Blog
moveUP Secures Strategic Investment to Expand Globally
September 20, 2023
moveUP, the leading Belgian digital health company with operations spanning the European Union, the United States, and Australia, has successfully concluded a new funding round to accelerate the expansion of its innovative health platform for its domestic and international markets.
All existing investors (Karista, White fund, Qbic, Carevolution, Nina Capital, finance&invest.brussels, Sambrinvest)reaffirmed their commitment to moveUP, and the company welcomed new investors from the United States and the European Union, underscoring the broadening global interest in moveUP's digital health solutions.
Among the new contributors is Ethias Ventures, the venture capital entity of the leading Belgian insurer Ethias which is along-time partner of moveUP. By investing in the company, Ethias vindicates its satisfaction with its current collaboration, its willingness to invest in a start-up offering innovative solutions with added social value solutions and also the potential for partnership between the healthcare and insurance sectors.
Ciaran McCourt, CEO of moveUP, expressed his enthusiasm for the investors' belief in the company's potential, stating,"We are thrilled by our investor’s continued support and very excited about Ethias joining our round with its added strategic value. Their confidence in our vision is inspiring. We have already demonstrated our significant impact in the curative sector, where our remote monitoring platform and care services have been instrumental in assisting caregivers across various therapeutic domains in enhancing patient outcomes, satisfaction, and operational efficiency. Increasingly, our initiatives are commencing earlier in the healthcare continuum, focusing on secondary prevention and outcome prediction. This ensures that every patient receives timely and tailored guidance and treatment. With this, we are dedicated to making a meaningful impact and actively contributing to solutions for the challenges posed by rising healthcare costs and staffing shortages."
Nicolas Dumazy, Board Director of EthiasVentures, also highlighted the investment's significance, stating, "I’m very enthusiastic about our investment in moveUP as healthcare is one of major focuses. This investment demonstrates our commitment to the vision and impact of digital health in terms of delivering innovative solutions that benefit our policy holders, Belgian society, and the wider market”.
This funding round propels moveUP towards its goal of reshaping global healthcare, with diverse investors backing their mission.
For media inquiries and further information, please contact:
· moveUP : Charles-Eric Winandycharles-eric@moveup.care
· Ethias : Albane Lairesse press@ethias.be
About moveUP:
moveUP is a leading Belgian digital health company operating across the European Union, the United States, and Australia. Dedicated to transforming healthcare through innovative digital solutions, moveUPs platform empowers individuals and enables patient treatment, all while fostering efficient multidisciplinary collaboration. Their solutions cater to a wide range of individuals, from those with musculoskeletal issues to individuals dealing with more complex chronic conditions that necessitate support for behavioral change."
For more information about moveUP, please visit: www.moveUP.care
About Ethias Ventures:
Ethias Ventures is the venture capital arm of theBelgian Ethias group. It invests in innovative European start-ups relevant in the ecosystems related to insurance such as Mobility, Health andProperty. Beyond investments, Ethias Ventures also creates partnership opportunities with Ethias insurance business to accelerate the growth of the start-ups. With Ethias Ventures, you can rely on the proven expertise and outstanding position of Ethias in the Belgian insurance market (number one Direct Insurer with 1.2 Mios B2C customers, 46.5K B2B customers) which has an InsurerFinancial Strength (IFS) Rating at 'A' (May 2023).
https://www.linkedin.com/company/ethiasventures
moveUP, the leading Belgian digital health company with operations spanning the European Union, the United States, and Australia, has successfully concluded a new funding round to accelerate the expansion of its innovative health platform for its domestic and international markets.
All existing investors (Karista, White fund, Qbic, Carevolution, Nina Capital, finance&invest.brussels, Sambrinvest)reaffirmed their commitment to moveUP, and the company welcomed new investors from the United States and the European Union, underscoring the broadening global interest in moveUP's digital health solutions.
Among the new contributors is Ethias Ventures, the venture capital entity of the leading Belgian insurer Ethias which is along-time partner of moveUP. By investing in the company, Ethias vindicates its satisfaction with its current collaboration, its willingness to invest in a start-up offering innovative solutions with added social value solutions and also the potential for partnership between the healthcare and insurance sectors.
Ciaran McCourt, CEO of moveUP, expressed his enthusiasm for the investors' belief in the company's potential, stating,"We are thrilled by our investor’s continued support and very excited about Ethias joining our round with its added strategic value. Their confidence in our vision is inspiring. We have already demonstrated our significant impact in the curative sector, where our remote monitoring platform and care services have been instrumental in assisting caregivers across various therapeutic domains in enhancing patient outcomes, satisfaction, and operational efficiency. Increasingly, our initiatives are commencing earlier in the healthcare continuum, focusing on secondary prevention and outcome prediction. This ensures that every patient receives timely and tailored guidance and treatment. With this, we are dedicated to making a meaningful impact and actively contributing to solutions for the challenges posed by rising healthcare costs and staffing shortages."
Nicolas Dumazy, Board Director of EthiasVentures, also highlighted the investment's significance, stating, "I’m very enthusiastic about our investment in moveUP as healthcare is one of major focuses. This investment demonstrates our commitment to the vision and impact of digital health in terms of delivering innovative solutions that benefit our policy holders, Belgian society, and the wider market”.
This funding round propels moveUP towards its goal of reshaping global healthcare, with diverse investors backing their mission.
For media inquiries and further information, please contact:
· moveUP : Charles-Eric Winandycharles-eric@moveup.care
· Ethias : Albane Lairesse press@ethias.be
About moveUP:
moveUP is a leading Belgian digital health company operating across the European Union, the United States, and Australia. Dedicated to transforming healthcare through innovative digital solutions, moveUPs platform empowers individuals and enables patient treatment, all while fostering efficient multidisciplinary collaboration. Their solutions cater to a wide range of individuals, from those with musculoskeletal issues to individuals dealing with more complex chronic conditions that necessitate support for behavioral change."
For more information about moveUP, please visit: www.moveUP.care
About Ethias Ventures:
Ethias Ventures is the venture capital arm of theBelgian Ethias group. It invests in innovative European start-ups relevant in the ecosystems related to insurance such as Mobility, Health andProperty. Beyond investments, Ethias Ventures also creates partnership opportunities with Ethias insurance business to accelerate the growth of the start-ups. With Ethias Ventures, you can rely on the proven expertise and outstanding position of Ethias in the Belgian insurance market (number one Direct Insurer with 1.2 Mios B2C customers, 46.5K B2B customers) which has an InsurerFinancial Strength (IFS) Rating at 'A' (May 2023).
https://www.linkedin.com/company/ethiasventures
