HealthTech Nordic

Kara Connect raises €1.5m to expand in Scandinavia

HealthTech Nordic member Kara Connect recently announced a €1.5m (180m ISK) funding round led by Crowberry Capital, with participation from individuals. Kara Connect is a business and communications platform that allows professionals to easily connect with clients, improving access to professional healthcare and extracurricular educational services.

“Kara plans to revolutionize access to health services and therapy,” says Jenný Ruth Hrafnsdóttir, GP at Crowberry Capital who takes a seat on the board of directors of Kara. “The company has already shown amazing traction and great results with speech therapists who are using the Kara platform. We believe that Kara Connect is on trend and the founding team is passionate about building a global business.”

The funding will allow Kara Connect to expand into Scandinavian markets.

“Our goal today is to break into sales and marketing in Scandinavia, as well as developing the Kara software even further,“ says CEO and founder Thorbjorg Helga Vigfusdottir.

The company is founded in Iceland, and have already seen more than 1000 Icelandic clients complete more than 9000 hours of teletherapy sessions with dozens of specialists through Kara Connect.

Kaiku Health raises €4.4 million to accelerate growth

HealthTech Nordic member Kaiku Health has closed a €4.4 million funding round led by Swiss biopharma company Debiopharm and Finnish VC Tesi. Kaiku Health will use the funding to grow internationally and to conduct several clinical trials validating their digital therapeutics offering.

“We have seen the significant positive impact our patient monitoring platform can have on people’s health”, comments Lauri Sippola, Kaiku Health CEO and Co-Founder. “This funding allows us to provide our platform to a growing number of healthcare providers and patients internationally. It is important that our investors also bring an extraordinary understanding of healthcare, life sciences and digitalization.”

Kaiku Health is analyzing real-time health data in several medical fields, helping doctors to evaluate the effectiveness of therapies and to detect and treat health problems early on. The company’s monitoring platform is used in routine care by over 64.000 patients in Europe who thus receive more personalized care and support. Kaiku Health’s headquarters are located in Finland but the company also have offices and operations in several other Europas countries.

Flow Neuroscience raises USD 1.1M to develop device to treat depression

Flow Neuroscience, a Skåne-based medtech company and member of HealthTech Nordic, is developing a new treatment for depression which includes a headset and mobile application. They have now secured a $1.1 million seed round from Silicone-valley based Khosla Ventures, among others.

The funding will enable Flow to complete the regulatory process, get its first product approved in the EU, and grow its team.

Major Depressive Disorder (MDD) – commonly known as depression – is a mental disorder affecting around 21M people in Europe and 350M worldwide (4,7% of the world population). Depression is the costliest brain disorder in Europe and in addition, most cases of suicides can be attributed to depression.

“We want to stop this epidemic by offering a solution that is not only effective, but holistic, safe, and that patients can use at home or anywhere,” said Flow Neuroscience’s CEO and clinical psychologist Daniel Månsson.

“Depression is a global health issue of enormous impact. Scalable technologies that can help treat sufferers in their own homes could be a huge benefit to both quality of life and decreased disability. The Flow Neuroscience team combines a deep knowledge of cutting edge technologies with human design sensibilities and adds to that a great practical experience in mental health. We look forward to working with the team in helping people around the world struggling with depression,” said Alexander A. Morgan, MD PhD, Khosla Ventures.

HealthTech Nordic Investor Forum

October 25, 14 selected Nordic startups with world-class scalable solutions within the area of HealthTech and strong international ambitions and 17 European investors with interest in the HealthTech will meet at the HealthTech Nordic Investor Forum.

The event has been created with the aim of establishing relevant contacts between selected startups and healthtech investors, establishing fruitful relationships that can lead to funding for growth. It will provide a day of intense networking, with a combination of investor and startup pitches, one-to-one meetings and networking sessions.

October 25, 2017
10 AM – 5 PM, followed by food and networking

Sahlgrenska Science Park
Arvid Wallgrens Backe 20 (Biotech Center), Gothenburg, Sweden

It is a closed event “by invitation only” providing for focused discussions in a smaller group. The activity is partly financed by Interreg Öresund-Kattegat-Skagerrak, European Regional Development Fund. 

More information >>

Nordic HealthTech pioneers at Health 2.0

October 1-4, visitors to the Annual Health 2.0 Fall Conference in Santa Clara, CA will be able to meet some of our high potential startup members, demonstrating a variety of HealthTech solutions in the Nordic stand.

The Nordic region is an agile hub for tomorrow’s HealthTech solutions. Seven HealthTech startups hailing from the Nordics are to exhibit at Health 2.0, a leading venue of cutting-edge innovations that are transforming health and healthcare today.

