Bengaluru: The healthcare apps seem to be attracting a lot of attention from VC firms in the past few weeks as SkinVision, a three-year old skin cancer detection and awareness app, raises $3.4 million in its Series A funding round led by global healthcare firm – Leo Pharma. The company plans to shell-out the fresh capital to enhance its technology and build strong partnerships with national healthcare systems in selected markets. As a part of this deal, LEO Pharma will collaborate with SkinVision’s leadership team to expand SkiVision’s technology market globally.
“We are delighted to reach this agreement with LEO Pharma, because it will enable us to expand into new areas and it validates our approach,” says Dick Uyttewaal, CEO, SkinVision B.V. “LEO Pharma has a great reputation and range of products in the treatment of skin conditions, so there is clear synergy between the two companies. We want to be the leading provider of digital solutions for skin conditions and together with LEO Pharma we believe we can provide consumers with even more personalized, informative healthcare services,” he added.
Speaking about their new investment, Kim Kjoeller, Senior VP of Global Development, LEO Pharma cites, “The Internet is dramatically changing how consumers manage their health and this creates new opportunities for us to deliver innovative, value-added services and LEO Pharma wants to be at the forefront of that trend. I’m very pleased to announce our investment in SkinVision as this deal will provide access to unique digital learnings that will ultimately help us address the unmet needs of individual patients in an ever changing and increasingly digital healthcare environment”.
Headquartered in Amsterdam, SkinVision is a mobile app that creates awareness about skin cancer among its users by making them understand the risk factors of melanoma skin cancer and also helps them to keep an eye on their moles. Through the app, users can understand their UV index and skin type. In addition to this, they can also check their moles by taking a photo and receiving an instant analysis of their moles. The app also assists the users to find a dermatologist in their vicinity. The company’s app is available on both iOS and Android platforms has seen over 200,000 downloads till date.