Paris (France), Strasbourg (France), Shawinigan (Canada), San Francisco (USA), September 24, 2024 – Lauxera Capital Partners announced today that it has invested a total of €12 millions in Synovo Group, a leading medical transport software editor to support the company’s next phase of growth and potential future acquisitions. Lauxera Capital Partners will be a reference minority shareholder alongside the company’s co-founders driving the company’s strategic roadmap and has agreed to provide additional capital to fund the Company’s internal and external growth plans.

Synovo: Pioneering medical transport software solutions

Headquartered in Strasbourg, Synovo was founded in 2012 by visionary entrepreneurs Jérémy Wies, Michel Lacombe and Guillaume Philipp. Synovo develops and commercializes software and technology enabled solutions for medical transportation including operating software for private ambulance operators, NEMT (Non-Emergency Medical Transport), stretcher porter, external and internal patient mobility software solutions for hospitals. In 2022, Synovo successfully expanded its international footprint by acquiring Quebec-based software provider SYM, a leader in emergency medical transportation software in Canada.

Leveraging a true-innovation culture to address critical pain points in the industry and foster sustainable growth

Medical transportation is an essential component of Healthtech systems enabling mobility of patients form their homes to points of care, ambulatory centers and hospitals. With its software solutions, Synovo enables a more efficient deployment of patient mobility solutions across the territories in which it operates.

Synovo’s customer centric software solutions, supported by its strong development capabilities, its proprietary algorithms and AI solutions are acclaimed by customers in its geographies.

The Company ambitions to continue developing and releasing new technologies and software solutions for its customers to support their growth and efficiency, including an AI based module to help them better manage real time dispatch of ambulances, a module focusing on a holistic approach to cost management and environmental efficacy, etc.

Jérémy Wies, Co-founder and President of Synovo, declared: “We are pleased to welcome Lauxera, a specialist Healthtech investor with great capabilities and experience in Healthtech software and North American scale up, to support and accelerate the growth of our business. With the additional resources, we intend to continue and amplify our ambitions on acquisitions and grow Synovo in France, Canada and internationally. Our new upcoming modules, leveraging our proprietary development capabilities and customercentric approach, will continue to bring value to our customers and help them best support patients and hospitals.”

Victor Decrion, Managing Partner of Lauxera Capital Partners, added: “It is an honor to partner with Synovo’s highly talented founders and have the opportunity to support the growth of Synovo. The Company’s solutions are not only acclaimed by its customers but also have a positive impact on Healthtech systems, patients, payors and medical transportation professionals. They enable a more effective management of medical transportation workflows. Its highly innovative solutions have the potential to be sold globally and we are looking forward to supporting the company in this expansion phase.”

This is the twelfth and ultimate investment made by Lauxera Growth I, a growth and growth buy-out fund dedicated to investing primarily in commercial-stage European Healthtech businesses. Lauxera’s investment team included Pierre Moustial (Founding Partner), Victor Decrion (Managing Partner) and Victoire Ribert (Senior Associate).

Advisors

• Financial, Labour and Tax due diligence: D’Ornano & Co
• Commercial due diligence: Karetis
• IT due diligence: Vaultinum
• Corporate and Legal: Hogan Lovells, Adven Avocats