Healthtech/News/ New €100m fund launches to transform health systems in wake of pandemic The firm’s looking to fund startups in both the European Union and the US, with cheques from €10 to €20m. By Freya Pratty 27 January 2021 \Healthtech Exscientia raises $100m to build automated drug-hunting platform By Maija Palmer 4 March 2021 Healthtech/News/ New €100m fund launches to transform health systems in wake of pandemic The firm’s looking to fund startups in both the European Union and the US, with cheques from €10 to €20m. By Freya Pratty 27 January 2021 A newly created VC firm, Lauxera Capital Partners, has raised €100m for a growth and buyout fund aimed at funding healthtech companies that have thrived in the wake of Covid-19. Lauxera was founded last year and is based in Paris and San Francisco — so the firm’s looking to fund startups in both the EU and the US with cheques ranging from €10 to €20m. Samuel Levy, a physician and partner at Lauxera, explains that the idea for the fund came from revelations brought on by the pandemic. “One of the real revelations that has come out of coronavirus is the fragility of our healthcare systems,” says Levy. “So we’re very interested in identifying solutions that can make hospitals and care delivery more efficient.” The fund follows Octopus Ventures’ announcement of a new healthtech fund this week — worth £100m — which it also says was brought on by the increase in digital healthcare investment opportunities the pandemic has created. Last year, according to Atomico’s State of European tech report, healthtech funding saw the biggest increase in investments of any sector, with an increase of $750m. Lauxera’s fund has already invested in one software service for a German-American hospital — a company which uses augmented reality to try and reduce complications that arise during surgery. The rest of the fund will be invested across all health verticals, Levy says. “We’re interested in software tools for hospitals and clinics: approaches to minimally invasive surgeries that can mean more interventions take place out of the hospital and innovations in the intensive care units to reduce hospital stays,” he says. The fund will invest in both profitable and loss-making companies, and as either a majority or a minority shareholder. It also may acquire whole companies. “We have the possibility to participate in traditional leverage buyouts,” Levy says. “But we’ll only do that in situations where our previous experience from other companies and operational roles allows us to create value.” With offices based in America and Europe, the fund also hopes to bridge the gap between European healthtech companies and US capital markets. “Healthcare innovation knows no geographic boundaries, but needs deep pools of capital and hands-on operational experience to durably change clinical practice,” says Pierre Moustial, another partner at the fund. “The transformational innovation we see in Europe today will ultimately revolutionise medicine in Europe and around the world.” Freya Pratty is Sifted’s news reporter. She tweets from @FPratty Want the best of Sifted in your inbox? Our newsletter brings you the latest, greatest stories on startup Europe. Sign up Terms of Use Related Articles Can a new €445m fund plug Europe’s healthtech funding gap? By Freya Pratty Click here to read more 5 digital health trends to watch in 2021, according to investors Supported by EIT Health Catapult Click here to read more This startup will keep your dead body on ice for €30 a month By Mimi Billing Click here to read more How Roche transformed its approach to rare diseases By Maija Palmer Click here to read more Get the best of Sifted in your inbox By entering your email you agree to Sifted’s Terms of Use Sign up to \Future Proof Sifted’s weekly \Corporate Innovation roundup email By entering your email you agree to Sifted’s Terms of Use Most Read 1 Member \Deeptech 11 European quantum computing companies to watch 2 \Deeptech European companies set to dominate psychedelics market 3 \Venture Capital Is it time for more SPACs in Europe? 4 \Startup Life Can startups grow without venture capital? 5 Member \Venture Capital Who will be Estonia’s next unicorn? Join the conversation Subscribe Notify of new follow-up comments new replies to my comments
5 digital health trends to watch in 2021, according to investors Supported by EIT Health Catapult Click here to read more