Tonic App successfully raised €3.5 million to accelerate its expansion into key European markets, following strong domestic growth and partnerships with leading healthcare firms.

Target Information

Tonic App, co-founded and led by physician Daniela Seixas, is a startup that has successfully developed a mobile application favored by over 12,000 medical doctors. Launched in 2016 in Porto as a spin-off from the University of Porto, the app is designed to streamline the daily activities of healthcare professionals by bringing together essential resources in one platform. Within just two and a half years, Tonic App has secured the CE marking as a medical device and achieved substantial penetration in the Portuguese market, acquiring over 30% of local doctors. The recent investment of €3.5 million will allow for further expansion into France, Spain, and the United Kingdom, tapping into major European healthcare markets.

Industry Overview in Portugal

The digital healthcare sector in Portugal is experiencing significant transformation, driven by the integration of technology in clinical practices. The increasing acceptance of digital platforms by medical professionals emphasizes the necessity for innovative solutions that address the evolving needs of healthcare delivery. As a result, startups focusing on digital health have started to flourish, supported by an increasing number of investors looking to capitalize on this growth opportunity.

Portugal has witnessed an upswing in health technology investments, with the government actively promoting initiatives to enhance the healthcare system through technology. The availability of venture capital funding and support from institutions li