Howdy Tech.eu readers, we’re delighted to kick off our first ever topic-focused month on your favourite source of information on all things European tech.
With the help of Bayer G4A, one of the largest pharmaceutical companies in the world, we’re going to explore the wonderful world of health/med tech throughout the month of May, shining a bright light on Europe’s most interesting startups, scale-ups, founders, investors and organisations in this exciting space.
To wit, health tech is a really strong and growing business category in these parts. Case in point: while a lot of attention is justifiably given to fintech as Europe’s leading vertical when it comes to startup funding, exits and whatnot, healthcare-related technology is a solid number two.
As the graph below depicts, we’ve tracked more than 9 billion euros worth of investment going to health tech/medtech startups and scale-ups from 2015 to 2018, putting the vertical way ahead of other popular business categories like transportation/mobility, cybersecurity, food tech and fashion tech.
The same trend is visible when you look at the investments we tracked in the 5 biggest tech ecosystems in Europe (the UK, France, Germany, Spain and Sweden):
And in fact, in Sweden health tech was the biggest investment focus in 2018, and in France it was #2 but ahead of fintech:
We predict that trend to continue; our data also shows most of the funding that went to scale-ups (or ‘growth startups’ that have passed the early stage in their business journey) went to fintech companies in the period 2016 to 2018, but also there health tech was a solid number two in the ranking:
What you can expect from Tech.eu this month is data-driven insights, medtech startup founder interviews, health tech company profiles, special attention to the vertical in our podcast, and more (on top of our usual coverage, of course). Stay tuned!
We’re open to repeating this in months to come; we’re already actively exploring more partnerships with companies in certain verticals, but do let us know if you have any good ideas on who we could work with for a topic-focused month in the future.