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== Recent Startups (Founded 2020+) == 50 companies founded in the last 5 years {| class="wikitable sortable" ! Company !! Country !! Category !! Founded !! Valuation !! Revenue 2024 !! Description |- | [[Actithera]] || Norway || Medical Devices || ~2024 || β || β || Radiopharmaceutical company developing radioligand therapies for cancer treatment. Radioligand therapy targets cancer cells with radioactive compounds, offering precision treatment with fewer side effects than traditional chemotherapy. |- | [[Dr. Dropin]] || Norway || Telehealth & Primary Care || ~2020 || ~β¬30-50M (β¬19.2M raised) || 24.8M NOK || Private GP platform offering both digital and physical clinics. Democratizing private healthcare access. |- | [[Journalia]] || Norway || AI Admin & Automation || ~2024 || $1M (Sep 2025); est. ~β¬2-5M || 0 || AI platform to free up healthcare professionals' time by automating administrative tasks in healthcare settings. |- | [[Lioness Medtech]] || Norway || Medical Devices || ~2023 || Undisclosed || β || Norwegian medtech company partnering with Hyperfine to deploy portable MRI brain imaging systems in Norwegian hospitals. |- | [[Nolla Health]] || Norway || Preventive & Skin Health || ~2023 || $4.5M (Sep 2025); est. ~β¬5-15M || 0 || AI-powered skin health platform combining AI with real doctors. Offers acne treatment and mole scan/skin cancer assessment via mobile app. |- | [[Noteless]] || Norway || AI Clinical Documentation || 2023 || β¬3.5M Seed (Nov 2025); est. ~β¬5-15M || 3.3M NOK || AI-powered clinical documentation that automatically generates medical notes during patient consultations using speech recognition and NLP. Saves clinicians up to 2 hours per day. |- | [[Acorai]] || Sweden || Remote Patient Monitoring || ~2022 || ~β¬20-40M (β¬4.2M+ raised) || 0 || Non-invasive intracardiac pressure monitor for heart failure management. The device measures pressure inside the heart without invasive catheterization, enabling continuous monitoring of heart failure patients. |- | [[BOOST Pharma]] || Sweden || AI Drug Discovery & Genomics || ~2020 || β¬3.1M+ (Nov 2025); est. ~β¬5-15M || β || Cell therapy for children with osteogenesis imperfecta (genetic bone disease / brittle bone disease). |- | [[Cellcolabs]] || Sweden || AI Drug Discovery & Genomics || ~2021 || ~β¬30-50M ($12M raised) || 16.7M SEK || Scalable stem cell manufacturing to lower global stem cell costs by 90%. |- | [[Dentio]] || Sweden || AI Admin & Automation || ~2024 || ~β¬50-100M (a16z backed) || 0 || AI-powered dental admin solutions β automating clinical documentation and workflow for dentists. |- | [[Loovi]] || Sweden || Women's & Men's Health || ~2025 || β¬1M (Feb 2026); est. ~β¬2-5M || β || Preventive health and longevity platform. Details on product are limited. |- | [[Meela]] || Sweden || Digital Mental Health || ~2024 || β¬2.6M Seed (Jul 2024); est. ~β¬5-10M || 7.5M SEK || Patient-therapist matching platform for mental health. Uses algorithms to match patients with the most suitable therapist based on needs, preferences, and therapeutic approach. |- | [[Neko Health]] || Sweden || AI Diagnostics & Imaging || 2022 || ~$200M (Series A, 2023) || 24.4M SEK || AI-powered full-body scanning for preventive health. Comprehensive health screening in ~15 minutes using proprietary sensors and AI. |- | [[Nyctea Technologies]] || Sweden || AI Drug Discovery & Genomics || ~2024 || Undisclosed; early biotech || β || Swedish deeptech startup bringing electrified purification to drug development to accelerate medical innovation. |- | [[Sakura]] || Sweden || Digital Mental Health || ~2024 || Pre-seed (Apr 2025); est. ~β¬1-3M || β || B2B mental health solutions for employers. Employee wellbeing platform. |- | [[Tandem Health]] || Sweden || AI Clinical Documentation || 2023 || ~β¬250M implied (β¬42.6M Series A, Jun 2025) || 2.7M SEK || AI-native operating system for healthcare providers. Started with clinical documentation, expanding to clinical coding, decision support, and care coordination. Goal: