Agora Care SA raises CHF 1.8 million

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02.08.2022

Medtech startup Agora Care is the first company to develop a patient-centred platform for medical image storage and communication. Its second financing round of CHF 1.8 million will enable extending its clinical deployment in Switzerland.

Building on a decades-long track record of developing renowned open-source platforms for the management and analysis of medical images, the Agora Care team, led by Professor Osman Ratib (CEO) and Joël Spaltenstein (CTO), is determined to provide patients with the most secure and convenient digital platform for storage and management of medical images.

The Agora Care solution allows patients to fully control their medical images using a simple web-based platform, allowing them to share the results of imaging procedures with medical practitioners and healthcare providers anywhere in the world at any time.

The software architecture is designed to allow the transition to future Web 3.0 technologies. It helps extend any existing or future Electronic Medical Record (EMR) by linking imaging data to the rest of the patient’s record. This will provide seamless integration of all medical data through a single channel, thus facilitating access to the complete patient history for efficient management and follow-up.

“It is critical for patients to access all their radiological examinations. This is because the lack of access to previously performed examinations is a major source of erroneous medical decisions and unjustified costs - not to mention the unnecessary radiation that patients are exposed to due to repeated exams”, said Ratib.

Agora is currently running pilot studies in three major radiology networks in the French part of Switzerland. One started over a month ago and has collected over 100 patients, and the other will start this month. Next year, the startup plans to launch its solution in further European countries, followed by the US.

The newly completed seed financing round will enable the startup to implement the solution in more centres in Switzerland, starting in Fall. “We are in the process of hiring our sales force as well as support and implementation team to cover the whole Swiss market”, explains Ratib. The round includes 11 main investors, one VC, and a syndicate of 11 investors (family and friends). Four of the main investors invested in the first and second rounds.

(Press release/RAN)

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