 million in August 2018. PromoFarma.com was recognised by Actualidad Económica as one of many Best Spanish Startups for its innovation, expertise and youth in 2015.
Barcelona’s capacity to attract worldwide expertise, as well as its rich startup ecosystem, make it the right place for starting a new enterprise within the healthtech business. As extra money is invested into health industries, all eyes are on Catalunya and its promising, healthy future.
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