Home Pharmaceutics Wefight raises 10 million euros to accelerate its growth and expand internationally

Wefight raises 10 million euros to accelerate its growth and expand internationally

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Paris, September 16, 2021 – The French e-health company Wefight is developing free applications to help patients with chronic diseases and cancer. Its goal is to provide them and those around them with as much information as possible about their pathology at all times. Digital Health Ventures, Impact Partners, but also its historical investors & the Business Angels of the BADGE network are supporting Wefight in this fundraising.

Wefight, at the service of patient knowledge

Founded in 2017 by Benoît Brouard, hospital pharmacist, and Pierre Nectoux, engineer from Ecole Centrale, Wefight and its series of applications Vik, aim to support patients and their loved ones throughout their care journey. Today, 15 Vik apps are already availableWabeI‘ree online! and treating, among others, diseases such as depression, asthma, breast, ovarian, prostate cancer, etc.

Based on artificial intelligence, these applications respond in real time to questions from patients and their families and provide access to many tools and services to better understand their disease (articles and patient testimonials, treatment reminders, etc.).

Besides, Vik’s answers are written by combining medical knowledge and patient knowledge all the knowledge that a patient has accumulated during his or her care journey that it is crucial to keep and share with as many people as possible.

Deploy to get closer to patients and their needs

Already present in 5 countries in Europe and Canada, this fundraising will allow Wefight to expand its presence in Europe and internationally in particular the creation of an office in Berlin, but also to develop new markets such as the United States and Latin America.

The funds will also be used to develop new Viks to cover as many chronic diseases as possible and perfect the artificial intelligence of applications (already more than 5 million responses to patients to date). They will also be enrich the Vik ecosystem with new complementary products such as MedVik, a telemonitoring platform that allows healthcare professionals to remotely monitor the state of health of their patients. A first step towards the development of algorithms to prevent complications and relapses in patients.

On the recruitment side, Wefight supports its growth by structuring its teams and integrating new talents. The number of employees has already doubled between 2020 and 2021 and should exceed 100 employees by the end of 2022.

Wefight, Digital Health Venture and Impact Partners: a natural collaboration

Thanks to its model, its ambitions and numerous partnerships forged with pharmaceutical laboratories, Wefight was able to convince two new investment funds, with the same vision and the same values, to embark on the adventure alongside it:

Digital Health Ventures, a venture capital fund dedicated to digital healthcare solutions for patients, Impact Partners, the leading European investment platform dedicated to impact.

The Investor Fund and the Business Angels of the BADGE network reiterated their confidence and reinvested for this second round funding. The Angels Santé and MELIES Business Angels funds, historical investors, continue to provide their support and experience to Wefight in the person of Stéphane Loze (Angels Santé) who will represent all of the Business Angels within the board of Wefight. Wefight was supported throughout the fundraising by SE13 Advisors, a Venture and Private Equity consulting firm.

“Wefight is an international company with a strong social impact. Choosing to have Digital Health Ventures and Impact Partners by our side allows us to accelerate our international expansion while keeping the patient at the center of everything we do. Says Benoît Brouard, co-founder of Wefight.

“The Wefight team has developed an intuitive AI-based product that meets the needs of patients and healthcare professionals. We are particularly impressed with the rapid growth and added value the team has created so far. DHV is proud to participate in Wefight. adventure and to support the team in its growth and international development. ” says Guido Hegener, Managing Partner of Digital Health Ventures.

“The strong growth in cancer and chronic disease is a major social problem. The solutions offered by Wefight make it possible to improve patient care while preserving ethics and a strong social impact. Associating these solutions with a viable and ambitious economic model convinced us to join the adventure. ” says Zoe Constantin, Director of Investments at Impact Partners.

“Investir & + has been supporting Wefight since its first fundraising in 2019. We are very proud to see the progress made by the team since! We have decided to re-engage with them in order to continue to support them in their wonderful mission of helping thousands of patients around the world to live better with their illnesses. ” ssaid Mari Kameyama, Impact VC at Investir & +.

“With Angels Santé, BADGE, and MELIES Business Angels, we are very proud to have supported the startup during its early years and above all very proud of its exponential development in a short time! The virtual companion Vik in a given pathology is a real aid in optimizing the “patient experience and a real winning strategy” beyond drugs for Pharmas. With Vik, the field of possibilities is wide and the development opportunities very numerous, I am delighted to be able to continue to bring my help and my expertise in health by being part of the strategic committee of Wefight ” declares Stéphane Loze Head of Angels Santé partnerships.

