HealthTech Industry Update

Hello <<First Name>>
A government shutdown in the United States and a parliamentary crisis in the United Kingdom have had little impact on developments in healthtech. Innovation continues apace, investments are made, and collaborations are forged regardless.

Read ahead for this week's latest developments

Barry and the GIANT Health team

HealthTech News

2018 record year for VC healthtech funding
Total venture capital funding in health tech hit a record $9.5 billion in 2018, up 32% from $7.5 billion in 2017.

The vast majority of the funding was in the US, accounting for $7 billion of the total, with Californian companies receiving $2.9 billion. Companies across 38 other countries shared $2.5 billion. 

The biggest categories were healthcare IT, mobile health, and telehealth. 
More healthtech from CES 2019

Oticon's Kaizn hearing aids use AI to learn the wearer's listening preferences, habits and environments to predict their choices in a particular sound scenario, and automatically adjust settings.

Withings launched three new wearables, including the BPM Core, which is able to monitor high blood pressure, atrial fibrillation and valvular heart disease.
The Withings BPM Core can detect a variety of cardiovascular diseases in the comfort of your home 

Opportunities for innovators

Go Global Africa 2019
The UK Government's Department for Digital, Culture, Media and Sport is launching a new International Tech Hub Network in 2019, in partnership with the British High Commission in Kenya, Nigeria and South Africa. The hubs are one pillar of a broader Digital Access Programme which aims to catalyse digital inclusion across Africa. 

The Go Global programme will provide startups with enhanced business skills, the opportunity to collaborate with UK startups, and strategies for globalisation. Applications are open to companies that are based in Kenya, Nigeria and South Africa, and have a live product with demonstrable 'traction'. Target sectors include digital health, and other fields aimed 'to create a better future for Africa'.
Tech Nation Rising Stars Grand Final
The Tech Nation Rising Stars Grand Final takes place in London on 5 March 2019. Healthtech startup Vitaccess is one of twenty companies invited to pitch. With offices in the UK and Switzerland, it produces real-time data on how diseases and treatments impact patients’ everyday lives, based on tailor-made apps installed on their smartphones. 

Fundraising in HealthTech

Tyto Care, Israel
  • $9 million
  • Itochu Corp, Ping An Global Voyager Fund, Sanford Health, Shenzhen Capital Group
Tyto Care develops a mobile system for remote medical testing and diagnosis that allows for accurate long-distance interaction between doctor and patient, and for online diagnosis based on real-time tests conducted by a digital stethoscope.

The company intends to use the current funding for global expansion, particularly in Europe and Asia.
Manual, United Kingdom
  • £5 million
  • Felix Capital, Cherry Ventures, Cassius Capital
Manual is a wellbeing platform for men, providing them with the knowledge and tools they need to proactively solve their wellbeing and look after their health.

The funding will be used for the development and growth of the platform. 

Spotlight on innovators

Activ84Health is a young, innovative Belgian company that develops applications to assist elderly individuals in active and healthy ageing. Their Memoride technology allows users to virtually go outside again from within the safety and comfort of an indoor environment and explore the streets where they used to live, went on holidays, or simply allows them to visit new and exciting locations. 
Over 100 care homes and hospitals across Europe already use Memoride to stimulate physical, cognitive and social interaction among their inhabitants. In 2019, Memoride is launching in the UK market: Activ84Health is looking for upmarket care organisations that want to provide the highest possible level of care and quality of life for their customers. 

GIANT Health Event 2019

We're back in London in the autumn to bring together the world's healthech innovators, to make connections, and to forge collaborations.

Tickets go on sale soon.
Mark your diaries!
London, 15-16 October 2019


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