About Philips HealthWorks
Philips HealthWorks is an accelerator and incubator program based in Eindhoven, Netherlands. With a presence in 14 countries, it has supported around 43 startups in sectors like HealthTech, Enterprise Applications. As of Aug 2026, Philips HealthWorks has 1 unicorn under its belt and has witnessed 12 portfolio exits. Most notable companies in
its portfolio include Whoop, Lunit and Wysa. The program is backed by a team of 1 people who primarily support Series A startups based in United States. Its latest investment was a $6M Series A round in Babyscripts on Jan 07, 2019, which also saw participation from StartUp Health and NueCura Partners.
Key Metrics
Location
Eindhoven, Netherlands
Sectors of Investment
Stages of Investment
Series A
Locations of Investment
Unicorn in Portfolio
Philips HealthWorks' List of Top Investments
Philips HealthWorks has a portfolio of 43 companies, one of which is a Unicorn. Their most notable investmentis in BabyscriptsTheir portfolio spans across United States, United Kingdom, India and 11 more locations. They have invested in HealthTech, Enterprise Applications, Life Sciences and 6 other sectors, across stages such as Series A stage. Here is the list of top investments by Philips HealthWorks:1. Whoop
Provider of wearable trackers to monitor fitness data. The devices track sleep patterns, strain levels, recovery metrics, and stress indicators. The data collected helps users make informed decisions regarding their fitness, health, and lifestyle choices. The fitness trackers offer insights into sleep optimization, activity tracking, and personalized guidance based on individual cycles.
Key facts about Whoop
- Founded Year: 2012
- Location: Boston (United States)
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $979M
- Employee Count: 1,586 as on Jul 31, 2026
- Investors: Glade Brook Capital, Trinity Capital and 69 Others
- Latest Funding Round: Series G, Mar 31, 2026, $*****
- Highlight: Editors' Pick
2. Lunit
Developer of medical software for cancer screening and oncology diagnostics. This technology utilizes artificial intelligence to analyze medical imaging and pathology data. The software assists clinicians in identifying potential malignancies in chest and breast scans. Additionally, the platform provides tools for biomarker analysis and tissue quantification to support treatment decisions in oncology. These solutions integrate into clinical workflows to facilitate the interpretation of complex diagnostic data.
Key facts about Lunit
- Founded Year: 2013
- Location: Seoul (South Korea)
- Annual Revenue: $50M - $100M as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $135M
- Employee Count: 331 as on Jul 31, 2026
- Investors: Deep Learning, Tybourne Capital Management and 25 Others
- Latest Funding Round: Series C, Nov 25, 2021, $*****
- Highlight: Public
3. Wysa
Provider of AI-driven mental health support platform. This platform offers personalized care accessible anytime, anywhere. It serves individuals, employers, insurers, and healthcare providers. The platform utilizes evidence-based tools such as CBT and integrates AI and human support in some offerings. It aims to improve mental well-being by providing tools for stress management, sleep improvement, and emotional support. The platform prioritizes anonymity and security for users.
Key facts about Wysa
- Founded Year: 2015
- Location: Boston (United States)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $30.5M
- Employee Count: 183 as on Jul 31, 2026
- Investors: Kalysta Capital, Philips HealthWorks and 39 Others
- Latest Funding Round: Grant (prize money), Feb 02, 2026, $*****
- Highlight: Editors' Pick
4. Mytonomy
Mytonomy provides a cloud-based microlearning patient education platform that enables hospitals to delivers individualized instruction through a mobile-optimized site. Hospitals can use the platform to provide instructions to clients about the procedures. The platform integrates with hospitals existing EMR, scheduling and also includes analytics that can measure engagement and effectiveness of the microsite.
Key facts about Mytonomy
- Founded Year: 2011
- Location: Bethesda (United States)
- Stage: Acquired
- Total Funding till date: $42.8M
- Employee Count: 45 as on Jul 31, 2026
- Investors: WorldQuant Ventures, Philips and 14 Others
- Latest Funding Round: Series B, Jul 12, 2021, $*****
- Highlight: Acquired
5. NEUROPHET
Developer of AI-based simulation software for doctors and researchers in electrical brain stimulation. It is developing simulation software in neuro-engineering that is specialized for doctors and researchers in electrical brain stimulation (EBS). Its users can generate an individual 3D brain model by MRI, and simulate and analyze the potential effects of EBS in the various parameters of treatment in a clinical setting. It helps with full-automatic 3D brain model generation for each patient.
