Karma Ventures participates in the $10M Series A funding round to Infermedica

07 August 2020
Our member Karma Ventures participated in the $10 million Series A funding round to Infermedica - a Poland-founded health-tech startup that offers an AI-driven platform for preliminary diagnosis and triage.

The round is led by the European Bank for Reconstruction and Development (EBRD) and digital health fund Heal Capital. Existing investors Karma Ventures, Inovo Venture Partners, and Dreamit Ventures also participated.

Infermedica says the investment will be used for platform R&D to further enhance its patient triage and symptom-checking features and clinical decision support analysis. The company is also planning to expand operations in Germany and the U.S. The new capital means the startup has raised $15 million in total to date.

Founded in 2012 in Wrocław by CEO Piotr Orzechowski, Infermedica describes itself as an “AI-driven, customisable, multi-language” platform that aids patient care and healthcare service delivery. Like a plethora of competitors, such as Ada Health, Babylon and Your.MD, it combines the expertise of doctors with its own algorithms to offer symptom triage and advice to patients.

Notably, the company operates a B2B model, working with insurance companies, telemedicine companies and health systems that want to offer digitally delivered symptom-checks. It positions itself as “API-first,” as well as white-labeling its platform on behalf of customers.

“We’re focused on improving the way patients make decisions about their symptoms,” explains Orzechowski. “According to studies, the majority of internet users search online when they’re feeling unwell, but it’s hard to find accurate and personalized answers about our own health. To help everyone evaluate their symptoms in a quick and reliable way, we’ve developed a carefully curated AI platform that asks diagnostic questions and computes the likelihood of primary care conditions. With nearly 40,000 hours of physician work and 6,000,000 completed user checkups, we are among the most trusted vendors of symptom checking technology.”

Further information
Margus Uudam
Karma Ventures
Founding Partner

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