Frankfurt a. M./Vienna — The European venture capital company APEX Ventures, based in Vienna and Frankfurt, is launching a new fund, APEX Digital Health. To this end, 50 million euros in capital is to be gained. The focus of the new fund is on young companies developing unique technologies and applications for the healthcare sector.
Digital health, or digital health solutions, is a growth market worldwide. The market in Europe alone is expected to grow to around $170 billion by 2025, with an annual growth rate of around 39%, estimates market research firm Graphical Research. Due to the growing population, increasing life expectancy as well as increasing costs, there is a great need for new and innovative solutions in the healthcare sector. At the same time, there have been tremendous advances in technology in recent years, such as artificial intelligence (AI) and image analysis. In addition, there are now a large number of young people who can handle these technologies, as a lot has also happened in education and training, for example in the area of data analysis. This created the basis for setting up a technology company at comparably low cost.
APEX Ventures has been working intensively on this topic for some time and has already successfully invested in several companies from the digital health sector with its first fund, APEX One: ImageBiopsy Lab, for example, which uses AI solutions to support doctors in orthopedic-radiological diagnoses, and contextflow, which facilitates the work of radiologists with the help of a search engine for 3D CT scan images and Deep Learning. Andreas Riegler, founding partner at APEX Ventures, said, “With the technological advances of the past few years, the increasing expertise in using these technologies and the great need for new solutions in the healthcare sector, now is the ideal time to move even more strongly into this area.”
With Dr. Gordon Euller (36), a medical doctor who brings international experience as a specialist in radiology, management consultant at McKinsey and successful company founder, could be won as a partner for APEX Digital Health. He optimally complements the existing team of APEX Ventures with his expertise and will be responsible for the selection and monitoring of the young companies in which the fund will invest. Gordon Euller, APEX Partner Digital Health, said, “New technological developments offer an incredible amount of opportunity to improve people’s health and make the day-to-day work of healthcare professionals easier. However, the further development and promotion of these technologies, especially for the healthcare sector, requires financial resources as well as entrepreneurial know-how. I am very excited to be able to make an important contribution here with APEX Digital Health.”
The new fund will invest primarily in promising European startups and young companies in the healthcare sector. As with APEX One, the focus is on deep tech companies in the DACH region. However, investments are also planned outside Europe, e.g. in the USA and Israel. Fundraising will start soon after approval by the Austrian Financial Market Authority (FMA) under the EuVECA (European Venture Capital Fund Regulation) directive, which includes a Europe-wide approval. In 2020, the fundraising is expected to be completed. Private, semi-professional investors usually invest between 500,000 and 1 million euros and institutional investors from 5 million euros.
About APEX Ventures
APEX Ventures is a European venture capital company focused on technology start-ups, based in Vienna and Frankfurt, which sees itself not only as a provider of capital, but also as a “company builder”. The APEX Ventures team consists of the three founding partners Andreas Riegler, Christoph Kanneberger and Stefan Haubner as well as the members of the Advisory Board Hermann Hauser, Peter Hagen and Rudolf Kinsky. Support is provided for young companies with unique technologies to develop further and successfully bring their products to market. The first fund, APEX One, has so far successfully invested in European technology companies, including AI, Insurtech, Smart Data and MedTech. In Germany, APEX Ventures is supported by its strategic shareholder, asset manager QC Partners. www.apex.ventures