Participating startups members: 1928 Diagnostics, AddMovement, AppInMed, Dossier, DrugStars, FlowVR, Lytics, and Next Step Dynamics

HealthTech Nordic and Nordic Innovation House have brought together the delegation of startups. Nordic Innovation House is a soft landing space for Nordic startups in the heart of Paolo Alto, offering location, connections and go-to-market programs.

The effort at Health 2.0 is the first in a row of activities aiming at giving the startup members, ready to scale internationally, an opportunity to explore the US market. Health 2.0 offers networking with the most influential health care providers and developers, meeting venture capitalist, taking part in live product demos, and learning from experienced advisors.

– Together we’re increase the competiveness of Nordic HealthTech startups, and put the Nordics on the global HealthTech map, says Marianne Larsson, Director HealthTech Nordic.

If you will be at Heath 2.0, come by the Nordic stand and don’t miss Lunch & Learn: Nordic HealthTech on October 2. Marianne Larsson and participating startups will give you insight into health care solutions inspired by, and feeding into the innovative Nordic health care systems.

HealthTech Nordic is partially financed by Interreg Öresund-Kattegat-Skagerrak, European Development Fund.

HealthTech pioneers unite at community meeting

August 24-25, more than 80 pioneers in the field of HealthTech gathered at the very first HealthTech Nordic community meeting. Brave pioneering entrepreneurs met each other and pioneers on the healthcare market, experienced and generous industry representatives and legal experts during this two day meeting focusing on the Nordic market, international scaling, data protection and regulatory navigation. We’re so happy for all the aha-moments. Thank you all who participated!

Join the Nordic Delegation at Health 2.0 in Silicon Valley

Are you interested in the HealthTech scene in the US and want to showcase your innovations to a wide audience, join us at the Annual Health 2.0 Fall Conference. You can be a part of hundreds of live product demos and network with the most influential healthcare providers and developers.

Nordic Innovation House and HealthTech Nordic offer a special opportunity for qualified startups from the Nordics to participate in Health 2.0. You should join us at the conference if you are interested in the HealthTech scene in the US and Silicon Valley and if you want to showcase your own innovations to a wide audience.

The Nordic Delegation program includes the following:

  • 2-daypre-conference program with workshops and mentoring designed to lower the barriers for Nordic startups in the US market, as well as a post-conference closing session.
  • Demo your products at the Nordic Pavilion booth at the Health 2.0 exhibition area.
  • Conference passes at a highly discounted rate.
  • 10 best companies willget an opportunity to pitch at the conference.

Larger organizations and early stage startups are also encouraged to attend the conference and get a taste of what the future looks like in HealthTech and how to work with startups.

More information and registration >>

The Nordic HealthTech Pioneers at Vitalis

HealthTech Nordic and 17 startup members from Sweden, Denmark and Norway will exhibit at the largest eHealth event in Scandinavia, Vitalis. Visit the HealthTech Nordic booth B07: 34, and discuss and test innovative HealthTech solutions.

The participation at Vitalis April 25-27 is a joint venture within the framework of the HealthTech Nordic project, aiming to increase the competitiveness of Nordic HealthTech startups, and their visibility on the market, giving health care providers access to the wide range of suppliers and digital health services. In addition, it’s an opportunity to present examples of how public health actors have dared to think differently and inspire new approaches. The participation at Vitalis is made possible with the financial support of Interreg Öresund-Kattegat-Skagerrak.

Vitalis attracts more than 3 600 attendees with the shared aim of building their knowledge and improving tomorrow’s health care.

– This is an opportunity to make our mark at home and show the strength of the Nordic HealthTech flora trough a selection of high potential startups, demonstrating some of the most interesting digital health services at the moment. We’re looking forward to extend our network and dialogue with healthcare provides, says Marianne Larsson, Director of HealthTech Nordic.

– In healthcare it’s extremly important – more than in any other space I know – to connect and meet with the stakeholders of the future ecosystem. Vitalis is an excellent place for up-comming healthtech companies to do this, says Jon Friis, Founder and CEO at Miiskin, one of the status presented in the HealthTech Nordic stand.

The participating startups are:

AppInMedAttensiCheckWareContinYouDamanLearning to SleepMiiskinMINJAPPMOON FertilitySidekickHealthTummy Lab, and Next Step Dynamics

See you in stand B07: 34!

Other HealthTech Nordic startups at Vitalis:

Arthro Therapeutics, booth B06:32
Coala Life, booth B08:06
Cross Technology Solutions, booth B09:02
Min Doktor, booth B02:40
Medanets, booth B02:20