Sofinnova has invested in Deepc, Kiro, and BioCorteX, as well as recent portfolio additions Betteromics and L’école AI. Image credit: Shutterstock/Peshkova.

Sofinnova Partners has closed its Digital Medicine I fund at $200m, with the venture capital (VC) firm investing in five companies through the strategy.

The two most recent additions to Sofinnova’s portfolio were artificial intelligence (AI) companies L’école AI and Betteromics.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Announcing the investments on the same day as its fund close, Sofinnova has injected $20m into US-based Betteromics via a Series A financing round, and $3m into France-based L’école AI via seed funding.

Betteromics has developed an AI cloud platform that integrates omics data – eliminating data silos and streamlining AI-generated insights. The software-as-a-service software can be tailored depending on the use such as biotech manufacturing or diagnostic product development.

L’école AI is building a user interface for AI to increase accessibility to the emerging technology. The company aims to provide medical professionals and researchers with a bespoke AI assistant.

See Also:

Sofinnova launched the Digital Medicine Strategy in March 2023. Speaking to Medical Device Network at the time, Edward Kliphuis, partner at Sofinnova at co-leader of the strategy, said the fund would target early-stage companies that are leveraging digital technologies to transform healthcare.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Sofinnova has also invested in Munich-based Deepc, South Korea-baed Kiro, and London-based BioCorteX. The companies all leverage AI in their healthcare products.  

The US Food and Drug Administration (FDA) recently updated its list of AI/machine learning-enabled devices, highlighting the year-over-year increase of submissions for the technology to exceed 30%.

A 2023 report by GlobalData predicts that global revenue for AI platforms across healthcare will reach $18.8bn by 2027.

Sofinnova partner and co-lead of the digital medicine strategy Simon Turner said: “We bring Sofinnova’s deep healthcare expertise to entrepreneurs pioneering at the forefront of digital medicine where biology meets tech-industry approaches like rapid product iteration and accelerated commercialisation.”