French startup Lifen ramps up digital healthcare offering with $58M funding

Digital infrastructure company Lifen has raised $58M (€51M) in funding, which will go towards working with 1,500 hospitals and 200 eHealth solutions by 2025.
By Fiona Keating
07:37 am
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Credit: Lifen

Lifen has demonstrated strong growth in France, with more than 600 healthcare institution clients using its services to support over two million patients every month. 

The funding, from Creadev and Luxera Capital Partners, will go towards European expansion and recruitment, which are Lifen's key priorities. 

The Lifen Platform is built on three strands: connection to health data (flow management in hospital information systems and artificial intelligence to structure health data), secure identity management, and the distribution of solutions to healthcare stakeholders.

WHY IT MATTERS

The French startup is focused on creating medical digital reports for the healthcare industry. Lifen now has 600 healthcare facilities using the product.

Previously, healthcare organisations have relied upon sending medical documents on paper, as there were issues with sending via email due to data privacy. 

To deal with this challenge, Lifen created a document platform that works with electronic messaging protocols designed for medical records. The effect was an easier shift to a paperless system which sent reports automatically.

The system has recently improved with the addition of machine learning for its digital healthcare document product. Key information is detected automatically to turn documents into structured data, as in identifying details of the patient, such as the name and sender information.

THE LARGER TREND

In 2020, Lifen launched doctor-to-patient secure messaging, with more than half a million patients signing up for the service.

During the pandemic, a group of epidemiologists requested Lifen to create a remote monitoring solution for COVID-19 patients. The Lifen Technology stack has now helped thousands of patients and doctors.

The company is also working on a range of eHealth apps. Lifen’s App Store includes all apps that work with Lifen’s user management system and connect with Lifen. These include Betterise, a medical monitoring software that allows remote therapeutic management of patients in oncology and cardiology. 

ON THE RECORD

“We are very pleased, but this is just a step in our journey. Driving change in healthcare is not a sprint, it’s a marathon,” Alexandre huckert, co-founder of Lifen told MobiHealthNews.

“We will be hiring more than 200 people in Europe over the next 18 months. Our goal is to work with 1,500 hospitals and with 200 eHealth solutions by 2025.”

Pierre Moustial, founding partner at Luxor Capital Partners said: “Lifen will become a leading group in the digitalisation of hospital systems. As a Tibi-approved investment, and as we transition towards digitalisation of the health sector in Europe, we are particularly proud to support this flagship French tech venture.”

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