Cross Technology Solutions
Identifying and prioritizing patients to help those in most need, using smart technology.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
* | €520k | Seed | |
| Total Funding | 000k | ||
| EUR | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | (84 %) | (62 %) | (60 %) | (10 %) | 664 % | (80 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | - | (504 %) | - | - | (5376 %) | (791 %) | (4880 %) |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (64 %) | (535 %) | (1637 %) | (4090 %) | (5517 %) | (1655 %) | (9157 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Cross Technology Solutions AB, a Swedish medtech firm founded in 2004 by Thomas Bergqwist, operates in the eHealth market with its LifePod platform. The company is headquartered in Lund, Sweden, and focuses on providing digital health solutions for healthcare professionals. Despite raising $5.62M in venture capital, the company's status was listed as 'Out of Business' following a liquidation event in June 2023.
The core of the business is the LifePod eHealth platform, designed for the remote monitoring of patients with chronic conditions. This system allows healthcare providers to manage large patient groups by collecting data through tailored applications and sensors. The platform's primary function is to analyze incoming patient data to automatically identify and prioritize individuals based on medical urgency, presenting this information to care providers through a graphical interface. This enables medical staff to focus their resources on patients with the most critical needs. Patients interact with the system via a web application to log self-reported information and data from connected sensors, contributing to a continuous stream of real-time health data for providers.
LifePod's platform is built to be adaptable and scalable, featuring a library of over 50 medical parameters. This allows for tailored setups across a wide range of diagnostic areas, including cardiovascular diseases, kidney failure, post-surgical follow-up, and COPD. The system employs rule-based AI to manage and prioritize data, providing decision support for healthcare professionals. The business model targets primary and specialist care providers, aiming to enhance the efficiency of medical resource allocation and improve the quality of life for patients requiring continuous monitoring.
Keywords: Cross Technology Solutions, LifePod, eHealth, remote patient monitoring, chronic disease management, medtech, digital health, patient data, clinical decision support, healthcare technology, remote monitoring, patient prioritization, cardiovascular disease monitoring, COPD management, post-surgical follow-up, Swedish medtech, Thomas Bergqwist, health data analytics, patient-reported data, sensor data integration