# Tonic App

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tonic-app-s-a

- Industry: Healthcare IT
- Headquarters: Porto, Portugal
- Website: www.tonicapp.io
- Total disclosed funding: $12M
- Latest round: Series A (Mar 26, 2024)
- Investors on record: 7

## About

Founded in 2016 and based in Porto, Portugal, Tonic App, S.A. is a spin-off of the University of Porto. Tonic App was co-founded by Daniela Seixas, Andrew Barnes, and Dávid Borsós. The company provides a mobile application that connects medical doctors. The application enables users to discuss clinical cases, search for clinical guidelines, check drug conversion, share medical images, access diagnostic trees, and get updates on the healthcare industry. In March 2024, Tonic App, S.A. raised EUR 10.85 million in a series A funding round co-led by investors BlueCrow Capital and Iberis Capital, with participation from Vesalius Biocapital, Portugal Ventures, Armilar Venture Partners, Shilling Capital Partners, and FSNB Health & Care also participated in the round.


Tonic App offers a platform that assists doctors in diagnosing, treating, and referring patients by providing structured pathways for various conditions such as skin infections, heart failure, and Parkinson's disease. The app includes calculators for dosing antibiotics and other medications, as well as tools for checking drug interactions. Additionally, the Tonic App includes educational games like Tonic Words and Tonic Quiz to help doctors stay engaged and up to date with medical terminology and clinical knowledge. In addition, the company offers weekly updates on job openings in various specialities, both in the private and public sectors, including cross-border opportunities. The tool also provides a summary of the healthcare news and access to relevant articles and tweets.


The company will use the March 2024 funding to support manpower and geographic expansion

## Funding rounds

- Series A, Mar 26, 2024, $12M — Portugal Ventures, Armilar Venture Partners, Vesalius Biocapital, Shilling Capital Partners, Iberis Capital, BlueCrow Capital, FSNB Health & Care
- Seed, Dec 30, 2016 — Portugal Ventures

## Investors

- Portugal Ventures (https://capitalatlas.ai/funds/portugal-ventures) — Seed, Series A
- Armilar Venture Partners (https://capitalatlas.ai/funds/armilar-venture-partners) — Series A
- Vesalius Biocapital (https://capitalatlas.ai/funds/vesalius-biocapital) — Series A
- Shilling Capital Partners (https://capitalatlas.ai/funds/shilling-capital-partners) — Series A
- Iberis Capital (https://capitalatlas.ai/funds/iberis-capital) — Series A
- BlueCrow Capital (https://capitalatlas.ai/funds/bluecrow-capital) — Series A
- FSNB Health & Care — Series A