Stockholm-based Tandem Well being, a HealthTech startup reworking how clinicians handle administrative duties by means of AI-powered documentation, has introduced a €42.6 million Sequence A funding spherical to speed up its product growth and develop throughout Europe.
The funding was led by Kinnevik, with participation from Northzone, Amino Collective, and Visionaries Membership. The spherical marks a major milestone in Tandem’s mission to unencumber clinicians from the burden of documentation, giving them again the time to deal with affected person care.
Georgi Ganev, CEO at Kinnevik: “At Kinnevik, we’ve spent over a decade investing in healthcare throughout Europe and the US and few groups have impressed us like Tandem. Their readability of imaginative and prescient, execution velocity, and product instinct are world-class. It’s particularly thrilling for us to companion with an organization from the Nordics that’s pioneering the subsequent era of healthcare infrastructure in Europe. We’re proud to hitch Tandem on this journey.”
Based in 2023, Tandem gives an AI assistant that generates medical notes throughout affected person consultations, enabling real-time, correct, and compliant medical documentation.
The corporate was launched with the purpose of supporting clinicians slightly than changing them. Tandem has recruited over 20 skilled docs and psychologists to assist design a platform that matches inside current medical environments.
Its AI-powered options at present serve healthcare suppliers within the UK, Germany, France, Spain, and past.
“We don’t consider in changing clinicians. We consider in eradicating friction, quietly and respectfully, so their consideration can go the place it’s wanted most,” mentioned the Tandem Staff.
The device is reprotedly already utilized by tens of hundreds of healthcare professionals throughout Europe and, due to a partnership with UK-based communications platform Accurx, over 200,000 NHS workers now have entry to Tandem’s know-how.
The contemporary funding will permit Tandem to develop its product from documentation to a broader AI-native working system that captures medical codes, helps decision-making, and coordinates care – all whereas protecting the clinician in management.
“This funding helps us help extra of that work. We’re grateful to those that consider within the imaginative and prescient, and much more grateful to the clinicians placing Tandem to make use of daily,” they added.
As healthcare programs throughout Europe face burnout and administrative overload, Tandem’s human-centric method to AI gives a compelling different.
With new capital and a rising presence throughout key European markets, Tandem is positioning itself as an important a part of the way forward for healthcare – one the place know-how helps empathy, slightly than changing it.
