Healthtech
Q1 202411.01.2024

Digital Health

Picture of Shubham Jaipuria

Shubham Jaipuria

at Sifted

Major concerns linger over whether we will have enough health professionals to meet the healthcare needs of growing and ageing populations, given many systems are already at breaking point. Digital health can partially address the workforce challenge, but momentum has slowed. Record investment in 2021 and 2022 totalled $10.5bn, before activity dipped significantly in 2023 with startups only attracting $1.4bn in funding.

Unclear and country-specific reimbursement policies around the continent make scaling across Europe difficult, meaning for now, startups have only been able to crack local markets. Expect further downrounds and consolidation this year, as digital health startups that raised money during the peak of post-Covid valuations run out of cash.

20 most promising early-stage digital health startups

  • MAYD Group logo

    Sifted score

    9.28
    -

    MAYD Group

    Fast medication delivery from local pharmacies

    • Strong investor(s)
    • Serial founder(s)
    • Hiring
    • Year founded

      2021

    • HQ

      Berlin, Germany

    • Latest round

      Series A
      30.9m / Jan 2022

    • Total funding

      44.5m

  • Idoven logo

    Sifted score

    8.88
    -

    Idoven

    AI-powered ECG analysis for cardiovascular health

    • Strong investor(s)
    • Serial founder(s)
    • Hiring
    • Year founded

      2018

    • HQ

      Madrid, Spain

    • Latest round

      Early VC
      2m / Sep 2023

    • Total funding

      25.1m

  • Second Nature logo

    Sifted score

    8.77
    -

    Second Nature

    Personalised weight loss program and support

    • Strong investor(s)
    • Serial founder(s)
    • Hiring
    • Year founded

      2015

    • HQ

      London, UK

    • Latest round

      Early VC
      4.3m / Jun 2022

    • Total funding

      22.0m

  • Resilience logo

    Sifted score

    8.49
    -

    Resilience

    Remote oncology monitoring and support

    • Strong investor(s)
    • Serial founder(s)
    • Hiring
    • Year founded

      2021

    • HQ

      Paris, France

    • Latest round

      Series A
      40m / Jan 2022

    • Total funding

      45m

  • Jutro medical logo

    Sifted score

    8.18
    -

    Jutro medical

    Digi-physical health platform

    • Strong investor(s)
    • Serial founder(s)
    • Hiring
    • Year founded

      2020

    • HQ

      Warsaw, Poland

    • Latest round

      Seed
      6m / Jul 2021

    • Total funding

      7.4m

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