LBO France makes seventh VC deal with OpenHealth

The other investors involved in the round remain undisclosed. The company has been previously backed by BPI France, notably in late 2015 and early 2017.

This is the eighth deal made by LBO France's Innovation arm, via its Sisa fund. The French buyout house acquired VC firm Innovation Capital from Caisse des Dépôts in 2016, thereby inheriting the firm's existing €68m commitments, in order to make a move into the venture space with a focus on the health sector.

LBO France also took over the VC's Sisa fund, which launched in February 2014 and supports research in healthcare and autonomy solutions for the elderly, also dubbed the "silver economy". At the time of the acquisition, the fund had gathered €68m in commitments, with BPI France as a main investor and other backers including French social protection players Klesia, Malakoff Médéric, IRCEM, OCIRP, Harmonie Mutuelle, Humanis and Réunica. The fund's €100m target remained unchanged. It invests tickets between €2-10m.

Company
OpenHealth was founded in 2015 and specialises in the collection and real-time analysis of healthcare data. The data sources include pharmacy sales data, geographical data, longitudinal patient data, outpatient medical data and international data. The company targets industrial and institutional customers.

OpenHealth employs around 50 staff across its Paris headquarters and production site in Vannes. It forecasts a €10m turnover for 2017.

People
LBO France – Ingrid Rayez (investment director).

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• Topics
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• LBO France