Byteflies raises 4.5 million euros to lead the way

Scale-up, Byteflies is a wearables specialist that aims to facilitate virtual remote monitoring of patients across the healthcare pathway. Byteflies already supports 35% of Belgian hospitals with specialised remote patient monitoring solutions, such as smart patches for monitoring patients with epilepsy, heart problems or Covid. They are now committing to the implementation of remote patient monitoring across all disease states and wish to expand their monitoring abilities to include monitoring patients before, during, and after their admission to hospital. In order to accelerate this further growth and make the underlying patient data platform accessible for virtual monitoring, the company raised 4.5 million euros from investment fund Sensinnovat, several business angels and VLAIO. The aim of this expansion is to help improve patient care by giving stakeholders access to remote monitoring tools, real-world data and relevant clinical insights

Co-CEO of Byteflies Hans Danneels: "We are already working with a lot of hospitals and healthcare specialists today. We clearly sense the willingness to use remote patient monitoring much more widely. On the one hand, they see the benefits for the patient and on the other because the pressure on our healthcare system remains extremely high, partly due to staff shortages. By making hospital admissions virtual to a large extent, we can relieve that pressure while also ensuring comfortable and safe follow-ups for patients.

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