investment

The company will expand its network and platform and increase R&D investments.  

Health tech companies raised nearly $40 billion last year, according to Silicon Valley Bank's Healthcare Investments and Exits Report. IPOs were also up, but those companies didn't fare as well in the public markets.

Funds will be used to expand further and strengthen the startup’s medical network.

The initiative will aim to attract up to £100m in investment by 2030 to support these efforts. 

Report predicts growth will be driven by provider operations and alternative care companies.

Industry players examined the intersection of sex, tech, health and pleasure at the Giant Health event in London last week.

Also: The European Commission plans to select new members for the eHealth Stakeholder Group; Siemens Healthineers will acquire US firm Corindus. 

It is thought the new lab could improve cancer screening, support earlier diagnosis and personalised prevention, and automate routine tasks. 

The EC2VC pitch competition saw startups and SMEs pitch their solutions in front of a jury of digital health investors from Europe and beyond.

China's Tencent Trusted Doctor, a venture backed by tech giant Tencent Holdings, announced that it had raised $250M in a fundraising round.