PatchAi Srl Asset Profile

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Year established

2018

Location

Padova Italy

Primary Industry

Healthcare IT

About

Based in Padova, Italy, and founded in 2018, PatchAi Srl operates as a developer of a platform that features patient support programs, and a dashboard for keeping overall tracking of a research study, its clinical trials, and its participants. The company was founded by Filip Ivancic, Alessandro Monterosso, Kumara Palanivel, and Daniele Farro as they identified the unmet needs of patients and doctors in clinical trials. It won ten national and international competitions including the 2019 Big Ideas Competition, 2019 Patients’ Digital Health Awards, and the Entrepreneurship World Cup 2020 for the growth category. In January 2021, PatchAi raised a EUR 1.7 million funding round. PatchAi Srl develops the digital healthcare platform PatchAi® Web Dashboard alongside its Conversational Patient Reported Outcomes (Co-PRO®) which is a virtual companion that uses artificial intelligence for patients’ self-management of their protocol and therapy adherence while providing real-time clinical results and decision support for clinicians. PatchAi Srl’s revenue is generated by providing its software and support services to pharmaceutical research companies during clinical trials. Following its latest funding round, the company plans to expand its business to other therapeutic areas and expand internationally.

Current Investors

Creadev, Alira Health, UV-Cap

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Primary Industry

Healthcare IT

Sub Industries

Healthcare IT, Medical Software, Analytics & Performance Software

Website

www.patchai.io

Verticals

Artificial Intelligence, HealthTech

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Deals

Deals Type
Add-on, Trade Sale

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	PatchAi Srl	16 Nov 2021

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