Digital Health in Europe: The Untapped Potential of CEE

"This blog is part of Digital Health in Europe: A Data-Driven Blog Series by Speedinvest. Building on our analysis of 600+ Digital Health startups founded in Europe in the last decade and our overview of the French and DACH Digital Health startup ecosystems. This blog post is the first attempt to systematically chart the Digital Health startup ecosystem in the CEE region.

Central and Eastern Europe is a vibrant region that encompasses twelve countries as defined by the OECD - Albania, Bulgaria, Croatia, Czechia, Hungary, Poland, Romania, Slovakia, Slovenia, Estonia, Latvia, Lithuania and we’ve also included five companies from Montenegro, Belarus and Moldova - and has about 318 million inhabitants. It is home to 661,187 developers and several startup success stories, such as UIPath, Avast or Telerik, to name just a few. It’s an extremely interesting ecosystem and still underexplored, so we’ve decided to shine a spotlight on Digital Health startups in the region.

When it comes to Digital Health CEE has a lot of untapped potential. In our previous macro analysis of the European Digital Health ecosystem, we found that the CEE region ranked second to last in Digital Health VC funding. 92 Digital Health startups have been founded between 2010 and 2021, receiving a total of around €234m in VC funding. The region is undercapitalized and, at €500k, has the lowest median funding per startup in Europe. To put this in perspective, in the UK, the median funding amount per Digital Health startup is €12.3m, while it’s €9.4m in France and €8.7m for DACH..." Lire la suite