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AIQuiet 13d · day 14

Tandem Health Raises $100M Series B From EQT's Scaleup Europe Fund

European healthcare AI company reaches $160M total funding with backing from the EU Commission-backed vehicle.

newest coverage 13d agosummary written 13d ago2 pieces NewswiresReddit

What to know

  • Tandem Health, a Swedish healthcare AI company, raised $100 million in Series B funding from EQT's Scaleup Europe Fund, reaching $160 million total capital.
  • The company serves 10,000+ care organizations across 14 European markets with an AI Medical Assistant that reduces admin burden and improves clinician job satisfaction by 30%, per peer-reviewed research.
  • The investment represents the Scaleup Europe Fund's first healthcare commitment and funds expansion into a Clinic Operating System covering patient triage, scheduling and communications.
  • Tandem is built specifically for European regulations and healthcare structures, with three AI components certified as Class IIa medical devices under EU Medical Device Regulation.

“This funding lets us do that, bringing healthcare safely into the AI era, working in tandem with patients, clinicians, systems and nations.”

Lukas Saari, Tandem CEO and co-founder · Pulse 2.0 ↗

Tandem Health Healthcare AI companyEQT's Scaleup Europe Fund Lead investorLukas Saari Tandem CEO and co-founderNils Petter Nygaard Managing Director at EQT and Scaleup Europe Fund

Tandem Health Raises $100M Series B From EQT's Scaleup Europe Fund
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  1. 1

    Scaleup Europe Fund marks its first healthcare investment

    The multi-billion-euro fund managed by EQT and backed by the European Commission makes its inaugural healthcare commitment with the Tandem investment, signaling strategic focus on healthtech as the fund expands its portfolio.

    “Europe's health systems are under real strain and AI presents a tangible solution. Europe should be setting the standard for how AI enters healthcare, not adopting someone else's.”
    — Lukas Saari, Tandem CEO and co-founder · source
  2. background

    Tandem Health closes $100 million Series B led by EQT's Scaleup Europe Fund — The European healthcare AI company announces $100 million in Series B funding led by the Scaleup Europe Fund, with participation from existing investors Kinnevik, Northzone, Amino Collective and Visionaries. This represents the Scaleup Europe Fund's first investment in a healthcare AI company and brings Tandem's total funding to $160 million.

  3. background

    Tandem Health completes $50 million Series A — The company raises $50 million in Series A funding, establishing its position as a growing healthcare AI player in Europe.