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Paris medtech Lifen nabs €50M to bring innovation to the heart of hospitals

Image credits: Lifen

In the past few decades, healthcare has improved drastically – doubling life expectancy, eradicating disease, and much more. 

However, as the population ages, the Global Burden of Disease (GBD) shifts towards Non-communicable diseases (NCD) and Chronic Diseases and Conditions. 

As a result, the pressure on healthcare systems is mounting. To address this challenge, the digital transition of the care system is vital. Here’s where Lifen, a Paris-based healthtech startup, comes into play. 

The French company addresses the challenge by facilitating the deployment of digital infrastructure benefiting hospitals, doctors, and patients. 

Lifen secured €50M

Recently, the medtech company has secured €50M funding from Creadev and Lauxera Capital Partners, with existing investors like Partech and Serena.

The €50M capital will enable Lifen to expand its eHealth infrastructure on a large scale. Further, the company plans to hire over 200 new employees in Europe in the next 18 months. 

The company aims to roll out its technology in over 1,500 hospitals, with 200 eHealth solutions by 2025.

“Progress in eHealth needs joint efforts. While each stakeholder is forced to deal with the complexities, Lifen provides a solution to this problem, which will accelerate the digitalisation of the treatment,” says, co-founder, Franck Le Ouay. 

Bringing healthcare into digital age 

Founded by Alexandre Huckert, Etienne Depaulis, Franck Le Ouay, and Philippe Douste-Blazy, Lifen create digital solutions that enable the healthcare professional to have instant access to the most relevant healthcare data to provide the utmost care.

“We take advantage of the complexity specific to the healthcare sector, and derive all the benefits from it to make our solutions more relevant to healthcare professionals,” says the company.

The company has shown massive growth in France, with more than 600 healthcare institutions using its services to support over 2M patients per month. 

Investors

Based out of Paris, Creadev is a private equity firm that invests in France-based companies. The company is committed to long-term collaboration with passionate, innovative, and human-driven entrepreneurs, who aim to improve large-scale access to the various essential goods and services. 

“We were inspired by the clarity and importance of this venture. Lifen is a crucial stakeholder in the digitalisation sector, working with hospitals to ensure quality care for all. The teams at Creadev are thrilled to help Franck, his co-founders, and his team in this incredible project,” says Yohann Gbahoué, Creadev.

Lauxera Capital Partners is a global investment firm that primarily focuses on HealthTech growth companies. The company is based out of Paris and San Francisco and aims to be a bridge between healthcare innovations in the EU and global customers. 

“We are convinced that Lifen will become a leader in the hospital system digitalisation. As a Tibi-approved investment, and as we transition towards digitalisation of the health sector in Europe, we are pleased to support this French venture,” says Pierre Moustial, Founder and Chairperson at Lauxera Capital Partners.

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