About HealthTech SaaS sector in Europe
The HealthTech SaaS sector in Europe comprises 4.14K companies, including 923 funded companies having collectively raised $6.08B in venture capital money and private equity. Out of these, 475 are Series A+ funded.
HealthTech SaaS sector in Europe has seen 239 acquisitions and 75 IPOs. This represents almost 7.6% of all such companies - which is higher than the 4.5% exit rate of tech companies in general.
This sector includes companies providing cloud-based, multi-tenant and subscription or on-demand B2B software applications for health applications.
HealthTech SaaS sector is also known as HealthTech SaaSTech, HealthTech SaaS-Tech, Digital HealthTech SaaS or HealthTech SaaS Technology Solutions.
All B2B software that offers cloud-based, multi-tenant solutions for business functions like Marketing, HR, Sales, Business Intelligence in Healthcare space are included in this sector. Excludes standalone consumer-facing health or fitness applications (B2C), traditional on-premise legacy medical records software that lacks cloud-native multi-tenancy, custom single-tenant software built exclusively for individual hospital networks, medical equipment manufacturers, and pure-play offline digital healthcare consulting or non-software healthcare outsourcing services.
Top HealthTech SaaS Companies in Europe
There are 4,135 HealthTech SaaS startups in Europe which include Perspectum, Nutrium, Lifen, Automata, Oxipit. Out of these, 923 startups are funded, with 475 having secured Series A+ funding.
2026 has seen the creation of 214 HealthTech SaaS startups in Europe. Over the past 10 years, an average of 187 new companies have been launched annually. Notably, several of these startups have been founded by alumni of University of Cambridge, University of Oxford and University College London.
Here is the list of top HealthTech SaaS startups in Europe
1. Perspectum
Developer of medical imaging software for analyzing liver disease biomarkers. This technology extracts quantitative data from magnetic resonance imaging to assist in the assessment of metabolic and chronic conditions. The software provides diagnostic information to support clinical decision-making and patient monitoring. These tools facilitate the interpretation of complex imaging data for medical professionals.
Key facts about Perspectum
- Founded Year: 2012
- Location: Oxford (United Kingdom)
- Stage: Series C
- Total Funding till date: $140M
- Investors: Oppenheimer, Health Quest Capital and 32 Others
- Latest Funding Round: Grant (prize money), Sep 17, 2025, $*****
- Tracxn Score: 73/100 What is this?
- Competitors Rank: 1 of 39 Competitors
2. Nutrium
Provider of cloud-based practice management and EHR software for nutritionists. The company has developed software that assists with clinical and business management tasks. It comes with features for appointment booking, online consultation, meal planning, and more.
Key facts about Nutrium
- Founded Year: 2015
- Location: Braga (Portugal)
- Stage: Series A
- Total Funding till date: $19.8M
- Investors: Indico Capital Partners, Vesalius Biocapital Partners and 7 Others
- Latest Funding Round: Series A, Sep 16, 2025, $*****
- Tracxn Score: 69/100 What is this?
- Competitors Rank: 1 of 529 Competitors
3. Lifen
Online platform facilitating digital exchange of medical documents. The company has developed an online communication solution that facilitates the digital exchange of medical documents among healthcare practitioners and establishments. Features include Multichannel e-mail, returns management, automatic retrieval of patient information, access management, and others.
Key facts about Lifen
- Founded Year: 2015
- Location: Paris (France)
- Stage: Series C
- Total Funding till date: $89.9M
- Investors: Partech Partners, Serena and 13 Others
- Latest Funding Round: Series C, Nov 16, 2021, $*****
- Tracxn Score: 67/100 What is this?
- Competitors Rank: 4 of 521 Competitors
4. Automata
Developer of modular lab automation platforms for biological research workflows. This system integrates hardware and software to orchestrate laboratory processes, including sample handling and instrument management. The platform utilizes node-based design tools and software development kits to enable workflow configuration and simulation. It supports connectivity with external data systems and analytical models to facilitate automated execution of experimental protocols. The hardware components are configurable to accommodate various instruments and laboratory layouts, allowing for the management of multiple concurrent tasks.
Key facts about Automata
- Founded Year: 2015
- Location: London (United Kingdom)
- Stage: Series C
- Total Funding till date: $177M
- Investors: Dimension, Hummingbird Ventures and 26 Others
- Latest Funding Round: Series C, Jan 29, 2026, $*****
- Tracxn Score: 67/100 What is this?
- Competitors Rank: 2 of 392 Competitors
5. Oxipit
Artificial intelligence-based medical image analysis for doctors. Solutions offered include ChestGlass, ChestEye, and QEye. ChestGlass is a solution that offers radiographs for comparison, to analyze anomalies. ChestEye is a computer-aided diagnosis (CAD) solution that analyses chest X-ray radiographs and provides information about enlarged heart, edema, pleural effusion, pulmonary emphysema, subcutaneous emphysema, and more.
Key facts about Oxipit
- Founded Year: 2017
- Location: Vilnius (Lithuania)
- Stage: Acquired
- Total Funding till date: $6.69M
- Investors: Practica Capital, CoInvest Capital and 4 Others
- Latest Funding Round: Series A, Jan 20, 2023, $*****
- Tracxn Score: 66/100 What is this?
