The wearable health insurance solutions market in Europe is experiencing rapid growth, driven by rising consumer adoption of wearables, insurers’ demand for real-time health data, and advances in AI-driven analytics. As of mid-2025, the sector has raised over $1.85 Billion from the 408 companies FounderNest analyzed in disclosed funding, led by innovations in wellness monitoring, chronic disease management, and emergency response devices. Wearable solutions are redefining how insurers engage with policyholders, enabling continuous risk assessment, improved claims management, and proactive health interventions.
Key market trends
- Wellness Monitoring: The largest subspace, covering devices that track vitals and fitness data for insurer wellness programs. This includes ~170 companies, together raising a significant share of the sector’s funding.
- Chronic Disease Management: Focused on long-term conditions like cardiovascular disease, diabetes, and hypertension, this segment leverages continuous monitoring. While smaller in company count, it has attracted robust funding due to its strong impact on claims reduction.
- Emergency Response Wearables: Devices designed for real-time safety alerts and occupational health monitoring. This subspace is growing quickly, supported by insurers seeking to reduce workplace accidents and related claims.
Space snapshot
- Total companies analyzed: 408
- Total funding raised: $1.85 Billion
- Median number of rounds raised per company: 2 rounds
- Median amount raised per company: $1.5 Million
- Median headcount: 6 employees
- Median age (maturity): 8 years
- CAGR in companies (last 5 years): 6.2%
- CAGR in funding (last 5 years): 36.6%
- Companies based in the UK: 22%
The wearable health insurance space shows strong investor confidence despite its relatively early stage. While company formation is steady, the funding growth rate significantly outpaces it, highlighting accelerating commercial adoption. Top recipients include Oura, Withings, Laya Healthcare, Rombit, and Qantev. Notably, 40% of companies have raised at least one funding round, and 2024 alone saw the founding of 11 new entrants.
Despite its youth, the space is alive with innovation. Emerging technologies such as smart textiles, camera-based biometrics, and universal wearable APIs are reshaping the landscape. Other trends include integration with insurer platforms, occupational safety monitoring, and regulatory validation for medical-grade data.
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Companies that may catch your eye in this space:
1. Quantiq
Quantiq develops AI-driven health monitoring that turns any webcam or smartphone into a medical-grade scanner, eliminating the need for hardware wearables.
- Headquarters: Paris, France
- Founded: 2020
- Headcount: 41–50
- Funding: $1.72M (2 rounds), Seed, Jun 2024
- Investors: AGORANOV, Graines de Boss, The Moon Venture
- Website: quantiq.io
- LinkedIn: Quantiq
2. Thryve
Thryve provides an API platform that connects over 300 wearables and medical devices, enabling insurers, providers, and researchers to integrate continuous health data.
- Headquarters: Berlin, Germany
- Founded: 2017
- Headcount: 21–50
- Funding: $4.42M (multiple rounds), Series A, Aug 2024
- Investors: b10, Capricorn Partners, IBB Ventures, seed+speed
- Website: thryve.health
- LinkedIn: Thryve
3. Preventicus
Preventicus offers smartphone-based vital capture and early risk screening for cardiovascular diseases such as atrial fibrillation.
- Headquarters: Jena, Germany
- Founded: 2014
- Headcount: 41–50
- Funding: $4.05M (grants and venture), latest Nov 2018
- Website: preventicus.com
- LinkedIn: Preventicus
4. Ensweet
Ensweet delivers a telerehabilitation platform enhanced with wearable-enabled programs for patient recovery.
- Headquarters: Loos, France
- Founded: 2019
- Headcount: 11–50
- Funding: $5.92M (3 rounds), Seed, May 2025
- Investors: AG2R La Mondiale, Mutuelles Impact, XAnge
- Website: ensweet.fr
- LinkedIn: Ensweet
5. FC Labs
FC Labs develops wearable devices that monitor cognitive fatigue and mental acuity, supporting workforce safety.
