EIT DIGITAL Accelerator announces that its supported scaleup QUANTIFICARE, a leading provider of 3D imaging cameras and algorithms for plastic surgeons, dermatologists and aestheticians, raised an A-round of 5m€ with LBO France to consolidate its global leadership position in their market.
Sophia Antipolis, France - QuantifiCare, a global leader in 3D imaging solutions for clinical trials and aesthetic specialists, announces it raised €5m from LBO France to accelerate its expansion plans and strengthen its prominent position in skin imaging worldwide. QuantifiCare is the first investment of Digital Health 2, the new venture fund of LBO France.
Founded in 2001 as a spin-off of INRIA, QuantifiCare is an imaging Contract Research Organization (CRO) specializing in skin evaluations for clinical trials to pharmaceutical and cosmetic companies in major indications such as dermatology, aesthetics, wound healing and oncology. Building upon state-of-the-art, patented technology, QuantifiCare also offers a full range of high-quality 3D cameras and software applications which are revolutionizing the way plastic surgeons, dermatologists and aesthetic specialists are visualizing pre and post-surgery, making treatment recommendations and ultimately improving communication with their patients.
QuantifiCare’s solutions have been deployed in several thousand clinical sites across sixty countries. The investment will allow the group to reinforce its leading position with top pharmaceutical sponsors and aesthetic practitioners, and further develop its existing operations in the United States, Latin America, the Middle East and Asia.
Jean-Philippe Thirion, Founder & CEO of QuantifiCare, explains: “We are thrilled to have LBO France, a leading investor in digital health, backing QuantifiCare and joining our board to help us execute our global strategy. We already offer the most advanced 3D solutions for medical and clinical use. The funds raised will enable us to intensify our marketing, R&D and operations internationally, accelerate our growth and strengthen our leadership position in 2D/3D skin imaging worldwide.”
QuantifiCare was supported by EIT Digital Accelerator in initiating and organising the fundraising round.
“We have been impressed by the expertise this company has developed in the field of optics, 3D imaging, and in marketing its solutions all across the globe. We are extremely proud to have supported QuantifiCare in this significant fundraising, focusing on deep-tech and image processing, which are areas covered in depth by EIT Digital Accelerator“, says Daniel Michel, Head of Access to Finance (“A2F”) at EIT Digital.
“The support provided by EIT Digital on this fundraising corresponded particularly well to our needs : not only the A2F team know perfectly well and introduced us efficiently to prominent investors from all over Europe, but it was also extremely stimulating for us to exchange our experience with the other Scale Up companies of the EIT portfolio. EIT support was key in the successful timing of our fundraising." added Jean-Philippe Thirion.
QuantifiCare, a spin-off of INRIA, is a global leader in 2D/3D imaging systems and services helping Sponsors and CROs to bring quality and simplicity to the evaluation of images for clinical trials in dermatology, aesthetics, wound care and oncology. Founded in 2001, QuantifiCare has built on its clinical experience and expanded to provide a full range of innovative 3D imaging systems for dermatologists and plastic surgeons to visualize pre-post treatments, measure and simulate surgical interventions and better communicate with their patients. QuantifiCare has conducted hundreds of clinical trials and the patented award winning 3D LifeViz® systems are used in over sixty countries. The company is expanding its patented technologies and services to include AI and Cloud applications. With headquarter offices in France and operations in the USA, Latin America and Asia, QuantifiCare is poised for tremendous growth in the future.
About EIT Digital Accelerator / Access to Finance
The EIT Digital Accelerator comprises a team of experienced business developers and fundraising experts operating from 13 cities across Europe as well as a hub in San Francisco. Since 2012, they have supported more than 260 startups to access new markets and helped them raise more than €100 million in investment to date. As part of the Accelerator, the Access to Finance programme opens doors to European and international venture capital funds, helping company founders and CEOs get all-important first meetings with investors seeking to finance fast-growing business opportunities.