About Wefight:

Founded in 2017, Wefight is a company specializing in the development of applications for sick patients and their loved ones. Its goal is to create companions who answer patients’ questions, who make information simple, and who are accessible anywhere and anytime during the care process. They do not replace doctors in any way, but play the role of mediators. Wefight is currently incubated at the Brain and Spinal Cord Institute in Paris and at the Business Innovation Center in the city of Montpellier. The company also works in collaboration with many reference centers such as hospitals in Montpellier or the Pitie Salpêtrière in Paris. https://www.wefight.co

About Digital Health Ventures (DHV):

DHV is an industry-focused venture capital fund based in Berlin, Germany. We are experienced early stage investors with a track record that includes several leading European innovators in the healthcare field. Our mission is to build a sustainable digital health ecosystem. We actively support portfolio entrepreneurs and leverage our networks in technology and healthcare. dhventures.de/en

About IMPACT PARTNERS:

Founded in 2007 with the conviction that entrepreneurship can help build a more inclusive and sustainable society, IMPACT Partners is a management company with a social vocation. Financial and strategic support for entrepreneurs is provided by the Impact Growth fund (notes from € 1m to € 15m), intended for those who wish to develop their activity, and by the Impact Creation fund (banknotes from € 50k to € 500 K €) dedicated to those who create their own business in socially weak areas. IMPACT Partners is a pioneer in impact investing with more than € 300 million under management and 4 offices in Europe (Paris, Frankfurt, Copenhagen and Barcelona).

More information on : www.impact-partenaires.com

About Invest & +

Investir & + is a collective of entrepreneurs who share the conviction that the company is a powerful tool for effectively and sustainably solving certain social, environmental or societal problems. Investir & +’s mission is to select and financially and strategically support companies whose primary intention is to resolve one of these issues with high potential for transformation, commensurate with the social and environmental issues they address. Investir & + has supported 27 projects including Simplon, Recyclivre, Yuka, Murfy, les Alchimistes, Deuxièmeavis.fr, Auticiel.

For more information: https://fr.investiretplus.com/

About the Business Angels of the Grandes Ecoles (BADGE):

Founded in 2004, the Business Angels des Grandes Ecoles association (BADGE) is one of the first Business Angels networks in France. Its objective is to support the creation and development of innovative companies with high growth potential, as well as their financing. The BADGE network examines the files before putting entrepreneurs in touch with Business Angels investors, then organizes support for these young companies. Its members, with recognized professional experience, enrich them (training sessions, reciprocal exchanges, network, etc.).

Badge maintains relationships with the startup ecosystem (incubators, lawyers, alumni associations, investment companies). Since 2005, the Business Angels Grandes Ecoles have thus financed 187 companies by providing more than 38 M € which, by leveraging on other sources of financing, generated more than 100 M € of capital contributions to these companies.

Find out more: https://business-angels.info/

About Angels Health:

The leading network of health business angels in Europe, Angels Santé is at the heart of the seeds of health. Present in France, Angels Santé is also a key player in Europe by being a member of the European networks of Business Angels Europe (BAE) and European Business Angels Network (EBAN), as well as the operator of the EIT Health Investor Network program. Angels Santé aims to: Identify innovative European start-ups that offer to respond to the major challenges of the health system with high medical performance and economically responsible solutions. Promote their seed phase by providing the capital and expertise of its specialists. Unite general investors around its investment recommendations.

For more information on the Health Angels: https://www.angelsssante.fr/

About MELIES Business Angels:

Since its creation in Montpellier in 2006, MELIES Business Angels has brought together more than 290 individual investors in order to finance and support young regional companies with strong growth potential. These companies can call on the network for financing needs of between 100 K € and 1 M €. Labeled by the Ministry of SMEs / SMIs and by iSource, the association is a member of the national federation France Angels. MELIES Business Angels is also a founding member of Occitanie Angels, with Capitole Angels (Toulouse). This 1901 law association created at the end of 2016 brings together and represents business angel networks in Occitania. www.melies.fr

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See the campaign: https://wefight.co/enKey words:ReleaseLive, PR-Wirein, Financial content, Google News, Menafn, IPS, Reported hours, ICN internal distribution, English


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