CNP Assurances is supporting the development of H4D, the pioneer in medical teleconsultation solutions

As a responsible investor engaged in financing the economy, CNP Assurances is continuing its investment programme into innovative start-ups by taking a capital stake in H4D. A pioneer company in the field of medical teleconsultation, H4D has completed its second funding round, raising EUR 6.7m to finance the commercial development of its e-health solutions including the Consult Station, a connected medical unit that can remotely perform health check-ups and undertake general or specialist medical consultations.

The fundraising exercise was led by a syndicate involving the Innovation Capital Fund, Bpifrance and CNP Assurances. The Luxembourg family office Atoga, the historic shareholder of H4D, has also increased its investment. Following the deal, Peggy Séjourné, Services Strategy Director for the social protection and services business unit at CNP Assurances, shall be joining the H4D board of directors.

Since it was founded in 2008, H4D has pursued its original mission to respond to changes in healthcare needs and combat social and regional inequalities in terms of access to care. By collecting information about the patient, such as body temperature, blood pressure, heartrate and bodyweight, or by carrying out ENT examinations and hearing and sight tests, the Consult Station can remotely process 85% of the most common reasons for seeking a medical consultation at a classic health centre.

CNP Assurances is one of the top 50 institutional investors in unlisted companies worldwide, and one of the leaders in France. The Group annually invests EUR 500-700m in this asset class, and in so doing supports unlisted businesses throughout their lifecycle. The Group recently launched the Open CNP scheme that aims to finance and support the development of innovative start-ups. This scheme will also be mutually beneficial to CNP Assurances by stimulating further growth drivers, and contributing to the company’s digital transformation.

CNP Assurances’ Chief Digital Officer Magali Noé said: “We are delighted to support the development of H4D in its mission to combat healthcare inequality through innovation in the field of medical teleconsultation. The deal perfectly reflects the CNP Assurances group’s digital dynamism and fits in with its strategy to develop high added value e-health services”.

Hélène Falchier, Head of Private Equity Investment at CNP Assurances, added: “This latest investment in a start-up, which is a pioneer in its field, bears the hallmark of our Open CNP scheme, much like our investment into the Lendix crowdlending platform in April”.