# European Telemedicine Clinic, S.L.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/european-telemedicine-clinic-s-l

- Industry: Healthcare IT
- Headquarters: Barcelona, Spain
- Website: www.telemedicineclinic.com
- Total disclosed funding: $9.9M
- Latest round: Series A (Sep 19, 2007)
- Investors on record: 1

## About

European Telemedicine Clinic, S.L. is a healthcare provider specializing in telemedicine services, particularly in teleradiology, enabling remote access to expert radiologists for timely diagnostics across various regions.Founded in 2002 and headquartered in Barcelona, Spain, European Telemedicine Clinic, S.L. delivers innovative telemedicine solutions, primarily focusing on teleradiology. The company has successfully raised funds through a SERIES A round led by Kennet Partners, securing EUR 7.00 mn in total, which matches their overall fundraising amount. The company has completed 4 deals to date.Telemedicine Clinic (TMC) provides high-quality subspecialist radiology services through a collaborative network of over 350 radiologists. Their offerings include tailored teleradiology reporting services for clients in the UK, Sweden, and Denmark, addressing healthcare challenges by facilitating remote access to subspecialist expertise. Using their proprietary technology platform, Optemis, TMC integrates advanced AI into their reporting processes, enhancing accuracy and efficiency. Their services cater to hospitals, clinics, and diagnostic centers, ensuring reliable radiology services irrespective of location.In 2022, TMC reported a revenue of EUR 47,107,585.20, with an EBITDA of EUR 1,602,714.30. Their revenue model is founded on B2B partnerships with healthcare providers, offering subscription-based access to their teleradiology services through contractual agreements that accommodate various reporting needs.Looking ahead, European Telemedicine Clinic plans to enhance its service offerings through the development of new products aimed at improving patient diagnostics. Additionally, the company aims to expand its operations into new geographic regions, specifically targeting additional markets within Europe by the end of 2024. Recent funding from the SERIES A round will be allocated to support these expansion efforts and the development of innovative solutions in telemedicine, following the exit of Unilabs, a portfolio company of Apax Partners, from its stake in the clinic.

## Funding rounds

- Series A, Sep 19, 2007, $9.9M — Kennet Partners

## Investors

- Kennet Partners (https://capitalatlas.ai/funds/kennet-partners) — Series A