VC fundraising for digital health companies

Digital health rounds get re-cut every couple of years as the reimbursement landscape shifts. What investors paid for in the 2021 telehealth boom is not what they pay for now, and the funds active in the category have rotated almost completely.

Today's healthtech round closes on a combination of clinical evidence, reimbursement coverage, payer dynamics, regulatory readiness and commercial traction - and they all get diligenced separately. Whether you sell to providers, payers, employers or directly to patients determines which pool of capital fits, what valuation looks reasonable, and what the data room actually needs to contain. FDA and MDR readiness, real-world evidence and HEOR data have moved from nice-to-have to deal-determinative.

Flow advises digital health founders across telemedicine, digital therapeutics, EHR and clinical software, biotech tooling and the connecting health-data infrastructure. We position the story around what closes capital today, build the model that reconciles commercial growth with regulatory milestones, and run the process with the funds who underwrite healthcare risk credibly.

Orka
GoTrendier
Ziik
Sentryc
Krita
Legendary Play
MILES
Picus Security
Project Space
sevDesk
AVE & YOU
Metaloop
Orka
GoTrendier
Ziik
Sentryc
Krita
Legendary Play
MILES
Picus Security
Project Space
sevDesk
AVE & YOU
Metaloop
Orka
GoTrendier
Ziik
Sentryc
Krita
Legendary Play
MILES
Picus Security
Project Space
sevDesk
AVE & YOU
Metaloop

Raise capital with an advisor that understands digital health

Choose a fundraising advisor with real VC relationships across digital health and beyond.

Reimbursement that holds the model

A revenue plan that depends on a coverage decision that hasn't happened yet will get marked down in every diligence call. We model reimbursement scenarios explicitly - coverage, coding, payment - and pre-empt the question that derails most digital health rounds.

Clinical evidence in the equity story

Investors want to see how the clinical roadmap maps to commercial milestones, not just a list of completed trials. We integrate the evidence pipeline into the model and the deck, so the round prices the clinical story as part of the commercial trajectory rather than a separate appendix.

Right buyer, right capital pool

Selling into providers, payers, employers and patients each require a different go-to-market and attract different investors. We match the round to the funds who back your specific buyer profile - not the ones who back 'digital health' generically and will pass once they see the channel.

Regulatory diligence handled upfront

FDA, MDR and HIPAA questions left until confirmatory diligence cost weeks and often valuation. We surface regulatory status, real-world evidence and quality systems early in the data room so the timing of the round doesn't get held hostage to compliance.

Selected VC case studies

We've advised companies from series A to series D and beyond.

Our capital raising experience spans across various tech sectors and geographies.

Client logo

We advised Elysian Fields on its investment into Orka, a Reykjavik-based portfolio of online consumer lending platforms, supporting deal structuring and growth-capital deployment in the Icelandic fintech market.

Client
Client
Client
Client
Client
Client

Recent VC fundraising digital health track record

Selected capital-raising mandates and prior investment experience.

Volocopter logo

Investment

Volocopter logo

€50m investment from Geely. All-electric air taxis with vertical takeoff and landing.

AU10TIX logo

Investment

AU10TIX logo

$60m investment from TPG. ID authentication and digital record conversion software.

FlixBus logo

Investment

FlixBus logo

Investment from Silver Lake. Online intercity bus service across Europe, North America and Brazil.

Pipedrive logo

Investment

Pipedrive logo

Growth investment. Cloud-based sales CRM and pipeline management software.

ALOHA logo

Investment

ALOHA logo

$30m growth investment. Food and beverage brand with plant-based protein products.

BIScience logo

Investment

BIScience logo

Investment from WPP / Kantar. Digital and behavioral data intelligence provider.

Work4 logo

Investment

Work4 logo

Growth investment. Recruitment app for employer-candidate social media engagement.

RankAbove logo

Investment

RankAbove logo

Growth investment. End-to-end search engine optimization platform.

Yatego logo

Investment

Yatego logo

Investment from Acton. Virtual shopping mall and online marketplace platform.

XING logo

IPO Advisory

XING logo

€68m IPO. Career-oriented social networking site for the DACH region.

CRA logo

IPO Advisory

CRA logo

€1.2bn IPO. Czech digital infrastructure platform (telecom and ICT).

Delticom logo

IPO Advisory

Delticom logo

€41m IPO. Europe's largest online car and motorcycle tire platform.

VC fundraising for all digital health niches

From digital therapeutics to EHR & practice management, we're a specialized fundraising advisor to digital health companies.

Our VC fundraising experience spans across all digital health verticals.

SoftwareAI & MLFintechConsumer internetDigital mediaE-commerce & marketplacesConsumer productsMobilityIndustrial technologyDigital infrastructureIT services

Recent digital health insights

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