EIT Digital supported QuantifiCare raised EUR 5 million investment

QuantifiCare is a leading provider of 3D imaging cameras and algorithms for plastic surgeons, dermatologists and aestheticians. 

The EIT Digital Accelerator supported scale-up raised EUR 5 million 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. 

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.

Jean-Philippe Thirion, Founder & CEO of QuantifiCare

About QuantifiCare 

Founded in 2001 as a spin-off of INRIA, QuantifiCare is an imaging Contract Research Organisation (CRO) specialising in skin evaluations for clinical trials for 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 revolutionising the way plastic surgeons, dermatologists and aesthetic specialists are visualising 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 60 countries. The investment will allow the group to reinforce its leading position with top pharmaceutical sponsors and aesthetic practitioners, and develop its existing operations in the United States, Latin America, the Middle East and Asia.

About EIT Digital Accelerator / Access to Finance

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.

Daniel Michel, Head of Access to Finance (“A2F”) at EIT Digital

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 start-ups to access new markets and helped them raise more than EUR 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. 

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.

Jean-Philippe Thirion, Founder & CEO of QuantifiCare