Digital Health Venture Funding 2023 - Europe

Venture capital funding development in Europe

Digital Health venture capital funding in Europe in 2023 reached over $3.1 billion across 331 deals. This reflects a year-on-year (YoY) decrease of 40% compared to the total venture capital funding in 2022. In comparison to five years ago, total funding decreased by 8.3%.

Bayern Kapital emerged as the leading investor in Europe, injecting a total of $300 million into 8 ventures in 2023.

Regional venture capital funding distribution in Europe

In Europe, United Kingdom represents approximately 38% of all funding, while Germany and France contribute 16% and 11% to the total funding deployed in the region, respectively. Compared to the previous year, funding in United Kingdom decreased by 34%.

Regional venture capital funding distribution by therapeutic area

In Europe, 26% of the funding was allocated to specific therapeutic areas. Ventures with a focus on Disease Agnostic raised a total of $1 billion in 2023, followed by Surgery and Preventive Health raising $407 million and $386 million, respectively.

Last Updated: September 15, 2024

Ventures

Venture	Primary Category	Country	Therapeutic Focus	Valuation	Stage	Current Funding
Epoca	Teleconsultation	France	$ 123.46 B	$ 123.46 B	Series A	$ 10.54 M
Twinical	Decentralised Clinical Trials	France	$ 123.46 B	$ 123.46 B	Seed	undisclosed
1000Farmacie	Consumer Marketplace	Italy	$ 123.46 B	$ 123.46 B	Series A	$ 10.00 M
32Co	Physician / Clinic	United Kingdom	$ 123.46 B	$ 123.46 B	Seed	$ 2.71 M
Abbelight	Medical Imaging	France	$ 123.46 B	$ 123.46 B	Grant	$ 3.76 M
Abbelight	Medical Imaging	France	$ 123.46 B	$ 123.46 B	Grant	$ 2.81 M
Abi Global Health	Teleconsultation	Ireland	$ 123.46 B	$ 123.46 B	Series A	$ 5.01 M
Ablemind	Wellness Apps	Sweden	$ 123.46 B	$ 123.46 B	Grant	undisclosed
Acorai	Remote Monitoring Devices	Sweden	$ 123.46 B	$ 123.46 B	Seed	$ 10.67 M
Acorai	Remote Monitoring Devices	Sweden	$ 123.46 B	$ 123.46 B	Seed	$ 0.10 M

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