Europe’s AI healthtech sector is seeing a funding surge not witnessed since the 2021 boom—and it’s only March. So far, AI-driven healthtech startups across Europe have raised $701 million in 2025, according to Dealroom. If this momentum holds, the sector could surpass totals from the last three years and rival the record $3.3 billion raised in 2021.
Leading this year’s wave is Neko Health, the AI-driven preventive health startup founded by Spotify’s Daniel Ek, which closed a massive $260 million round backed by General Catalyst and Lightspeed.
Other standout fundraises include Lindus Health, Quibim, and Latent Labs, each pulling in over $50 million in early 2025. Investors say the momentum is just getting started, with a fresh batch of startups set to define the next chapter of AI-powered healthcare in Europe.
Startups VCs Are Watching Closely
Lindus Health – UK
With $79 million raised, Lindus Health uses AI to redesign clinical trials — identifying patients faster and running trials more efficiently. As AI accelerates drug discovery, Lindus is positioned to play a critical role in bringing therapies to market quickly.
Healx – UK
AI-driven rare disease specialist Healx is pioneering drug repurposing strategies. Already raising $137 million, Healx recently advanced to Phase II trials for neurofibromatosis type 1, targeting one of thousands of rare diseases that remain untreated.
Neko Health – Sweden
Founded in 2018, Neko Health blends AI and full-body scans to detect health risks early. Now with $326 million in funding, the startup aims to shift healthcare from reactive to preventive, offering consumers a proactive health monitoring experience.
AI Innovators Tackling Healthcare’s Critical Bottlenecks
Squaremind – France
Building autonomous dermatology robots, Squaremind delivers precise, full-body skin scans that ease dermatologists’ workloads. The system generates longitudinal data, enhancing early cancer detection. Funding to date: $2.8 million.
Recept.ai – France
Recept automates dental practice operations, handling appointment calls and reducing no-shows with voice AI. Founded in 2024, it promises to unlock new efficiencies in dental clinics.
Teton.ai – Denmark
Copenhagen’s Teton.ai provides AI-driven patient monitoring in hospitals and care homes. Its system detects falls and alerts staff, minimizing risk while automating documentation. Raised $5.3 million so far.
AI Startups Revolutionizing Compliance, Brain Health, and Caregiving
FormlyAI – Germany/US
FormlyAI helps medical device makers speed up certifications by automating compliance paperwork using generative AI. Founded in 2021, it reduces costs while ensuring faster regulatory approval.
Handshake Health – Germany
This AI platform streamlines public healthcare procurement, automating tenders and optimizing pricing. Launched in 2024, Handshake brings transparency and speed to a notoriously slow system.
Oxford Neurolabs – UK
Leveraging smartphones and wearables, Oxford Neurolabs tracks digital biomarkers to predict diseases like Parkinson’s. Their AI models provide pharma-grade data for early detection and clinical trials.
Diagnostics, Workflow, and AI-Driven Radiology on the Rise
Radium – France
Founded in 2022, Radium is building a foundation model for precision radiology, offering faster analysis and biomarker measurement. Their AI-enhanced tools aim to support radiologists with better accuracy.
Vocca AI – France
Vocca AI, founded in 2024, is a voice assistant designed for healthcare providers. It automates appointment scheduling and patient follow-ups, integrating seamlessly with EHR systems.
Newton’s Tree – UK
Newton’s Tree gives hospitals a neutral platform to buy, integrate, and monitor AI tools efficiently. Acting as both a marketplace and deployment hub, it’s streamlining AI adoption in healthcare.
Voize – Germany
Targeting Europe’s care facilities, Voize uses AI-powered voice recognition to enable hands-free, real-time documentation by caregivers—freeing up staff to focus more on patient care.
AI Startups Revolutionizing Biotech and Mental Health
Exazyme – Germany
Exazyme uses AI to predict protein evolution, cutting down on costly experiments. With €2 million raised, it claims to deliver drug discovery results with 100x fewer experiments.
Synthetic Therapy Lab – Germany
This startup is creating an empathetic conversational AI suite for mental health therapy, aiming for precision interventions that outperform general-purpose models.
With AI transforming clinical trials, patient monitoring, drug discovery, and even mental health care, Europe’s healthtech landscape is brimming with potential. If current trends continue, 2025 could be a record-breaking year for AI-powered healthcare investment.
From startups tackling rare diseases to those rethinking procurement and patient care, Europe’s AI healthtech scene is redefining how healthcare is delivered, making it faster, smarter, and more patient-centric.
