Heartbeat Labs, a startup platform for digital health, announced today that it has invested in Medlanes and Mimi. For both startups, the fresh capital is part of their Series A funding. In the case of Mimi Hearing Technologies, their established investors Brückenköpfe and Atlantic Labs participated again in the new round. For Heartbeat Labs, it is the fourth and fifth investment within less than a year: Last year in July, the Berlin based startup platform announced that it had invested in the digital health companies Aurora Health, Neebo and Heallo.ai.
“We build our own companies, we are an innovation partner for established corporations in the healthcare sector and we invest in promising startups: Our investments are therefore one of three pillars to establish a strong, fast network, an ecosystem for digital health,” says Eckhardt Weber, Co-Founder and Managing Director of Heartbeat Labs.
About the new investments
Founded in 2013, the Berlin based company Mimi Hearing Technologies is the world leader in sound personalisation. With an app-based test, an individual hearing profile is created which then adjusts the sound output. By Mimi’s own account, many of its users can reduce the volume when listening to music, watching films or playing games. More than 650,000 people worldwide have done the hearing test and created their individual hearing profile. The multi-patented technology is being integrated into the hardware of global industry brands such as beyerdynamic’s award-winning Aventho headphones. Eckhardt Weber, Co-Founder and Managing Director of Heartbeat Labs, details the investment rational: “With Mimi we are investing in a deep, difficult-to-copy technology that was developed together with the Charité Berlin. It is also exciting that Mimi can go so many different ways for monetisation: as a license to hardware companies, as a plug-in for streaming services or in cooperation with health insurances. “
Berlin-based Medlanes facilitates home visits from paediatricians, internists, orthopedists and general practitioners around the clock, seven days a week. Medlanes currently works with over 300 doctors and has provided care for more than 25,000 patients in Germany in less than two years. Private health insurances reimburse the costs of the on-call service, patients of the German public health insurances currently use the service as self-payers. The cost for one treatment starts at 80 Euros. “People want to use the benefits of the internet in healthcare too, they want to use their smartphone and receive timely medical advice. At the same time, they often still want personal contact with the doctor. Medlanes seizes on this trend by combining the best of the online and offline healthcare worlds,” says Eckhardt Weber, Co-Founder and Managing Director of Heartbeat Labs.
Investments announced in October 2017
Neebo, by Daatrics, is an app-driven baby-care system. A coin-sized wearable device measures the baby’s heartbeat, temperature, and blood oxygen levels and sends the data via Bluetooth to the parents’ smartphones. The Neebo App notifies them when the child experiences stress or when it wakes up. The app can also transmit the baby’s noises in real time. The monitor measures within a maximum of one percent deviation from professional medical technology. In February this year, Telefonica’s Accelerator Wayra announced that it had admitted Neebo to its program.
Moodpath, by Aurora Health, is an app-based interactive screening for mental health. After a 14-day self-test, the user receives a thorough evaluation of any signs of depression. Further material helps the user to learn more about the results and potential treatment options. The app can also be used together with a professional mental health specialist.
Cureskin, by Heallo.ai, is an app that allows its users to take an image of their skin and have it analysed for skin issues like pimples, acne, dark spots, scars and pigmentation. The user can then consult with top rated dermatologists in India to determine a personalised treatment plan and skin care regimen. The company currently focuses on the Indian market. Heartbeat Labs invested in Heallo.ai in January of this year. More recently, the American accelerator Y Combinator joined as an investor.
About Heartbeat Labs
Heartbeat Labs is a Berlin-based platform for digital health startups. We build, grow and invest in pioneering healthcare companies. Our agile teams combine entrepreneurs, medical specialists and technology experts. Heartbeat Labs provides seed funding of €0.5 to €5 million, access to a unique network of investors and operational expertise in marketing, HR, finance, regulatory affairs and more. Our team has the experience of building more than 20 successful internet companies that have brought the advantages of digitisation to industries such as financial services and advertising.