Seventure Partners is backing two European digital health startups: Machtfit and Push Doctor. The firm participated in Push Doctor’s recent Series B funding round that raised 23.05 million in euros and Machtfit’s Series A round that raised 2.2 million euros. Seventure was the lead investor in the Machtfit financing.
Paris, France – 11 July 2017 – Seventure Partners, one of Europe’s leaders in financing innovation, today announces that it has participated in two financing rounds in Machtfit and Push Doctor, both companies specialising in connected health, reflecting the growth potential in this innovative area. The investments were made from Seventure’s Health for Life Capital™ investment vehicle.
Push Doctor, Europe’s largest digital health provider, solves the issue of timely access to a medical practitioner. UK-based, it connects patients to a network of thousands of qualified GPs, giving them access from any smart device to a doctor in as little as six minutes. Seventure joined Accelerated Digital Ventures, Draper Esprit and Oxford Capital in the £20.21m (€23.05m) Series B round, bringing the total funding for Push Doctor to date in excess of £27m (€31m). The investment will enable Push Doctor to bring new products to market and further expand the Company’s reach.
Berlin-based Machtfit offers an integrated solution for German employees focused on health, nutrition and fitness. It provides an online platform which brings together health providers, including nutritional coaching, fitness studios and personal trainers, with companies looking to promote employee health in the workplace. Seventure was the lead new investor in the €2.2m Series A round.
“The field of health and wellbeing has the potential to benefit hugely from digital technology innovation,” said Isabelle de Cremoux, CEO and Managing Partner of Seventure Partners. “Health for Life Capital is focusing on investing in game-changing technologies in areas which have the potential to change the global health landscape.”
About Seventure Partners
With over €660m in assets under management as of the end of 2016, Seventure Partners is a leading venture capital firm in Europe. Since 1997, Seventure Partners has invested in innovative businesses with high growth potential in two fields: Digital technologies in France and Germany, and Life sciences across Europe, Israel, Japan and North America.
In life sciences, the four areas of focus include biotechnology and pharmaceuticals, connected health and medtech, industrial biotechnology, and last but not least: the MICROBIOME, nutrition, foodtech and personalized medicine. Investments can range between €500k and €10m per round, or up to €20m per company, from early to late stage. Recently, Seventure Partners successfully launched Health for Life Capital™ which has attracted strategic investments from prestigious organizations including Danone, Tereos, Tornier, Lesaffre, Bel and Novartis, as well as entrepreneurs and financial institutions.
For more details: www.seventure.com / Twitter @SeventureP
About Health For Life Capital™
Seventure Partners launched Health for Life Capital™, the first venture capital fund focused mainly on investments in the microbiome and nutrition space. Europe is the primary focus of the fund, but it also invests in North America, Israel and Asia. The €160m fund attracted strategic investments from prestigious organisations including Danone, Novartis, Tereos, Tornier, Lesaffre and Bel, as well as financial institutions and entrepreneurs. Health for Life Capital™ is managed by Seventure’s Life sciences team.
For more details: www.seventure.com
About Push Doctor
Push Doctor is Europe’s largest digital health brand – and began connecting patients to a smart network of thousands of UK qualified NHS GPs in as little as 6 minutes on any device. Providing nine out of ten patients with a resolution during their digital consultation.
Today the brand is evolving to encompass the widest range of medical, health, wellness and lifestyle products / services with the core goal of enabling its customers to live happier, longer lives.
Speak to a GP online at PushDoctor.co.uk or via the iOS and Android apps anywhere in the World, seven days a week, 365 days a year, and receive diagnosis, referral letters, fit for work notes and if necessary, prescription medication. For more information and to see a doctor online, visit www.PushDoctor.co.uk | @PushDr
Machtfit GmbH has created a digital health platform for corporates and their employees and is based in Berlin, Germany. The digital platform pursues the mission to bring prevention programs and health to the people. It informs and engages employees to make better health decisions, guides them to the program, product or provider that best fits their needs, and enables them to book the offer with a few clicks, funded by their employer. machtfit partners with over 4000 health providers in Germany, including Bodychange, Holmes Place, fitbit, freeletics and Weight Watchers.
The digital health-platform also enables employers to communicate and measure their corporate health programs while driving employee engagement with targeted, relevant communications. To date, machtfit works with over 100 companies, including TOTAL Deutschland, Vattenfall Europe, Lufthansa Bombardier Aviation Services, DB Vertrieb GmbH and Gazprom Germania GmbH.