Swedish healthtech Collective Minds Radiology, which builds a cloud-based healthcare collaboration service for medical imaging, raised 25 million Swedish crowns (2.5 million euros) to fund its European expansion and prepare for a global launch.
Investors included Brightly Ventures, Skincity founders Mikael and Annica Forsgren Kjellman, Antaros Invest, Crista Galli Ventures, and business angels.
Collective Minds is developing a cloud-based platform where doctors, researchers and industry can collaborate across national borders to help patients to the right diagnosis, as well as develop healthcare with improved clinical studies and digital interactive education. Today, 50 hospitals and more than 2,000 doctors are connected to the service. Collective Minds has its commercial and clinical management in Stockholm and product development based in Barcelona.
The ongoing pandemic in the past year has highlighted the need for collaboration and exchange of experiences between hospitals and specialists, which has driven interest in Collective Mind’s innovative technology, it said.
“Radiologists around the world have a great need to collaborate, which requires a good digital platform,” said John Elvesjö, Managing Partner at Brightly Ventures.
“Digitalisation within healthcare has just begun and the founders of Collective Minds have the experience and skills required to digitize and fundamentally change this industry. We are very pleased to be able to support the company in its exciting journey to revolutionize the medical imaging workflow,” Elvesjö said.