Health startups are in the spotlight as governments around the world struggle to contain the coronavirus pandemic.
Investors are eyeing disruptive firms, with investment in European health startups up 40% year on year in 2020. We asked eight of Europe's top VC investors to pick out the 15 health tech startups they thought were ones to watch in 2020. Health startups that might speed up a medical breakthrough or can make communications easier between clinicians and patients are in the spotlight during the pandemic.
As demand rises, European investors are funneling more cash into health startups. According to figures provided by research firm Beauhurst, investments in European healthtech firms jumped more than 40% between the first quarters of 2019 and 2020 – from $96 million to $140 million. However, the data also reveals larger sums of money are being invested in fewer startups, with the overall number of deals down from 27 to just 19.
With the sector poised for rapid expansion, we asked eight of Europe's top VC investors which health tech startups they thought were ones to watch in 2020 and how they were reacting to the COVID-19 outbreak.KRY, the app that lets you consult your doctor remotely$238 millionKRY's app — known as LIVI in some markets — lets patients book and undertake video appointments with GPs and qualified health professional in a matter of minutes, through either their smartphone or tablet.
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