All product teams have experienced the frustration of not being able to build collaboratively in real-time with team members. Liveblocks is on a mission to solve this pain point. Remote collaboration is now table stakes for any productivity app, and Liveblocks makes that trivial to implement. We’re excited to announce our pre-seed investment in Liveblocks, alongside Boldstart and a great group of angel investors including Moritz Plassnig (Seedcamp Entrepreneur in Residence!).

Liveblocks’s vision stands in the belief that the next generation of SaaS products are all going to be collaborative in real-time, and their goal is to help companies make that transition more easily. Their first unique API offering that was released in July, is a live presence block API. Product builders can integrate the API into the product with just a few lines of code, and team members will be able to see when someone is on the same page or product, as well as everyone’s cursor position, or text and content selection. Other products in the pipeline include online forms, virtual office, video editing tools, as well as a wide range of features including UI tools, 3D Design tools and presentation tools.

We were super impressed with the team’s background and vision. Previously, Steven ran Easee, a web animation tool that was acquired by Invision. This led him to work on design systems and tooling at Facebook messenger, and he also runs Gifmock, a tool used by thousands of people and enterprises to create Gifs. Guillaume is also a UX enthusiast, and has previously worked as a developer at Landr audio, Breather and Invision. Steven and Guillaume started working on Liveblocks in March 2021 but the two have already been working together for several years on real-time creative-tools.

“When we met the Liveblocks team, it was love at first sight! At Seedcamp, we are big fans of API-first products and we’ve seen across our portfolio how painful it is for teams to build and maintain real time collaboration features in their product,” Seedcamp Partner Sia Houchangnia states, “We are also convinced that Steven and Guillaume are the right founders to go after this massive opportunity. They have unique first-hand experience of the problem and are among the most talented product builders we’ve ever had the chance to back. It is still early days for the company but early adopters of Liveblocks are raving about the product and we are hugely excited to support the team as they launch all the lego bricks for real time collaboration over the coming months!”

Steven and Guillaume’s long-time vision is to make all digital experiences collaborative. The funds will be used to grow the team and continue product development. Liveblocks’ next product is a conflict-free live data storage solution that allows people to view and edit the same data in real time, so watch their space! You can check out Liveblocks here and their introductory video here


Building an API product that will disrupt the future of work and productivity? Apply for funding here.

Guillaume Salles (left) & Steven Fabre (right)

What HealthTech pioneers can learn from FinTech

In any industry, when a gap between supply and demand is prevalent and existing regulation fails to step in, the role of innovation for the public good is often taken up by startups. Nowhere is this more evident than in the healthcare space. Large delays in innovation linked to complex and widely different healthcare systems around the world, as well as outdated legacy software all provide the perfect foundation for wide-scale disruption. The sudden shifts in what we considered to be “normal” life through the COVID-19 pandemic shed light on the tremendous speed at which HealthTech startups are able to deploy lasting positive changes in our daily lives when given the right catalyst. 

Crises as a catalyst

There are certain parallels that can be drawn between the speed at which HealthTech solutions have been deployed to meet pressing needs and the FinTech boom over the last decade. We believe that the broader healthcare industry will follow FinTech’s trajectory.The 2008 financial crisis served as an inflection point; people lost trust in banking systems, which resulted in increased awareness in taking ownership over personal finances. Customers started looking for alternative, personalised and more engaging services as a consequence, coupled with the growing regulatory openings such as PSD2 on Open Banking.

For Healthtech, the COVID-19 pandemic proved to be the inflection point. As healthcare took centre stage in global discussions, individual awareness grew dramatically and an urgent need for personalised and alternative care solutions has arisen. This contributed to fast tracking deployment of services like telehealth, which now even allows for remote prescriptions under certain jurisdictions. Now more than ever, both patients and healthcare professionals (HCPs) expect healthcare to move faster and more seamlessly. The opportunity for HealthTech startups to leverage the wider FinTech stack within their products will help in facilitating global access to healthcare.

Breaking down the HealthTech value chain

At Seedcamp, we break down the HealthTech value chain by dissecting how someone would experience their personal health on a day-to-day basis. This covers four main categories: the first three capture the end-to-end patient journey – 1) getting sick, 2) receiving treatment, and 3) life after treatment. The final bucket covers the end-to-end software that HCPs engage with in their efforts to make the first three steps as seamless as possible for patients.