Key facts about NEUROPHET
- Founded Year: 2016
- Location: Seoul (South Korea)
- Annual Revenue: $1M - $10M as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $24.4M
- Employee Count: 76 as on Jul 31, 2026
- Investors: Philips HealthWorks, ES Investor and 19 Others
- Latest Funding Round: Post IPO, Apr 13, 2026, $*****
- Highlight: Public
Philips HealthWorks' Year-on-Year Investment Trends
Its most recent first time investment was in Babyscripts.Philips HealthWorks' Investments by Stage
Philips HealthWorks has made 1 investment in Series A stage with an average round size of $6M.Philips HealthWorks' Investments by Sector
Philips HealthWorks has a diverse portfolio, with companies operating in the HealthTech, High Tech, Internet of Things - Industry Applications, Media & Entertainment and Retail. Notably, it has invested in 43 Tech companies, 38 Enterprise (B2B) companies, 33 Software companies and at least 17 companies focusing on Saas.Sector | No. of Investments |
|---|---|
HealthTech | 1 |
High Tech | 1 |
Internet of Things - Industry Applications | 1 |
Media & Entertainment | 1 |
Retail | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Philips HealthWorks' Investments by Geography
Philips HealthWorks has made most investments in United States (1).Philips HealthWorks' recent investments
Philips HealthWorks has not made any investment in 2026 so far.Here are the most recent investments by Philips HealthWorks:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 07, 2019 | United States | Series A | 5173 | [+1] |
Unicorns in Philips HealthWorks' Portfolio
Philips HealthWorks has 1 unicorn in its portfolio - Whoop. The most recent unicorn in their portfolio is Whoop which became a unicorn in 2020, 5 years before Philips HealthWorks first invested in it.Here is a list of unicorns in Philips HealthWorks' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
78 | Provider of wearable trackers to monitor fitness data | 2012 | Boston | Series G | os{jinb |
IPOs and Publicly Listed companies in Philips HealthWorks' Portfolio
2 of Philips HealthWorks' portfolio companies have become public. NEUROPHET got listed on the Korea Exchange (KRX), in Jul 2025 at marketcap of $116M and Lunit got listed on the Korea Exchange (KRX) at marketcap of $241M.Here are Philips HealthWorks' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 25, 2025 | - | - | 2637 | |
Jul 21, 2022 | - | - | 6219 |
Acquired companies in Philips HealthWorks' Portfolio
10 companies from Philips HealthWorks' portfolio have been acquired. The most recent acquisition was Contextflow in Jun 2026 by 4DMedical for $*****.Here are Philips HealthWorks' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 01, 2026 | - | - | 3116 | |
Mar 10, 2026 | - | - | 5076 | |
Jun 06, 2024 | - | - | 3792 | |
Jan 16, 2024 | - | - | 1437 | |
Mar 16, 2023 | - | - | 7572 |
Team profile of Philips HealthWorks
Philips HealthWorks has a team of 1 member located in United States. Philips HealthWorks' team does not sit on the board of any company as of now.Co-investors of Philips HealthWorks
Over the past 7 years, 20 investors have co-invested in Philips HealthWorks's portfolio companies. This includes funds and angels.
- Invested before Philips HealthWorks: Ysios Capital, Insud Pharma and 5 others have invested in rounds before Philips HealthWorks. There is 1 company where Ysios Capital has invested before Philips HealthWorks and 1 company where Insud Pharma has invested before Philips HealthWorks.
- Top Co-investors of Philips HealthWorks: 2 investors entered a company along with Philips HealthWorks. These include investors like StartUp Health (1 company).
- Invested after Philips HealthWorks: A total of 11 investors have invested in Philips HealthWorks's portfolio after their investments. Top Investors include Cigna Ventures (1 company) and TMC Venture Fund (1 company).
