Amsterdam-based NLC, a European health tech venture builder, has invested €1 million in their own company in the latest development.
The company is planning to utilize this fund and an attracted investment of €3.5 million, (€4.5 million in total), to expand NLC and for expanding new companies around care innovations in the Netherlands, Germany, Austria and Switzerland in particular.
It’s worth mentioning here that, this voluntary investment was carried by none other than 30 staff members using their own savings and borrowed money.
Moreover, they will be using this fund to aid 27 current companies. The company was founded in 2014 as a result of complexities and fragmentation persisting in the market. According to the company, at least 95 % of health tech inventions never reach society, regardless of their relevance or brilliance.
To be more specific, a lot of innovations patented by researchers are often not picked up by the traditional players like pharmaceuticals or MedTech companies. In this case, NLC aims to bring together the best tech, people, and capital to build life-changing health tech ventures.
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