Swedish healthtech company Ivbar has received €5 million from the Nordic fund Total Equity.
Ivbar was founded in 2012 by Jonas Wohlin with researchers at the Karolinska University Hospital. It develops technological solutions and analyses data for governments and health care organisations. The company has developed a platform to analyse areas where there is potential for improvement in outcomes and costs for health care providers.
The company will use the new capital to start a commercial launch phase and expand into number of countries, says Wohlin.
Ivbar currently has around 20 employees, and Wohlin says that the company will be recruiting software developers to further develop the platform, as well as staff dedicated to marketing.
Total Equity was founded in 2016 focuses on investments in small and medium-sized companies with the potential to make a positive difference in society.
Read more: Breakit (Swedish)