Monday, September 26

6 Germany-based Health Tech Startups Driving Innovation

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As indicated in the European Regional Development Fund (ERDF – or EFRE, in German) programme and cohesion strategy 2021-2027, as well as the German Lander implementation and tendering of this programme, the Healthcare/Life Sciences (HCT) industry is a focus for both the EU and Germany. Horizon Europe, a European Incentive Program for Research and Innovation approved by the EU Council and Parliament and implemented retrospectively on January 1, 2021, following its final acceptance in April 2021, focuses on health-related R&D and innovation. These 6 Germany-based Health Tech Startups are making a move!

Ada Health

Berlin, Berlin, Germany-based Ada Health was founded by Claire Novorol, Daniel Nathrath, and Martin Hirsch. Ada Health is a digital health company that helps users assess their symptoms, offers useful insights, and suggests tangible next steps. Ada’s core system connects medical knowledge with intelligent technology to help everyone actively manage their health, and medical professionals deliver effective care. Ada is proud to collaborate with leading health systems and global non-profit organizations to carry out this vision. Founded in 2011, on February 10, 2022, the company received $120M in Series B funding backed by Farallon Capital Management, Bertelsmann, and Red River West.

Cara Care

Berlin, Berlin, Germany-based Cara Care was founded by Andre Sommer, Dankrad Feist, Jesaja Brinkmann, and Orest Tarasiuk. Cara Care is a digital gut health platform. Cara Care offers an app-based treatment to help patients with chronic gastrointestinal problems. It empowers patients suffering from chronic digestive diseases to enjoy a better life. Cara Care takes digestive health beyond the pill, bringing behavioral, microbial, and nutritional data together. Cara Care is certified as a medical device in Europe. Cara Care was featured in Healthline’s Best Digestive Health Apps in 2020. Cara Care has already helped 700K+ patients worldwide with software-based medical devices. Founded in 2016, on June 13, 2022, the company received $7M in Series A funding backed by Dr. Schar, Johnson & Johnson Innovation, and Asabys Partners.

Mika

Gandolf Finke and Jan Raue founded Berlin, Germany-based Mika. Mika is a digital platform empowering people affected by cancer. According to the German Medical Devices Act, Mika is a medical device. Mika’s mission is to improve the health and well-being of cancer patients. Mika, a digital assistant, accompanies the patient through the therapy and supports him with practical tips, expert knowledge on tumor diseases, and personal recommendations to promote the patient’s health and quality of life. Mika supports connecting other devices (smartwatch, fitness tracker, and health apps) and services to merge all the health data and provide content that oncologists and psychotherapists check. Founded in 2017, on May 9, 2022, the company received €10M in Series A funding backed by Ananda Impact Ventures, Ship2B, EquityPitcher Ventures, and Debiopharm Innovation Fund.

Avi Medical

Munich, Bayern, Germany-based Avi Medical, founded by Christoph Baumeister, Julian Kley, and Vlad Lata, is among the 6 Germany-based Health Tech startups. A digital healthcare company providing telemedicine services, Avi Medical, enables patients to book appointments, manage their health data, and chat with the practitioner. Avi Medical uses data-driven medicine to provide patients and healthcare workers with a streamlined, more modern experience. Avi Medical’s mission is to bring outpatient, general medical patient care into the 21st century. Founded in 2020, on April 6, 2022, the company received €50M in Series B funding backed by Vorwerk Ventures, Picus Capital, Heal Capital, Eurazeo, Daniel Dines, Balderton Capital, Adrian Aoun, Addition, and 3VC.

FORMEL Skin

Berlin, Berlin, Germany-based FORMEL Skin was founded by Anton Kononov, Florian Semler, and Sarah Bechstein. FORMEL Skin offers medical and science-based solutions to effectively treat a broad set of dermatological conditions. FORMEL Skin’s Medical team includes physicians, physician assistants, cosmeticians, and medical students. FORMEL Skin provides medical care to its patients by making diagnoses, writing prescriptions, tracking their progress, and answering their questions online and by phone. FORMEL Skin is also involved in projects to develop new medical products and create social media content. FORMEL Skin’s goal is to provide comprehensive and individualized care to all patients and establish telemedicine in health systems according to current dermatology standards. Founded in 2020, on December 14, 2021, the company received €30M in Series A funding backed by Vorwerk Ventures, Singular, Heartcore Capital, Heal Capital, and Cherry Ventures.

Get Cure

Of the 6 Germany-based Health Tech Startups, Ali El-Ali and Manuel Aberle founded Berlin, Germany-based Get Cure. Get Cure is a consumer health platform. Get CURE connects local pharmacies with customers through its platform and delivers healthcare-related goods directly to the consumer. Get Cure empowers people to order their medications easily and securely online. The Get Cure app allows people to access and order over 3.000 products from their local pharmacies. Get Cure helps pharmacies scale their core business, optimize their digital customer journey and attract new customers. Get Cure’s team consists of serial entrepreneurs, experienced leaders, and investors from the delivery and pharmaceutical industry. Get Cure’s mission is to enable pharmacists and consumers to connect digitally and act on its growing platform. Founded in Nov 2021, on December 15, 2021, the company received $4.7M in Pre Seed funding backed by Abstract Ventures, Craft Ventures, J12 Ventures, and J Ventures.



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