TLDR
Porto-based health tech Tonic App has raised €10.85 million in a Series A funding round to expand into the UK and Germany.
Key Points:
- Tonic App raises €10.85 million in Series A funding round.
- The startup aims to enter the UK and Germany in the next 24 months.
Tonic App, a digital health startup, has closed a Series A investment round of €10.85 million. The funding was co-led by BlueCrow Capital and Iberis Capital, along with other investors. With this capital, Tonic App plans to expand its presence into the UK and Germany, in addition to the markets where it already operates. The company will invest in hiring senior talent, research and development in generative artificial intelligence, and launching new tools such as Tonic Scribe. The platform, used by over 140,000 doctors in four countries, aims to become a leading player in digital health in Europe.
António Mello Campello of BlueCrow Capital highlighted the importance of Tonic App in using AI technology for the benefit of physicians. João Henriques of Iberis Capital praised the company’s capacity for penetration and engagement with doctors in its current markets. François Sarkozy of FSNB Health & Care sees the potential for Tonic App to simplify physicians’ daily activities. Teresa Fiúza of Portugal Ventures expressed pride in the company’s success and continuous support since its inception.
