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August 21, 2023

Lindus Health Secures $18M Series A Funding

Lindus Health Clinches $18M in Series A Funding to Revolutionize Clinical Trials Landscape

In a resounding endorsement of its groundbreaking mission, London-based research powerhouse Lindus Health has achieved a monumental feat, securing a robust $18 million in a Series A funding round. This infusion of capital is set to catalyze the company's ambitions to redefine clinical trials and usher in a new era of healthcare advancements.

Lindus Health's unwavering commitment to revolutionizing clinical trials has garnered remarkable support, highlighted by the substantial $18 million funding injection. The funds raised are earmarked to bolster Lindus Health's proprietary end-to-end clinical trials platform, a technology-driven solution designed to elevate the quality and efficiency of clinical data collection. This technology promises a more comprehensive and refined approach to understanding diverse medical conditions, ranging from depression to diabetes. With a commitment to enhancing the quality of research data, Lindus Health seeks to expedite the development of breakthrough treatments that stand to transform patients' lives.

The Series A funding round was spearheaded by Creandum, a frontrunner in the investment landscape known for its association with tech giants like Bolt, Klarna, and Spotify. Joining forces with Creandum are influential names, including Seedcamp, Hambro Perks, and the renowned Peter Thiel. This strategic confluence of investors brings financial support and a resounding vote of confidence in Lindus Health's mission to reshape the healthcare landscape.

Lindus Health's journey has already witnessed collaboration with esteemed institutions such as the University of Oxford, Cambridge University, Yale University, and AstraZeneca, touching the lives of over 20,000 patients through a spectrum of clinical trials. With a renewed focus on transformative treatments for conditions such as menopause, tinnitus, insomnia, and childhood myopia, Lindus Health's impact is poised to reverberate across the healthcare realm.

Lindus Health co-founder Meri Beckwith's sentiments encapsulate the driving force behind this transformative endeavor. The current clinical trials landscape, Beckwith emphasizes, stifles healthcare progress, perpetuating delays and high costs for treatments. With this infusion of capital, Lindus Health's mission to catalyze a more agile and productive life sciences industry gains momentum in the service of patients and healthcare advancement.

In the words of Creandum's Fredrik Cassel, Lindus Health's approach aligns seamlessly with the technological evolution that the clinical trials domain demands. With an AI-powered, tech-first strategy, Lindus Health's potential to reshape global healthcare is boundless. As Lindus Health strides forward, armed with a visionary mission and a consortium of supportive investors, the healthcare landscape stands poised for profound transformation.

Neil Hodgson Coyle
Neil Hodgson-Coyle
Editorial chief at TechNews180
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