Healthcare: October 2026 sector report

Composed from 11 research facts recorded in October 2026, drawn from 5 source documents. Every figure names the record it came from and the date that record speaks for.

In brief

Healthcare financing facts were recorded in Switzerland, Italy and the United Kingdom. These concern early stage rounds, a seed raise and cancer immunotherapy funding. Succession facts were recorded on menopause symptoms and their effect on work. The sector multiple sits above the all sector anchor. The facts are thin.

Sector multiple

EV to EBITDA: 8.3x to 15.1x, median 11.3x. Our own estimate, worked out by MANDA Institute (Q2 2026). Nobody publishes this figure. Source: MANDA Institute sector estimate (MANDA Institute), as of 30 June 2026.

Eurozone all sector anchor, for context: median 8.8x, range 7.9x to 10.2x. An independent firm published this figure: the Argos Mid-Market Index, from Argos Wityu / Epsilon Research (Q2 2026). Source: Argos Mid-Market Index, as of 30 June 2026.

Transaction records

0 approved by a reviewer and 5 awaiting review. No figure from an unapproved record is printed.

financing: 7 facts

Medtech startup CHD received approximately €160,000 (CHF 150,000) from Venture Kick to develop digital solutions for remote maternal and fetal monitoring. (Venture Kick backs CHD with €160K to advance remote pregnancy monitoring, 26 October 2026)
Milan-based Aptadir Therapeutics raised $45 million in seed funding in Q3 2026. (Europe’s biggest seed rounds of Q3 2026: Top tech startups to watch, 26 October 2026)
University of Leeds spinout adsilico raised £10 million in a Series A funding round. (Leeds AI spinout adsilico raises £10M to test medical devices on virtual patients, 26 October 2026)
University of Leeds spinout adsilico has raised £10 million in a Series A funding round. (Leeds AI spinout adsilico raises £10M to test medical devices on virtual patients, 26 October 2026)
The adsilico funding round was led by PXN Ventures, with participation from existing investors Northern Gritstone and Parkwalk. (Leeds AI spinout adsilico raises £10M to test medical devices on virtual patients, 26 October 2026)
The adsilico round was led by PXN Ventures, with participation from existing investors Northern Gritstone and Parkwalk. (Leeds AI spinout adsilico raises £10M to test medical devices on virtual patients, 26 October 2026)
Nouscom raised €120M to advance cancer immunotherapies. (European tech weekly recap: €1.5B in funding and Q3 2026 highlights, 26 October 2026)

succession stat: 4 facts

In a study of over 14,000 women published this year, self-reported cognitive symptoms affect roughly 40–80 per cent of women during the menopause transition. (Brain fog, missed diagnoses, and lost careers: The menopause gap Cerebella wants to close, 23 October 2026)
Cerebella surveyed approximately 1,300 to 1,400 women in the UK about menopause symptoms and their experiences at work. (Brain fog, missed diagnoses, and lost careers: The menopause gap Cerebella wants to close, 23 October 2026)
Cerebella surveyed approximately 1,300 to 1,400 women in the UK about menopause symptoms and their experiences at work, finding brain fog was associated with reduced confidence, lower productivity and intentions to leave work. (Brain fog, missed diagnoses, and lost careers: The menopause gap Cerebella wants to close, 23 October 2026)
CHD plans to introduce consumer and medical versions of MONI2 using the same hardware, targeting sales of more than 30,000 kits and subscriptions within four years. (Venture Kick backs CHD with €160K to advance remote pregnancy monitoring, 26 October 2026)

Records this report rests on

Our own estimate, worked out by MANDA Institute (Q2 2026). Nobody publishes this figure. (30 June 2026)
An independent firm published this figure: the Argos Mid-Market Index, from Argos Wityu / Epsilon Research (Q2 2026) (30 June 2026)
Venture Kick backs CHD with €160K to advance remote pregnancy monitoring (26 October 2026)
Europe’s biggest seed rounds of Q3 2026: Top tech startups to watch (26 October 2026)
Leeds AI spinout adsilico raises £10M to test medical devices on virtual patients (26 October 2026)
European tech weekly recap: €1.5B in funding and Q3 2026 highlights (26 October 2026)
Brain fog, missed diagnoses, and lost careers: The menopause gap Cerebella wants to close (23 October 2026)