Lindus Health, a London-based research organisation running clinical trials, has achieved a significant milestone in securing $18 million in a Series A funding round, enabling the company to amplify its efforts.
According to the scaleup, the new investment will be channeled towards the expansion and advancement of Lindus Health's end-to-end clinical trials platform that encompasses a diverse spectrum of conditions including depression and diabetes, all the while delivering higher quality data to research sponsors.
The round was led by Stockholm's Creandum, historic backers of Bolt, Klarna, Spotify, Depop, Tide, Trade Republic and Pleo. Additional participants in the round include Seedcamp, Hambro Perks, Amnio Collective, as well as legendary industry figure Peter Thiel continuing his support of the company.
While there's no shortage of startups and scaleups looking to improve the lives of all through advancing the clinical trials process, the financial and working knowledge of the firms choosing to back Lindus signals a strong vote of confidence.
Having already worked with over 20,000 patients across some 80-plus clinical trials in conjunction with the University of Oxford, Cambridge University, Yale University, and AstraZeneca, Lindus Health is now focusing its approach on tackling treatments for menopause, tinnitus, insomnia and childhood myopia.
Lindus Health co-founder Meri Beckwith commented:
“The antiquated clinical trials industry is holding back healthcare. Everyone suffers from the status quo, especially patients, who must wait decades and pay higher prices for new treatments.
"We’re excited to accelerate the pace and scale of our work with high-growth companies who will be responsible for the next wave of breakthrough treatments.This investment will help us achieve our vision of creating a much more agile and productive life sciences industry, for the benefit of all.”
On the investment, Creandum's Fredrik Cassel commented:
“When we first met Michael, Meri and the rest of the Lindus Health team, we knew their approach to disrupting the clinical trials industry would be the right one. With a tech-first, AI-powered, end-to-end offering, Lindus Health is building unparalleled efficiency and quality into what has always been a manual process. We were blown away by the work Lindus is already doing across the US, UK and Europe with stellar customer feedback and references. The potential Lindus has on improving the world’s health is vast and we are excited to join them on this journey.”