France-based patient assistance platform developer Happytal has raised €23m ($26.2m) in equity and debt financing from investors including insurance group Axa’s corporate venturing arm, Axa Strategic Ventures, La Tribune has reported.
Axa Strategic Ventures led the €20m equity portion of the round, investing with private equity firm Alliance Entreprendre, investment firm Partech, holding company Compagnie d’Anjou and public investment bank BPIfrance, which also provided €3m in debt financing.
Founded in 2013, Happytal has created an online platform that enables users to pay for goods or services the company supplies to ease a patient’s hospital experience, offering gifts as well as massages, hairdressing or adjacent services such as childcare.
The company also provides software that helps carers and doctors manage administrative duties, and its platform is used in 72 healthcare facilities across France. It raised €500,000 in 2014 and €4.5m in 2016, both rounds previously undisclosed according to La Tribune.
Happytal will use the new funding to expand its services in France and Belgium and to launch in Germany, Switzerland and the UK.