1. Medical Diagnosis (we get sick): Medical assessment tools, usually tech-heavy companies that may require both heavier funding and longer research/approval periods

2. Care Delivery (we get treated): Anything that involves interactions between patient and healthcare professionals

3. Quality of Life (our life after treatment): These aim to cover either the facilitation of recurring health-related issues (e.g. chronic disease treatment) or the enhancement of day-to-day life (e.g. healthier/longer life) 

4. “Software as a Stethoscope” (software for HCPs): Our co-founders Bahbak and Connell from Elephant Health say it best, Software has the same effect as a Stethoscope: it bolsters HCPs’ abilities to reach certain decisions while enhancing the patient journey at the same time.

We’ve seen some outstanding companies lead the way on the matter, across all four categories. If you’re building something with the ambition to truly redefine the vertical you’re tackling, please do get in touch and apply for funding here – we’d love to chat!

Some examples of companies that are already spearheading HealthTech innovation include: 

Kheiron’s medical diagnosis tool Mia, supports radiologists in mammograms to ultimately better evaluate breast cancer

Babylon’s reengineering of care delivery by allowing fast, personalised and seamless access to care for patients, while easing the burden on doctors through technology. We’re lucky to have Rabin Yaghoubi (ex-Babylon CCO) as an EiR at Seedcamp. He works closely with our portfolio companies on commercial topics. 

Maven’s ability to better the quality of life of mothers by supporting them throughout the parental journey 

Doctolib’s layering of software for HCPs in building their online booking tool (BMS), to a fully-fledged patient management system (PMS) for doctors. 

Seedcamp’s Healthcare Footprint

Over the years, we’ve made a series of bets that led to backing exceptional founders throughout the value chain mentioned above. It has been inspiring to follow the 33 different company journeys in their efforts to break down the barriers of healthcare and improve the overall human experience across the entire healthcare value chain. 

Seedcamp Portfolio (* = shut down or acquired)

One of the toughest bets to hedge within healthcare lies within the diagnosis technology realm. Ezra is one we were happy to make with Diego and Emi (a second-time Seedcamp founder!). Ezra’s affordable and accessible technology provides early-stage cancer screening through AI & MRIs. From easily booking an annual screening with your physician to managing your results, Ezra ensures the end-to-end experience will be comfortable and hassle-free for patients. At the peak of the pandemic, Ezra successfully pivoted into screening for lasting lung damage for COVID patients.

We’ve all found ourselves scouring the internet to find a trustworthy, affordable dentist within proximity. The ToothFairy app aims to cure the toothache that comes with finding the right dentist and proper individual treatments. With their past experience in the dentistry space, we are confident that co-founders Deepak and Kian have the ability to continue making the dentistry experience less painful, less costly and more seamless. By covering everything from initial scans, to tooth alignment and even emergencies, ToothFairy are in the running to become a category defining one-stop shop for our teeth.

Hi.health is on a mission to remove payments from healthcare. By simply scanning medical bills on a mobile device, they provide instant reimbursement to patients. Through the layering of FinTech on top of their insurance aggregation product, Hi.health decreases the financial burden of healthcare, making it more accessible for all. The founders behind Hi.Health has a stellar combination of experience: Fredrik has previously built a HealthTech company (mySugr) that was later sold to Roche, while Sebastian has spent a couple of years at McKinsey.

Elephant Health is laser-focused on digitizing frontline healthcare in emerging markets. The first thing that made us excited about Elephant wasn’t the mission (and it’s an awesome mission!) but the founders, Bahbak and Connell. They embody a lot of the characteristics we love to see in founding teams: deep topic expertise as both are experienced A&E doctors, a relentless hunger to build (Connell, underwhelmed by the tech in his emergency room, once built his own patient system); and the ability to talk fluidly about big, meaningful ideas. We made a bet on their vision after their initial four-month pilot program deployed in mobile refugee camps in the Middle East, supporting some 40k patients with digital health passports, while empowering clinicians with infrastructure to facilitate care. 

What we are looking for in companies moving forward 

We’re now at a time where the leaders innovating the healthcare industry have widely acknowledged that capital should also flow into health management processes rather than just deep into R&D. Many systems are broken and outdated, meaning there is still plenty of leeway for startups to innovate. We are at the point where we’re moving from reactive to proactive healthcare, which has the potential to improve both individuals’ health journeys and the health systems at-large. There are many more problems to be solved in the healthcare space and many founders in Europe tackling them head-on. If you are an ambitious founder who’s building something groundbreaking, we’d love to hear from you! Apply for funding here — we look forward to learning more!

While we highlighted some of our companies in the post, our portfolio includes many more ambitious health-related companies, a list of which you’ll find below:

Medical Diagnosis

Care Delivery

Quality of Life

Software as a Stethoscope