- Headquarters: Dunfermline, UK
- Founded: 2019
- Headcount: 1–10
- Funding: $350K (4 rounds), Seed, Oct 2023
- Investors: British Design Fund, Worth Capital
- Website: fclabs.co.uk
- LinkedIn: FC Labs
6. spacebands
spacebands offers workplace safety software integrated with wearables for real-time hazard alerts.
- Headquarters: Cardiff, UK
- Founded: 2020
- Headcount: 1–10
- Funding: $1.7M (3 rounds), Pre-Seed, Apr 2022
- Investors: Innovate UK, angel investors
- Website: spacebands.com
- LinkedIn: spacebands
7. epyMetrics
epyMetrics develops diagnostic wearables for continuous vital monitoring with a focus on heat-stress risks.
- Headquarters: Zürich, Switzerland
- Founded: 2019
- Headcount: 1–10
- Funding: $41K (grant), Apr 2020
- Investors: Venture Kick
- Website: epymetrics.ch
- LinkedIn: epyMetrics
8. Nanoleq
Nanoleq produces smart textiles that capture biosignals for wearable medical applications.
- Headquarters: Rümlang, Switzerland
- Founded: 2017
- Headcount: 21–50
- Funding: $16.48M (14 rounds), M&A, Nov 2024
- Investors: Capnamic, Verve, ZKB, Venture Kick
- Website: nanoleq.com
- LinkedIn: Nanoleq
9. spa2099
spa2099 develops smart clothing for remote cardiac monitoring integrated with IT platforms.
- Headquarters: The Hague, Netherlands
- Founded: 2019
- Headcount: 1–10
- Funding: $378K (2 rounds), Seed, Apr 2023
- Website: spa2099.com
- LinkedIn: spa2099
10. Withings
Withings produces connected health devices (smart scales, watches, and monitors) with insurer and provider integrations.
- Headquarters: Issy-les-Moulineaux, France
- Founded: 2008
- Headcount: 201–500
- Funding: Multiple rounds (top-tier in space)
- Website: withings.com
- LinkedIn: Withings
11. Laya Healthcare
Laya Healthcare integrates wearable-driven wellness programs for its members, combining prevention and insurance coverage.
- Headquarters: Cork, Ireland
- Founded: 1997
- Headcount: 501–1,000
- Funding: Corporate-backed, undisclosed
- Website: layahealthcare.ie
- LinkedIn: Laya Healthcare
12. Qantev
Qantev applies AI and wearable data for predictive health risk scoring and insurance claims optimization.
- Headquarters: Paris, France
- Founded: 2019
- Headcount: 51–100
- Funding: Multi-round venture-backed
- Website: qantev.com
- LinkedIn: Qantev
13. Liom
Liom develops devices and data solutions for chronic disease management, supporting early intervention.
- Headquarters: Europe
- Founded: 2020
- Headcount: <50
- Funding: Multiple undisclosed rounds
- Website: liom.com
- LinkedIn: Liom
14. Rombit
Rombit provides IoT and wearable solutions for industrial and workplace safety, reducing accident-related claims.
- Headquarters: Antwerp, Belgium
- Founded: 2012
- Headcount: 51–200
- Funding: Multi-round venture-backed
- Website: rombit.com
- LinkedIn: Rombit
15. Oura
Oura is known for its smart ring tracking sleep, recovery, and readiness—widely used in wellness and insurer programs.
- Headquarters: Oulu, Finland
- Founded: 2013
- Headcount: 501–1,000
- Funding: >$150M across multiple rounds
- Website: ouraring.com
- LinkedIn: Oura
Conclusion
The wearable health insurance solutions market is rapidly evolving, bridging consumer health technology with insurance risk management. From smart textiles to camera-based monitoring, companies are delivering new tools that enable insurers to lower claims costs, improve policyholder engagement, and promote healthier lives. With strong funding momentum and growing insurer adoption, the sector is positioned for continued innovation and broader integration into mainstream insurance products worldwide.
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