👣 Two major steps towards European Health Assurance ⭐ We are thrilled to support both Doccla and Neko Health expanding their footprint across Europe this week. These two businesses are taking major steps to advance preventative care, critical for the delivery of Health Assurance. At General Catalyst, our European Health Assurance thesis is to build scaled businesses at the intersection of healthcare and technology across geographies. The health aspirations and care needs are the same for consumers and the vulnerabilities of the health systems are similar. However, the build is not easy; each country presents a unique set of challenges—distinct regulatory frameworks, differing care infrastructure, diverse payment models, and legacy technologies – that add complexity. But for the most ambitious, mission-driven European entrepreneurs, complex problems are the greatest opportunities! Born in Sweden, Doccla and Neko were built by Martin Ratz, Dag Larsson, Daniel Ek and Hjalmar Nilsonne respectively with big visions to scale across borders. While they operate at opposite sides of the acuity spectrum and have different approaches to reimbursement, they share an obsessive focus on building consumer-centric, technology-enhanced platforms that engage people in primary, secondary and tertiary preventive care. Just as most of the successful companies of the last decade have radically changed consumer behaviour, Doccla and Neko are standard bearers in a movement that will fundamentally transform how people approach their health. Since our investment, Doccla has scaled to serve over half of the NHS trusts, reducing emergency department visits by up to 60%. With a £35M Series B funding round, Doccla are primed to bring their virtual hospital solutions to France and Germany, bringing the same hospital-grade care to patients in the comfort of their home as in the UK. Neko has facilitated thousands of full body scans in Sweden and uncovered critical health issues that have spared many individuals. Now, with their expansion into the UK, they are cementing their position as the leading destination in Europe for consumers to gain a comprehensive understanding of their health. At General Catalyst, we are committed to creating, investing, partnering and operating to enhance the resilience of European healthcare. We see tremendous value in catalysing this European movement and invite founders, investors and traditional healthcare leaders from across the continent to join us in the pursuit of Health Assurance. The existing 'sick' care system is in a precarious state and can only be transformed into a more proactive, affordable and accessible one if we work together! Hemant Taneja, Jeannette zu Fürstenberg, Paul Kwan, Alexandre Momeni
Andreas Cleve
6mo
👏👏👏👏
Mark Ransford
6mo
Love it! 🫶
Tommy Stadlen
6mo
Two of the very best!
It's exciting to see such innovative initiatives taking shape in European healthcare! The focus on preventative care is essential for transforming health outcomes. What do you think are the key challenges these companies might face as they expand into new markets?