Swedish healthtech startup Tandem Health has raised $50m in Series A funding for its AI-powered assistant for clinicians.
Founded in 2023, Tandem builds and sells an AI medical copilot — software and an accompanying recording device — used by clinicians to record and transcribe patient consultations. The transcriptions generated by the technology can then be instantly transferred over to clinicians’ medical recording systems.
Tandem’s latest funding round was led by Swedish VC Kinnevik with participation from Northzone, Amino Collective and Visionaries Club.
Originally a note-taking app for patient consultations, Tandem’s AI can now generate other types of clinical documentation, from sick leave letters to referral notes and patient communications.
The company’s tech is currently used by over 1,000 healthcare organisations — from small general practices to large hospitals — across the Nordics, UK, Germany, France and Spain, which pay a license fee per month per user.
Now Tandem plans to expand operations in those countries and beyond — with Italy among the likely new target markets — while also investing in further product development, CEO and cofounder Lukas Saari tells Sifted.
Tandem’s grown from five to 50 people over the past year and expects to at least double again over the next six months. “We’re hiring everyone that meets our talent bar,” says Saari.
What’s next for Tandem?
Within the next six months or so, Tandem plans to roll out a “medical ChatGPT”-like feature which, unlike OpenAI’s LLM, will be built specifically to comply with GDPR data laws for medical use, Saari tells Sifted.
Tandem also plans to introduce agentic AI functions to the technology, so rather than just generating notes, it will be able to send them to the intended recipients.
“We will further develop the product from the current more administrative AI assistant that we have towards […] what is rather the AI native operating system of clinics where clinicians will have complete AI medical assistance,” Saari says.
“We’re building towards the future where the clinician essentially can come into their consultation room in the morning, meet patients all day long and barely need to interact with their computer.”
Tandem’s ‘doctor-preneurs’
For Saari, the product must remain simple and intuitive: “People who are not digitally native should be able to use it.”
To support this, Tandem offers onboarding training and follow-up sessions. And if users get stuck, 30 of Tandem’s team members offer live, online assistance — 80% of whom, Saari says, have a medical degree or clinical experience. “We probably have the most expensive customer support team in the world.”
When hiring, Saari looks for people with both clinical backgrounds and a proven interest in entrepreneurship or business. That mix can be hard to find in some markets, he says — especially in countries like France, where clinicians with startup experience are rarer.
With healthtech frequently acquired by bigger players or healthcare groups, is that on the cards for Tandem?
Keeping Tandem independent allows Saari to enjoy greater personal “autonomy and ownership” over the company than he would otherwise have, he tells Sifted.
“I am very much setting out to build a generational company here.”
Read the orginal article: https://sifted.eu/articles/tandem-series-a/
