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9 October 2017

LynxCare looks after $1.4m

Imec spinout LynxCare has collected funding from investors including government-owned PMV and VLaio.

Author: Thierry Heles, editor

LynxCare, a Belgium-based patient monitoring platform spun out from research institute Imec, has raised €1.2m ($1.4m) in funding, De Tijd reported today.

The funding was provided by Flemish government-owned investment firm PMV and by VLaio, the Flemish Agency for Innovation and Entrepreneurship.

Founded in 2015, LynxCare has created a platform that provides summary health information to healthcare providers and patients across national borders and language barriers.

The money allows the spinout to open an office in San Francisco and to add three hospitals to its roster, up from a current five in the Flemish region. The company also hopes to expand to Wallonia, France and the Netherlands.

LynxCare previously obtained $55,000 from Imec in 2015, which was later increased to $500,000 with contributions from research initiative BlueHealth Innovation, digital imaging products manufacturer Agfa and Antwerp University Hospital.

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