Top Health Tech Startups Revealed Ahead of HLTH Europe 2025
Black Book Research has unveiled the most promising European healthcare IT startups selected by investors for their growth potential, regulatory readiness, and scalability. The selection was based on a rigorous evaluation by 407 venture capitalists, private equity analysts, and investment bankers who scored the startups across 10 Key Performance Indicators (KPIs).
These top startups are being highlighted at HLTH Europe 2025, where differentiation among early-stage companies is crucial. “In a crowded exhibitor landscape, these specific startups rise above based on what matters most to investors: market readiness, regulatory alignment, and demonstrated health system traction,” said Doug Brown, Founder of Black Book Research.
Investor Methodology
Startups were evaluated on a 0-10 scale across 10 qualitative KPIs, totaling 100 possible points. The KPIs included clinical impact potential, scalability across health systems, strategic partnerships, regulatory trajectory, and patient demand, among others. This comprehensive framework identified startups likely to thrive in the European healthcare market.
Top 18 European Healthcare IT Startups
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Lindus Health (UK) – Score: 97
- AI-powered clinical trials, regulatory head start, $79M+ raised
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Quibim (Spain) – Score: 95
- Advanced AI imaging, strong IP portfolio, hospital traction
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Neko Health (Sweden) – Score: 95
- Preventive diagnostics, mass-market scalability, trust-based brand
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Aidoc (Israel/EU) – Score: 94
- Mature radiology AI, CE-cleared, enterprise deployment in EU
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Owkin (France) – Score: 93
- Federated learning AI for pharma, strong data privacy framework
Other notable startups include Ada Health, Koa Health, Withings, Thymia, and HeliosX, among others.
Key Trends Driving Investor Interest
- 81% of investors cited regulatory readiness as a top funding criterion.
- 94% of the top 18 startups featured AI and machine learning capabilities.
- Many recognized firms have achieved early profitability or contractually-backed scalability.
Black Book Research is an independent healthcare technology and services research firm known for its unbiased insights. The firm guides C-suite leaders, private equity firms, and health system executives with qualitative KPIs tailored to market transformation and ROI.
For more information, visit Black Book Research website.
