Healthtech and digital health 2021 | Lithuania

Why?

There are many reasons why health tech is hot, and ambition is growing among Lithuanian founders. First, it's a massive market (as of 2019, digital health represented a global market of approximately $350 billion - McKinsey). Second, it is set to grow in both developed and growing economies. Third, available digital technologies allow solutions in a broad spectrum of service supply, reducing the cost of service. And forth - we are in the midst of a global pandemic with short and long-term consequences.

The framework

We use healthtech definition as "application of digital technology to improve health or care delivery". In a recent McKinsey report, digital health technologies are pooled into nine “value pools” across five main categories: R&D, wellness and disease prevention, screening and diagnosis, care delivery, and finance and operations. This is notified below as "value vertical below". The fundraising signal is our subjective judgment having imperfect info. Corrections, suggestions - please email us.

Healthtech startups

StartupWhat?WebsiteValue verticalStageLearn moreFundingFundraising signal
Kilo Health
15 Health & wellness products, 3 m customers
Wellness and prevention
Scale up
no external funding
Mano daktaras
Telemedicine (LT)
Care delivery
Series A
seed
Droplet Genomics
Droplet microfluidics
R&D
Seed
€ 1 m
Oxipit
AI medical imaging
Screening and diagnosis
Seed
$ 1.7 m
Oxygen
Telemedicine (US)
Care delivery
Seed
$ 3 m
Ligence AI
AI tool for automated echocardiography
Screening and diagnosis
Seed
€ 360k
€ 1.6 m
Biomatter Designs
Technologies for generative protein design
R&D
Seed
€ 500k
Softneta
Medical imaging and communication
Screening and diagnosis
Series A
€ 1 m
Revolab
Blood tests from home
Screening and diagnosis
Pre-seed
-
strong
Mindletic
Mental gym at your workplace
Care delivery
Pre-seed
-
strong
Equusight
AI for automated horse X-ray analysis
Screening and diagnosis
Pre-seed
-
medium
Reshape
Personalized fitness and meal plans
Wellness and prevention
Pre-seed
-
Vetforcall
Telemedicine - vets
Care delivery
Seed
-
€ 250k
Aichom
Dementia monitoring
Care delivery
Pre-seed
-
Brolis Sensor Technology
Blood analysis sensor
Screening and diagnosis
Project / R&D
-
Vilimed
Handheld therapeutic device for hand tremor reduction
Wellness and prevention
Pre-seed
€ 50k
medium
Fleming
Same day medical consultations
Care delivery
Pre-seed
€ 1 m
Ramu
Panic Attack App developed by Nerimo klinika
Care delivery
Project / R&D
-
Feetsee
Detecting early inflammation for diabetis patients
Wellness and prevention
Pre-seed
-
Excosomica
Stem cell research to address Parkinson's disease
Care delivery
Project / R&D
-
BrachyDOSE
Oncology treatment effectivness
Care delivery
Pre-seed
-
strong
Zive
Heart monitoring
Wellness and prevention
Pre-seed
€ 800k