Livance Secures 132m For Healthtech Expansion In Brazil
The Brazilian ehealth company Livance has successfully closed an investment round, securing $13.2 million (65 million Brazilian reais) led by venture capital firm monashees, which specializes in early-stage business development. The funding also saw participation from existing shareholders Cadonau Investimentos and Terracotta Ventures. The capital infusion is intended to broaden Livance’s physical network by adding new units, enhancing its technology, and advancing digitalization within the healthcare sector.
By designing new spaces and redefining the way medical services are offered, Livance aims to make medical professionals more accessible to society and, in parallel, grant these professionals greater autonomy. Founded in 2017 by Claudio Mifano, Gustavo Machado, and Fábio Soccol, Livance has developed a platform that streamlines and minimizes the bureaucracy commonly associated with medical services. The startup provides technology and digital channels to reinvent the medical office, in addition to a network of physical spaces where professionals from over 70 specialties can conduct consultations.
Currently, Livance operates 14 space units located in the cities of São Paulo, Campinas, and Rio de Janeiro. Plans are in place to double the number of these spaces within the next two years. Furthermore, the startup is intent on enhancing the technology of its platform to increase efficiency and automation from end-to-end, which promises to reduce costs and improve the experience for both doctors and patients.