- Competitors Rank: 2 of 72 Competitors
Companies founded year-on-year in the HealthTech SaaS sector in Europe
214 new startups have been founded so far in 2026 in the HealthTech SaaS sector in Europe. 294 HealthTech SaaS startups in Europe were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 214 |
2025 | 61 |
2024 | 110 |
2023 | 160 |
2022 | 170 |
2021 | 235 |
2020 | 294 |
2019 | 216 |
2018 | 195 |
2017 | 220 |
Stage-wise distribution of HealthTech SaaS sector companies in Europe
Out of the total 4,135 HealthTech SaaS companies in Europe, 923 have secured funding. Among them, 475 have reached Series A or higher, and 368 to Series B or beyond.
Founded - 4,135
Funded - 923
Series A+ - 475
Series B+ - 368
Series C+ - 343
Company Stage | No. of companies |
|---|---|
Founded | 4,135 |
Funded | 923 |
Series A+ | 475 |
Series B+ | 368 |
Series C+ | 343 |
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Funding Trends in the HealthTech SaaS sector in Europe
Total funding year-on-year in the HealthTech SaaS sector in Europe
The HealthTech SaaS sector in Europe saw a total funding of more than $5.47B in the last 10 years. The most amount of funding was in 2021 at more than $1.14B. There has been a total funding of $371M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $371M |
2025 | $559M |
2024 | $700M |
2023 | $774M |
2022 | $570M |
2021 | $1.14B |
2020 | $526M |
2019 | $413M |
2018 | $249M |
2017 | $164M |
Recent Funding Rounds in HealthTech SaaS in Europe
In the year 2026, till July 2026, HealthTech SaaS companies in Europe have raised $368M in equity funding across 38 rounds.
In the same period last year (i.e. till July 2025), HealthTech SaaS companies in Europe had raised $381M across 42 rounds.
So, 2026 has seen a 3.39% drop in funding in HealthTech SaaS companies in Europe as compared to 2025.
Here are some recent, important funding rounds in HealthTech SaaS companies in Europe:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 4424 | Jul 21, 2026 | ||
Series A | 9706 | Jul 15, 2026 | and 2 more | |
Seed | 2730 | Jun 19, 2026 | ||
Series A | 6882 | Jun 16, 2026 | ||
Seed | 5914 | Jun 11, 2026 |
Top Investors in HealthTech SaaS in Europe
Europa is the top investor in HealthTech SaaS companies in Europe based on number of companies invested.
Here are some top investors in HealthTech SaaS companies in Europe:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Cambridge (United States) | ||
Brussels (Belgium) | ||
San Francisco (United States) | ||
Cambridge (United States) |
M&A activity in HealthTech SaaS sector in Europe
In the year 2026, till July 2026, 13 acquisitions happened in HealthTech SaaS sector in Europe. Last year, in 2025, a total of 19 acquisitions happened in HealthTech SaaS sector in Europe.
Here are some recent, important acquisitions in HealthTech SaaS sector in Europe:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jul 13, 2026 | ||
Business Acquisition | Jul 09, 2026 | ||
Business Acquisition | Jun 30, 2026 | and 1 more | |
Business Acquisition | May 21, 2026 | ||
Business Acquisition | Apr 29, 2026 | - |
Acquisition trends in HealthTech SaaS sector in Europe
Here are the acquisition trends in HealthTech SaaS sector in Europe:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 13 |
2025 | 19 |
2024 | 24 |
2023 | 23 |
2022 | 23 |
2021 | 25 |
2020 | 21 |
2019 | 9 |
2018 | 9 |
2017 | 21 |
IPOs in HealthTech SaaS in Europe
In the year 2025, till April 2025, 1 IPO happened in HealthTech SaaS sector in Europe.
Here are some recent, important IPOs in HealthTech SaaS sector in Europe:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Apr 23, 2025 | Nordic Growth Market (NGM) | |
Apr 23, 2024 | Stockholm Stock Exchange (STO) | |
Dec 10, 2021 | Helsinki Exchange (HEL) | |
Jul 23, 2021 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Jun 18, 2021 | Nordic and Baltic regions (NASDAQ OMX) |
Colleges which produce the most HealthTech SaaS companies in Europe
Companies founded by alumni from top colleges in the HealthTech SaaS in Europe
Most number of HealthTech SaaS startups in Europe have been founded by alumni from University of Cambridge, University of Oxford and University College London.
College | No. of companies |
|---|---|
University of Cambridge | 29 |
University of Oxford | 16 |
University College London | 10 |
University of Bristol | 9 |
Aalto University | 8 |
Imperial College London | 8 |
HEC Paris | 7 |
Harvard University | 7 |
University of Manchester | 7 |
INSEAD | 6 |
Total funding in HealthTech SaaS companies founded by alumni from top colleges in Europe
In the last 10 years, University of Cambridge graduates' HealthTech SaaS companies in Europe have raised the most funding among top colleges. University of Oxford alumni are second, and HEC Paris alumni are third.
College | Total Funding |
|---|---|
University of Cambridge | $468M |
University of Oxford | $296M |
HEC Paris | $222M |
University College London | $177M |
Stanford University | $167M |
Imperial College London | $165M |
London Business School (LBS) | $125M |
University of Bristol | $122M |
University of Manchester | $110M |
King’s College London | $107M |
Top News in HealthTech SaaS in Europe
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BrightHeart announces CE marking and European launch of its AI platform for prenatal ultrasoundBusiness Wire•Jun 24, 2026•BrightHeart, GO CAPITAL
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Northgate and FMG Partner with Microsoft to Accelerate AI AdoptionFleet•Jun 03, 2026•FMG, Microsoft, Causaly
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E-Scopics’ Hepatoscope Wins FDA Nod for Spleen Exam WorkflowMedical Product Outsourcing•May 04, 2026•E-Scopics
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