• Lead investor Creandum has previously backed category-defining companies including Spotify, Bolt and Klarna

London, August – London and US-based start-up Lindus Health has completed a $18 million Series A round to scale up and continue its mission of running innovative and radically faster end-to-end clinical trials for a range of conditions including depression, diabetes and insomnia.

In an industry first, Lindus Health utilises its technology platform and machine learning to execute clinical trials from start to finish, helping treatments to reach patients more quickly to improve and extend the lives of those living with chronic illnesses. 

The funding comes from Spotify-backer Creandum, with participation from PayPal co-founder Peter Thiel and returning investors firstminute, Seedcamp, Hambro Perks and Amino Collective.

Lead investor Creandum boasts an impressive portfolio of well-known companies, including Bolt, Klarna, Spotify, Depop, Tide, Trade Republic and Pleo. Creandum General Partner Fredrik Cassel, previously on the board at Spotify, will join the Lindus Health board. Meanwhile Peter Thiel was a co-founder of Paypal, Palantir and the first outside investor in Facebook.

Having already delivered more than 80 clinical trials across the US, UK and Europe, Lindus Health is next launching trials for treatments for menopause, tinnitus, insomnia and childhood myopia. With this latest funding round, Lindus Health will be expanding its technology platform to deliver more end-to-end clinical trials and higher quality data to research sponsors. 

Launched in 2021 by Michael Young and Meri Beckwith, Lindus Health has already worked with 20,000 patients to find new treatments for chronic conditions and improve lives. Lindus now has a team of 40 from companies including Meta, Google, Oxford University and Optum Health, working across the US, UK and EU. 

Lindus is currently hiring for a broad range of business development, clinical operations and operational roles – click here and join one of the hottest early-stage healthtech companies in the world.

Commenting on the raise, Michael Young, Co-Founder of Lindus Health, said: “Clinical trials are the biggest bottleneck to improving human health. We deliver clinical trials three times faster than the industry standard, working with biotech pioneers to get new treatments to patients more quickly.

“Through this latest raise, we will be further investing in our technology platform so that we can deliver clinical trials in completely new ways.”

Meri Beckwith, Co-Founder of Lindus Health, said:

“The antiquated clinical trials industry is holding back healthcare. Everyone suffers from the status quo, especially patients, who must wait decades and pay higher prices for new treatments. 

We’re excited to accelerate the pace and scale of our work with high-growth companies who will be responsible for the next wave of breakthrough treatments.This investment will help us achieve our vision of creating a much more agile and productive life sciences industry, for the benefit of all.”

Fredrik Cassel, General Partner at Creandum said:

“When we first met Michael, Meri and the rest of the Lindus Health team, we knew their approach to disrupting the clinical trials industry would be the right one. With a tech-first, AI-powered, end-to-end offering, Lindus Health is building unparalleled efficiency and quality into what has always been a manual process. We were blown away by the work Lindus is already doing across the US, UK and Europe with stellar customer feedback and references. The potential Lindus has on improving the world’s health is vast and we are excited to join them on this journey.”

Ends

Notes to Editors

About Lindus Health

Lindus Health is a London-based start-up, launched in 2021, that runs clinical trials three times faster than the old-fashioned industry standard – bringing ground-breaking treatments to patients more quickly. Clinical trials are the biggest bottleneck to advances in healthcare and by removing this constraint we aim to improve health for everyone. Lindus does this by using its pioneering industry-first platform that can manage a trial from start to finish.

Lindus Health has to date delivered more than 80 trials across the UK, US and Europe to tackle a range of conditions including diabetes, asthma, acne, social anxiety, major depressive disorder, hypertension, chronic fatigue syndrome and insomnia.

The company was named for James Lind, who pioneered the first clinical trial and treatment for scurvy, and co-founded by Michael Young, a former No 10 Special Adviser on Life Sciences, and Meri Beckwith, a former Venture Capitalist focused on biotech. 

About Creandum 

Founded in 2003, Creandum is a leading pan-European early-stage venture capital firm. The fund’s portfolio includes some of Europe’s most successful tech companies across a wide range of industries, including Spotify, Klarna, Depop, Kry, Trade Republic, Pleo, and Small Giant Games. Today, every sixth company is a unicorn. 

Creandum’s advisory teams are based in Stockholm, Berlin, London and San Francisco. To learn more visit creandum.com.