Leaps by Bayer leads USD 90m Series B round in Ada Health

Berlin — Leaps by Bayer is inves­t­ing in Berlin-based digi­tal health company Ada Health as part of its Series B finan­cing round. The finan­cing round is worth $90 million and was led by Leaps by Bayer. In addi­tion, inves­tors Samsung Cata­lyst Fund, Vitru­vian Part­ners, Inteligo Bank, F4 and Mutsch­ler Ventures parti­ci­pa­ted in the round. SMP provi­ded compre­hen­sive legal advice to Leaps by Bayer on the Series B finan­cing round of Berlin-based digi­tal health company Ada Health.

Leaps by Bayer is the impact invest­ment unit of the phar­maceu­ti­cal company Bayer AG, which uses its invest­ments to find solu­ti­ons to some of the biggest chal­lenges of our time in the fields of health and agri­cul­ture. The invest­ment in Ada Health is Leaps’ first commit­ment in Germany.

Ada has deve­lo­ped a powerful arti­fi­cial intel­li­gence (AI)-based health analy­tics plat­form. It is desi­gned to help users better under­stand their symptoms and iden­tify and diffe­ren­tiate dise­ase patterns with great medi­cal accu­racy. At the same time, the plat­form supports users in finding the right medi­cal care in a timely and safe manner. The Ada app, which is aimed at consu­mers, has alre­ady recor­ded more than 23 million health analy­ses perfor­med world­wide since its global launch. The goal of the funding, accor­ding to the company, is to further advance Ada’s tech­no­lo­gies and acce­le­rate the company’s path to beco­ming the global leader in perso­na­li­zed digi­tal health. This is also inten­ded to streng­then the company’s leading posi­tion in the USA.

“We are very plea­sed to have supported the Leaps team in this invest­ment in a German company that aims to improve global access to health­care through digi­ta­liza­tion,” said Stephan Bank.

Consul­tant Leaps by Bayer: SMP
Dr. Stephan Bank (Lead), Partner
Dr. Florian Wilbrink, Associate
Dr. Chris­toph Lütten­berg, Associate
Peter Schä­fer, Associate

About SMP
SMP is a specia­list tax and commer­cial law firm opera­ting in the core areas of corpo­rate, funds, liti­ga­tion, tax and tran­sac­tions. SMP’s attor­neys and tax advi­sors repre­sent a wide variety of clients. These include emer­ging tech­no­logy compa­nies and family-run medium-sized enter­pri­ses as well as corpo­ra­ti­ons and private equity/venture capi­tal funds. Since its foun­da­tion in 2017, SMP has become one of the leading addres­ses for venture capi­tal, private equity and fund struc­tu­ring in Germany. The firm and its part­ners are natio­nally and inter­na­tio­nally ranked by JUVE, Best Lawy­ers, Legal 500, Focus, and Cham­bers and Part­ners. Today, SMP employs more than 70 expe­ri­en­ced lawy­ers, tax advi­sors and tax specia­lists in three offices in Berlin, Hamburg and Colo­gne. For more infor­ma­tion: www.smp.law and www.linkedin.com/company/smp.law.