Scaleup Europe Fund raises Tandem Health

● VC WATCH | HEALTHCARE · Provider EHR & Practice Management

SEPTEMBER 14, 2026

Tandem Health raises $100M led by Scaleup Europe Fund

TARGET

Ambient AI scribe and clinical operating system that listens to consultations and generates structured notes, billing codes, and referral documents for clinicians across European health systems, integrated with 100+ EHRs.

Deal value	$100M invested
Ownership	VC-backed · Kinnevik, Northzone, Amino Collective, Visionaries Club
Capital raised	$160M
Headcount	~174 FTEs
Headquarters	Stockholm, Sweden
Leadership	Lukas Saari, CEO and co-founder

INVESTOR

Scaleup Europe Fund

PE-backed €5bn growth fund managed by EQT, investing in European technology scaleups across strategic sectors

Deal team

Nils Petter Nygaard (EQT / Scaleup Europe Fund)

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Scaleup Europe Fund -> Tandem Health  (2026-09-18)
vc_round | Healthcare | $100M | announced
Target: Ambient AI scribe and clinical operating system that listens to consultations and generates structured notes, billing codes, and referral documents for clinicians across European health systems, integrated with 100+ EHRs.
Website: tandemhealth.ai
HQ: Stockholm, Sweden | Ownership: vc-backed | Buyer sponsor: EQT
Advisors - not yet credited
Source: Thematic - https://thematichq.com/software/d/scaleup-europe-fund-tandem-health.html

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