Parisian MedTech startup Lifen raises €50 million to bring healthcare systems into the digital age

Lifen, founded in 2015, has secured a €50 million Series C financing led by Creadev and Lauxera Capital Partners to expand its eHealth infrastructure on a large scale. 

The Paris-based company aims to improve the quality of healthcare by facilitating access to digital innovation, benefiting both doctors and patients. The startup has built its success up to now on the digitization of medical reports, based on proven technologies, and fulfilling the most stringent security requirements. This has allowed them to guarantee a true connection to health data, secure identity management, and the distribution of solutions to healthcare stakeholders. 

It’s no secret that healthcare systems are under increasing pressure across Europe, notably due to the rise in chronic diseases and the ageing population in tandem with a stagnating number of healthcare personnel. This has been compounded with the coronavirus pandemic and the resulting impact it has had on hospitals and healthcare services.

Franck Le Ouay, co-founder and CEO, said: “Progress in eHealth requires joint efforts. Each stakeholder is currently forced to deal with the complexities of the entire ecosystem. Lifen offers a solution to this problem, which will boost the digitalisation of the treatment path.”

Healthtech is a booming market that’s set to grow rapidly. In 2020, the industry in the UK saw a record investment of €2.7 billion and it was the third most active country in the world for healthcare investment. 

In the UK, multiple initiatives to accelerate digital transformation have been implemented to positively impact the healthcare system, including the NHS Long Term Plan, and The Future of Healthcare Initiative. However, for digital transition to be fully realised, two obstacles must be resolved – the cost and the complexity of market access. Lifen aims to offer a solution to this through its infrastructure which will lead to better access innovation for doctors, simplified use of digital resources in the care pathway and rapid integration of eHealth solutions into hospital information systems.

The funds raised will enable Lifen to expand its infrastructure to help the healthcare sector digitize its data at scale. For players in the healthcare industry at large, the benefits are threefold: better access to innovations for doctors, simplified use of digitization in the treatment process and fast integration of e-health solutions into hospital information systems.

Lifen, which already has more than 600 healthcare facilities among its customers, aims to deploy its technology in over 1500 hospitals, with 200 eHealth solutions by 2025. To support this growth, they will hire over 200 new employees in its technical, product and business development teams across Europe over the next 18 months.