Practica Capital exits Lithuanian medtech Softneta
Lithuania's Practica Capital has exited Lithuanian medtech Softneta, in which it invested €1M in 2016. Softneta has become part of a group of healthcare IT companies in a portfolio of funds advised by investor Bregal Unternehmerkapital. As part of the deal, MedDream, a Softneta portfolio company that develops medical devices for processing, visualizing, and transmitting diagnostic medical data, has been spun off to form MedDream UAB.
Founded in 2007 in Kaunas by Tomas Dumbliauskas and Vytautas Baublys, Softneta provides specialized healthcare software solutions to improve the quality of patient care. MedDream, a Softneta portfolio company, has developed, among other things, MedDream Viewer, a web-based program for viewing, analyzing, and sharing medical images.
Currently, MedDream solutions are integrated by more than 500 partners worldwide. The company exports its products to North and South America, continental Europe, the Middle East, Australia, etc.
Founded in 2011, Practica Capital is an early-stage VC with a focus on Baltic founders. Practica Capital supports startups from seed to Series A stages. The investment company manages four funds with more than €130M in AUM. It has over 60 startups in its portfolio.
