OpenHealth Company, a specialist in real-time healthcare data collection and analysis, has closed a EUR5 million financing round led by LBO France/Innovation Capital.
The company now plans to launch The Hub, the largest healthcare data analysis platform available in France.
OpenHealth’s Hub aggregates data from multiple sources to offer a variety of powerful capabilities for analysis.
OpenHealth believes that the analysis of healthcare data will gradually change how we understand various challenges in the healthcare sector. After massive investments in many developed countries, and especially North America, this was the first fundraising operation to be held in France in this field. Through its SISA fund dedicated to companies in the European digital healthcare sector, LBO France/Innovation Capital led the round over EUR5 million. In 2017, OpenHealth Company also received financial support from Bpifrance.
“By making data more accessible to stakeholders and allowing them to develop indicators that were previously complex and costly to obtain, we are accelerating the production of new knowledge,” says Dr Patrick Guérin, President of OpenHealth. “Either for market studies, post-authorisation studies on health product use or healthcare safety, OpenHealth’s Hub is helping to make deep changes to how we understand these data while maintaining the strictest level of privacy”, explains CEO Dr Jean-Yves Robin.
Ingrid Rayez, Director of Investment at LBO France/Innovation Capital, says: “We are thrilled to work with OpenHealth and its experienced leaders. This is the eighth investment of our SISA fund dedicated to digital healthcare and autonomy in Europe. The collection and real-time analysis of healthcare data has become key, especially for monitoring the use of healthcare products in real world. With The Hub, OpenHealth is well positioned to become leader in this sector.”
