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​Six new Stockholm health tech companies on the Life Science Hotlist

Press Release   •   Jan 31, 2019 06:45 GMT

Photo: Ola Ericson, imagebank.sweden.se

The health tech sector in Stockholm is booming. Six new health tech companies are entering the Life Science Hotlist, a list of carefully curated investment opportunities in the Stockholm-Uppsala region. Invest Stockholm has screened 95 health tech companies to identify the “hot” investment cases. Today, Brighter, Camino Care, CareLigo, Encare, Hnry and Minnity are added to the hotlist, joining the 17 health tech companies that are already on the list.

Several international media have predicted health tech to be primed for disruption in 2019. Stockholm, with an emphasis on integrating artificial intelligence into healthcare products and platforms, are leading the health tech revolution.

The 95 health tech companies selected* for the screening employ a total of 858 employees and together they generate a revenue of SEK 1,42 billion. 

“It’s a great time to be an investor in health tech in Sweden. There are a lot of interesting Stockholm-based companies emerging and the outlook is promising. As a generalist tech investor, we started looking at the sector a couple of years ago, having seen more deal flow and activity in the space. Since then, we've seen almost a four-fold increase in the number of start-ups.” says Marta Sjögren, Partner at venture capital firm Northzone.

Sweden has set itself the goal of becoming “the best in the world” at utilizing the health advancements ushered in by “digitalisation and eHealth” and 2018 saw a number of positive steps towards achieving that distinction. While there are plenty of government initiatives, some of the most promising developments can be found in the private sector, where there are many new companies within the areas of net doctors, electronic patient journal systems, mental illness and self-monitoring solutions.

“We see an increased interest from international investors and companies looking for industrial collaborations with Stockholm health tech companies. Just the fact that there are over 95 health tech companies that are at the forefront of some truly exciting health tech developments, shows that we have a critical mass of talent and opportunities in the Stockholm region,” says Ylva Hultman, Head of Life Science Investment Promotion at Invest Stockholm.

The new companies on the Life Science Hotlist are:
Brighter – Data-driven solutions for smarter treatment of chronic conditions.
Camanio Care – Smart solutions for digital home care.
CareLigo: Home-based health tech tool reducing in-hospital care by 29%.
Encare – Improving patient outcome and lowering hospital stay by 30%.
Hnry: Increased patient safety through real time automation and standardization.
Minnity: Person-centered dementia care with the help of digital tools.

For more information about the hotlist, please contact:
Ylva Hultman, Head of Life Science Investment Promotion, Invest Stockholm
ylva.hultman@stockholm.se, +46 (0)70-472 80 65

*Selection made by Invest Stockholm in collaboration with Stockholm Science City. Revenue and number of employees based on information from allabolag.se.

About Life Science Hotlist by Invest Stockholm
The Life Science Hotlist by Invest Stockholm is a summary of investments opportunities in the Stockholm-Uppsala region. The list comprises companies looking for financial investments or industrial collaborations within the area of life science. Carefully curated by Invest Stockholm, the list aims at making it easier for investors in finding a critical mass of investment opportunities in a structured way.

About Invest Stockholm and Stockholm as a Life Science Hub
With its concentration of resources and long history as an exceptional hub for excellent scientific collaborations, the Stockholm-Uppsala region has produced some of the world’s most innovative life science companies. Invest Stockholm, the official investment promotion agency of Stockholm, helps investors focused on disruptive commercial innovation in life science find opportunities in Stockholm. For updated investment cases, see our carefully curated Life Science Hotlist and for more information about world-leading research and business opportunities in the Stockholm-Uppsala region, read our Health Tech ReportInfectuous Diseases Report and Oncology Summary Report.

Learn more about the latest health tech news from Stockholm:
10 biggest tech stories of 2018
Five Stockholm health tech innovations for a brighter 2018