25/01/2022

Press release

RESILIENCE ANNOUNCES NEW €40M SERIES A ROUND LED BY CATHAY, AND ALSO FOLLOWED UP BY SINGULAR, EXOR SEEDS, PICUS CAPITAL AND SEAYA VENTURES.

Resilience, the healthtech company specializing in remote monitoring and therapeutic follow-up of cancer patients, announced today a new €40 million financing (Series A). This funding will allow the company to accelerate the deployment of its medical devices (CE Class IIa) in healthcare institutions and to enrich its application with new functionalities dedicated to the well-being of patients. Resilience also intends to create a foundation to fund research projects that improve patient’s adherence to treatment and their quality of life.

This fundraising is unique in that it brings together experienced investors from a broad range of backgrounds to combine their expertise to support Resilience’s rapid development.

This Series A round is led by Cathay Innovation, a global venture capital fund with a leading track record in digital health, with strong support from Singular, a French investment fund with strong European ambitions which already participated in the first €5M round in March 2021. Other prestigious investors such as Exor Seeds (an Italian family office led by John Elkann, particularly invested in technology and healthcare), Picus Capital (a German fund specialized in seed capital led by the Samwer brothers, founders of Rocket Internet) and Seaya Ventures (a Spanish venture capital fund founded by Beatriz González that invests in Europe and Latin America) also participated. A consortium of well-recognized players in the healthcare sector, including Fondation Santé Service, MACSF, Ramsay Santé and Vivalto Ventures completes this round.

«We are proud to have the confidence and support of seasoned and committed healthcare professionals and funding with international ambitions. We are deeply convinced, as proven by the CAPRI study, of the contribution of remote patient monitoring in oncology. We want to accelerate its adoption in health institutions and thus quickly allow patients to benefit from a better adapted, more personalized and above all more human follow-up» say Jonathan Benhamou & Céline Lazorthes – Co-founders of Resilience.

«Through its innovative technologies to improve patient’s quality of life and the effectiveness of therapeutic treatments, Resilience is starting a profound transformation in the fight against cancer. Our investments in digital health over years, have proven to us the necessity to reinvent cancer care. We are convinced that the solutions developed by Resilience represent a major breakthrough both for patients and caregivers and we are thrilled to contribute to their deployment alongside a group of experienced and committed investors«, said Jacky Abitbol, Managing Partner at Cathay Innovation.

Remote therapeutic monitoring: scientifically proven results and accelerated adoption due to its coverage by Social Security

At the ASCO 2020 congress, the results of the CAPRI (Cancérologie Parcours de soins région Île-de-France) study were presented, providing the first scientific proof that a device combining digital technology and a new human organization significantly improves the clinical follow-up of patients treated with oral anticancer therapies. An innovative solution developed by Gustave Roussy’s research teams since 2015, CAPRI has demonstrated its ability to reduce toxicities related to side effects, which can sometimes force the reduction or interruption of treatments, and to reduce both the number and duration of hospitalizations related to these toxicities. Patients have expressed very positive feelings about CAPRI.

Since January 1, 2022, remote monitoring of chronic patients has become common law, thanks to Article 24 of the French Social Security Financing Bill (PLFSS 2022). In other words, remote monitoring is now reimbursed by Social Security.

Resilience has already deployed its solutions at the Centre Hospitalier (CH) Côte Basque, CH Valenciennes, Centre de cancérologie Les Dentellières (Valenciennes), Gustave Roussy, CHU Bordeaux and intends to strongly accelerate its adoption in 2022. It relies in particular on its partnerships with Ramsay Santé, ELSAN and Vivalto.

About Resilience

Co-founded in 2021 by two tech entrepreneurs, Céline Lazorthes and Jonathan Benhamou, and the Gustave Roussy Institute, the 5th largest cancer center in the world, Resilience’s mission is to reinvent the way we treat cancer through digital and remote medical monitoring. By deploying its CE-marked medical devices (Class IIa) and its application dedicated to patient well-being, Resilience intends to accelerate the use of remote monitoring between patients and healthcare institutions. This will improve quality of life and increase overall survival, but will also strengthen the link with healthcare professionals. Resilience is supported by international investment funds (including Cathay Innovation and Singular) and a consortium of healthcare players: Fondation Santé Service, MACSF, Ramsay Santé, and Vivalto Ventures. It benefits from a leading scientific advisory board, including Ethan Basch, a world-renowned oncologist and researcher and Director of Research at the University of North Carolina.

About Cathay Innovation

Cathay Innovation is a global venture capital partnership, created in affiliation with Cathay Capital, investing in startups at the center of digital revolution across North America, Latin America, Europe, Asia and Africa. Its global platform unifies technology investment across continents, investors, entrepreneurs and leading corporations to accelerate startup growth with access to new markets, invaluable industry knowledge and introductions to potential partners from the start. As a multistage fund with over $1.5 billion assets under management and offices across San Francisco, New York, Paris, Shanghai, Beijing and Singapore, Cathay Innovation partners with visionary entrepreneurs and startups positively impacting the world through technology.

About Seaya Ventures

Seaya Ventures is a leading European & Latin-American Venture Capital firm based in Spain, investing in value-driven founders who are building global technology companies with a sustainable approach.

Since raising its first fund in 2013, Seaya manages €350M across three early-stage funds. Seaya Ventures accelerates startup growth by working with the founders to enhance their strategic vision, putting at their disposal its global platform, its strong network of founders, investors and corporates, as well as Seaya’s experience in scaling leading companies such as Glovo, Cabify, Wallbox (NYSE:WBX), Spotahome, Clarity AI, Clicars and Savana.

Nuevos informes y series de datos: El Capital riesgo Informal en España 2021 / Informe de Impacto Económico y Social del Capital Privado en las operaciones de Middle Market en España. 2018 (ASCRI) / Informe de Impacto Económico y Social de los préstamos otorgados por Enisa

Otros informes destacados: Madurez del Venture Capital en España.  (English version)/ Financiación de startups de Energía en España / El tiempo de las desinversiones en Private Equity en España (English version)

Webcapitalriesgo.com está patrocinada por Quantum Capital Partners 

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