7 Companies Pioneering Health-Tech AI in Spain
Health-Tech in Spain is booming.
Subscribe: If this newsletter was forwarded to you, subscribe here.
Spain, particularly Barcelona, has always held a special place in my heart. From 2008 to 2012, I called Barcelona home, forging strong friendships with fellow entrepreneurs and investors along the way. Intrigued by the health-tech scene, I decided to dig deeper.
The health-tech startup ecosystem in Spain 🇪🇸 is renowned for its excellence, with a diverse range of companies utilizing AI in areas spanning from drug discovery to virtual reality treatments.
Recent funding initiatives are bolstering the ecosystem, as evidenced by Nina Capital's announcement last February of their third financing vehicle worth €50 million. This fund is dedicated to investments ranging from €200,000 to €2 million in early-stage and Series A ventures. Nina Capital has raised more than 300 million euros in five years.
1. MethinksAI
-HQ: Barcelona, Spain
-Product: MethinksAI primarily concentrates on stroke, which ranks as the second most prevalent cause of death and a significant contributor to disability worldwide. Their primary offering is an artificial intelligence medical imaging software designed to conduct stroke diagnosis, unlocking the potential for stroke treatments from non-contrast CT scans.
-Investment: Methinks has raised a total of €5 million in funding over 3 rounds.
2. Legit.Health
-HQ: Bilbao, Spain
-Product: Legit.Health utilizes computer vision and artificial intelligence technology to facilitate life-saving diagnoses and therapies for skin conditions. Through image recognition and AI-driven recommendations, the company introduces cutting-edge technology to empower both patients and healthcare providers, facilitating improved and expedited clinical decisions.
3. Mediktor
-HQ: Barcelona, Spain
-Product: Mediktor is an advanced AI-based medical assistant that helps patients get the right care they need when they need it. It's backed by solid clinical validation and guides people to the appropriate level of care, making healthcare more accessible and navigation smoother. With its smart AI technology, users can chat naturally in multiple languages. Mediktor's software is versatile and can be seamlessly integrated into various platforms like websites, mobile apps, and desktops. Its clients include health plans, hospitals, telehealth services, and pharmaceutical companies.
-Investment: Mediktor has raised a total of $15.8 million in funding over 3 rounds, investors include Alta Life Sciences, Castel Capital and NAOS.
4. humanITcare
-HQ: Barcelona, Spain
-Product: The system developed by humanITcare strives to offer enhanced patient monitoring, improved data quality, and streamlined protocols for healthcare providers, all without increasing their workload. This AI-driven, evidence-based solution guarantees accessible, efficient, and effective healthcare for everyone, facilitated by a user-friendly API-based solutions.
-Investment: humanITcare has raised a total of €3.3 million in funding.
5. Quibim
-HQ: Valencia, Spain
-Product: Quibim develops innovative tools aimed at unlocking imaging data to enhance patient outcomes. Their primary focus lies in applying AI techniques to medical images obtained from MRI, CT, PET scans, aiming to reveal new insights that can be translated into actionable predictions for life sciences and healthcare providers.
-Investment: Quibim has raised a total of €17 million in funding, investors include Amadeus Capital Partners, Adara Ventures, Apex Ventures, Partech Partners, Crista Galli Ventures, Tech Transfer UPV and Juan Roig.
6. IOMED
HQ: Barcelona, Spain
Product: IOMED creates software for managing medical records with a focus on efficiently organizing clinical data. Their technology harnesses the capabilities of Artificial Intelligence to extract healthcare data from various sources within hospitals. This includes activating data from both structured and unstructured sources, such as handwritten records.
Investment: IOMED has raised a total of €13.6 million. Key investors include Philips Ventures, XTX Ventures, Adara Ventures, EASO Ventures, and Inveready.
7. Idoven
- HQ: Madrid, Spain
- Product: Idoven is a health technology company pioneering early detection and precision medicine solutions for cardiovascular diseases. Through its AI-powered platform, Idoven significantly enhances the speed, consistency, and accuracy of electrocardiogram (ECG) interpretation. Utilizing robust proprietary AI algorithms compatible with existing ECG devices, the company also endeavors to develop biomarkers for patient identification, risk assessment, prognosis, and monitoring drug cardiac safety.
- Investment: IDOVEN has raised a total of €22.5 million in funding. Key investors include Insight Partners and Northzone.
+ Health-Tech innovation is good
P.S. I used some of the following sources to obtain the data for this article:
(1) Crunchbase (2) Adara Ventures (3) Sifted (4) Nina Capital
Other topics you might find interesting 💡📍 5 Startups focusing on Preventive Health
7 out of 10 deaths are caused by Chronic Diseases: heart disease, cancer, diabetes, AIDS or other conditions. 👉 Click here to read the full article.
📍16 Venture Capitalist Backing Microbiome Tech Startups
The Microbiome Tech Investment Landscape. 👉 Click here to read the full article.
The contents of this newsletter have the potential to influence those around you. Feel free to share it.
