UpHill raises €7M for internationalisation

 In News, Start-Up, Venture Capital

The Portuguese healthtech startup UpHill has successfully raised €7 million that it will use for its overseas expansion plans to open offices in Spain and the UK.

The Series A investment round was led by two new investors, Explorer Investments and a joint investment from the social impact fund from Redstone and EnjoyVenture, and from Brighteye Ventures and Maze, the latter two already investors in the company in the past. Also involved in the investment round were Caixa Capital and Grupo Luz Saúde.
“We are very excited to be part of the future of UpHill, helping the company to develop innovative tools with impact that can improve patient access to the best healthcare and working with all the current stakeholders to turn UpHill into one of the main leaders in the European health sector”, said João Caro Sousa, an investment professional at Explorer.
The startup, that has developed technology in the area of patient care, will use the money now raised to scaleup internationally and also internationalise its team. UpHill is in Spain operating out of the Guttmann Institute, a hospital in Barcelona, but aims to conquer more Spanish hospitals and also focus on the UK market. In Portugal UpHill works with the biggest healthcare facilities in the country.
“UpHill improves access to high quality healthcare and works as an automatic pilot for doctors and nurses, increasing health teams capacities — doubling, for example, the capacity for post-surgery followups, or automising tasks that by doing so saves a day’s work per month for each professional — and, as to clinical results, particularly in chronic patient management, enables clinical results to be improved by reducing hospital readmissions by up to 65%”, explains Eduardo Freire Rodrigues, doctor, co-founder and CEO of UpHill whose team is made up of six professionals.