free clinicians from administrative burden. |- | [[TrialMe]] || Sweden || Women's & Men's Health || ~2024 || Undisclosed || β || Fixing the data gap that keeps women out of clinical trials. TrialMe addresses the historical underrepresentation of women in clinical research by developing tools and methodologies to ensure gender-balanced trial participation. |- | [[Hemi Health]] || Denmark || Neuro & Migraine || ~2024 || β¬4M (2025); est. ~β¬10-20M || β || Female-led Danish startup raising EUR 4 million to expand migraine and concussion care internationally. |- | [[Interhuman AI]] || Denmark || AI Admin & Automation || 2023 || ~β¬5-10M (est.) || β || Building the social intelligence layer for AI. Developing AI that understands human social context and emotional nuance. |- | [[Teton.ai]] || Denmark || AI Diagnostics & Imaging || 2020 || ~β¬50-80M (est.) || β || Danish healthtech using AI to make healthcare affordable and accessible. Computer vision-based patient monitoring in hospitals. |- | [[VentriJect]] || Denmark || Remote Patient Monitoring || ~2022 || β¬1.7M (Aug 2025); est. ~β¬5-10M || β || Danish medtech startup that secured EUR 1.7 million to expand its cardiorespiratory fitness monitoring device, the Siesmofit system. |- | [[AIATELLA]] || Finland || AI Diagnostics & Imaging || 2020 || ~β¬5-10M (est.) || β || AI-powered cardiovascular imaging tools. Automates analysis of cardiac imaging to improve diagnosis speed and accuracy. |- | [[Audicin]] || Finland || Digital Mental Health || ~2023 || $1.9M (2025); est. ~β¬5-10M || β || Finnish neurowellness startup that raised $1.9M to scale real-time nervous system technology across apps and wearables. Audicin aims to hack recovery while you work by monitoring and modulating the nervous system. |- | [[Bliss]] || Finland || Digital Mental Health || 2024 || ~β¬1-3M (est.) || β || Albanian-Finnish startup building culturally intelligent AI for therapy. AI understands cultural context and emotional nuance across different cultures. |- | [[MultivisionDx]] || Finland || AI Diagnostics & Imaging || 2022 || ~β¬3-5M (est.) || β || Finnish startup advancing spatial biology cancer diagnostics. Uses AI to analyze tissue samples at spatial resolution for precision oncology. |- | [[Better Medicine]] || Estonia || AI Diagnostics & Imaging || 2022 || ~β¬3-5M (est.) || β || Estonian MedTech developing AI model for kidney cancer detection. CE-certified AI for radiology. |- | [[Torch]] || Latvia || Health Data & Interoperability || 2023 || Acquired by OpenAI for ~$100M (2025) || β || Latvian medical startup building 'medical memory' for AI. Acquired by OpenAI to integrate medical context and patient history into ChatGPT Health. |- | [[Self.co]] || Lithuania || AI Diagnostics & Imaging || 2022 || β¬2.56M (2025); est. ~β¬5-10M || β || Lithuanian digital health startup making allergy and food intolerance testing accessible and affordable across Europe. Addresses the problem of allergy misdiagnosis affecting nearly half of Europeans. |- | [[Caro Health]] || Netherlands || Health Data & Interoperability || 2022 || Undisclosed || β || Dutch AI healthtech startup that partnered with U.S.-based HOPCo to expand AI-driven healthcare solutions across Europe and North America. |- | [[Delphyr]] || Netherlands || AI Admin & Automation || 2023 || β¬1.75M (2025); est. ~β¬3-5M || β || AI platform reducing healthcare administrative workloads by automating clinical documentation and administrative tasks for healthcare providers. |- | [[Fellos]] || Netherlands || Women's & Men's Health || 2023 || β¬2M (2025); est. ~β¬3-5M || β || Dutch men's health startup tackling sensitive issues like erectile dysfunction and premature ejaculation through telehealth consultations. |- | [[Guideways]] || Netherlands || Regulatory & Compliance || 2023 || β¬1M+ (2025); est. ~β¬3-5M || β || Platform that accelerates FDA and CE mark approvals for MedTech companies, reducing the compliance burden that eats up 75% of MedTech budgets. |- | [[Healthplus.ai]] || Netherlands || AI Diagnostics & Imaging || 2023 || β¬2.3M (2025); est. ~β¬5-10M || β || AI-powered health diagnostics platform leveraging machine learning to improve clinical decision-making and patient outcomes. |- | [[OpenUp]] || Netherlands || Digital Mental Health || 2020 || ~β¬80-100M implied (β¬20M round, 2025) || β || Employee mental health platform providing on-demand access to psychologists and mental wellbeing tools for companies across Europe. |- | [[B!LOBA]] || Belgium || Health Data & Interoperability || 2020 || β || β || B!LOBA is a Belgian company involved in data management and health data solutions. |- | [[Mindoo]] || Belgium || AI Admin & Automation || 2023 || β¬5M Seed (2025); est. ~β¬10-20M || β || AI workforce platform automating hospital intake, clinical scribes, and administrative workflows to reduce workload for hospital and medical staff. |- | [[Avi Medical]] || Germany || Telehealth & Primary Care || 2020 || β¬80M+ raised; est. ~β¬200-300M || β || Tech-enabled primary care clinics providing modern, patient-centered healthcare. Operates multiple clinic locations across Germany combining digital tools with in-person care. |- | [[Wellster]] || Germany || Women's & Men's Health || 2020 || Multiple rounds; est. ~β¬30-50M || β || Digital health platform for men's health and chronic condition management, offering telemedicine consultations and treatment plans. |- | [[Mediflash]] || France || Healthcare Staffing & Operations || 2020 || β¬25M+ raised; est. ~β¬50-80M || β || Healthcare staffing platform connecting medical professionals with healthcare facilities. Gig-economy approach to solving hospital staffing shortages. |- | [[Qare]] || France || Telehealth & Primary Care || 2021 || Est. ~β¬50-100M || β || Online medical consultations and telemedicine platform for patients in France. Offers video consultations with doctors, specialists, and mental health professionals. |- | [[Pragmatech]] || Spain || Regulatory & Compliance || 2022 || β¬650k (2025); est. ~β¬1-3M || β || Spanish HealthTech with CE-marked AI software for antibiotic prescribing, helping clinicians make evidence-based antimicrobial stewardship decisions. |- | [[Tucuvi]] || Spain || AI Admin & Automation || 2020 || ~β¬60-80M implied (β¬17M raised) || β || Spanish healthtech that built LOLA, a voice AI assistant for healthcare that automates patient follow-up calls, reporting up to 80% automation of clinical workflows. |- | [[DP Innovations]] || Hungary || Health Data & Interoperability || ~2024 || β || β || Winner of EIT Health InnoStars Awards. Health tech innovation from Central/Eastern Europe. |- | [[Kardi AI]] || Czech Republic || AI Diagnostics & Imaging || 2021 || ~β¬3-5M (est.) || β || Czech medtech developing AI-powered heart monitoring technology. Expanding across Europe. |- | [[Ahead Health]] || Switzerland || Preventive & Skin Health || 2022 || ~β¬10-20M (est.) || β || Preventive healthcare platform focused on longevity and early detection of chronic disease. |- | [[MyWay Digital Health]] || Switzerland || AI Diagnostics & Imaging || 2020 || ~β¬5-10M (est.) || β || AI-powered chronic disease management platform specializing in diabetes. Uses predictive analytics to prevent complications. |- | [[ProVerum]] || Ireland || Medical Devices || 2020 || ~β¬200M+ (est.) || β || Irish MedTech developing a new minimally invasive treatment for benign prostatic hyperplasia (BPH). Largest Irish MedTech raise in 2025. |- | [[MiyaHealth]] || Singapore || Health Data & Interoperability || 2020 || N/A || β || Singaporean health tech building infrastructure for Southeast Asian and European healthcare systems. Focus on interoperability and data. |- | [[Alma]] || US || Digital Mental Health || ~2020 || β || β || Mental health platform providing therapy matching and practice management tools for mental health providers. |- | [[Nyra health]] || US || Other || 2021 || ~β¬50-80M (est.) || β || Digital neurotherapy platform scaling treatment for stroke and dementia patients. Austria loses β¬65B annually to stroke and dementia. |}
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