100 MILLION EUROS FUND LAUNCHED FOR EUROPEAN HEALTHCARE STARTUPS

HIGHLIGHTS

  • A €100 million fund has been announced for supporting European healthtech startups.
  • Many investors have joined hands to boost healthcare sector in Europe.

In 2020, the French fund Lauxera Capital Partners was launched in Paris and San Francisco. That fund has announced a €100 million fund to support European healthtech (technology in healthcare) startups.

Due to coronavirus pandemic, investor interest in digital technology, particularly teleworking solutions and teleconferencing solutions, the healthcare sector has now become highly strategic for investors. Lauxera Capital Partners Fund has founded by Alex Slack, Pierre Moustial, and Samuel Levy. This fund is meant to improve the European healthcare system. With this latest operation, investors include Bpifrance, Candriam, Compagnie Nationale à Portefeuille, Covea, Financière Dassault, and Tethys. They will finance American and European startups in the healthtech sector.

Although hospitals tried to manage the pandemic as best they could, the difficulties faced by medical community continued even in critical times and did not take any exception to this situation. Fund co-founder Samuel Levy said that coronavirus crisis exposed the fragility of European health systems. Hence, Levy emphasized on identifying solutions that could make hospitals and care services more efficient. The fund also has plans to invest in all other health-related verticals such as minimally invasive surgeries that could help patients to reduce hospital stays.

The fund will invest any amount between € 10 million and € 25 million in profitable startups or unprofitable startups as a minority shareholder or majority shareholder. In some cases, it might even buy out certain companies. The founders of fund said that innovations in European healthcare were more than the innovations in the American healthcare. But investment in European healthcare as nine times lesser. Hence, the fund intended to lend a helping hand to European healthcare startups.

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