# Tandem Health Brings Deutsche Telekom, LG and Norrsken Into Its $100 Million Series B

> Tandem Health added Deutsche Telekom's T.Capital, LG Technology Ventures and Norrsken VC to its $100 million Series B.

- Published: 2026-10-27T12:52:28+00:00
- Section: Funding
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-27/tandem-health-series-b-telekom-lg-norrsken
- Source: [Trending Topics](https://www.trendingtopics.eu/tandem-health-deutsche-telekom-lg-norrsken/)

## Key takeaways

- Tandem Health's Series B totals $100 million and was led by the European Commission's Scaleup Europe Fund, managed by EQT.
- T.Capital, LG Technology Ventures and Norrsken VC joined the round; none of the parties disclosed the size of their investments.
- Tandem Health says 10,000 care organizations in 14 countries use its software, and it has raised about $160 million in total.

Tandem Health has added T.Capital, the investment arm of Deutsche Telekom, LG Technology Ventures and [Norrsken VC](https://akta.pro/company-profiles/0000513/norrsken-vc) to its $100 million Series B, the Stockholm company announced. [Trending Topics](https://www.trendingtopics.eu/tandem-health-deutsche-telekom-lg-norrsken/) reported that the round was led by the European Commission's Scaleup Europe Fund, which is managed by EQT. None of the parties disclosed how much the three new investors are putting in.

## Why Tandem Health Picked Telekom, LG and Norrsken

[Tandem Health](https://akta.pro/company-profiles/0000716/tandem-health) said it chose the three backers because each already works inside the health systems it wants to reach. Deutsche Telekom includes T-Systems, whose medical record systems run in more than 250 hospitals with over 100,000 users, according to Tandem. LG supplies care providers across Europe and is meant to open doors to new customers.

Norrsken VC, described by Trending Topics as Europe's largest early-stage impact fund, sets impact K.P.I.s for every portfolio company. "Artificial intelligence will play a key role in addressing the challenges facing healthcare systems," said Karine Peters, a managing director at [T.Capital](https://akta.pro/company-profiles/00009s8/t-capital). T.Capital says it manages more than €2.3 billion and has recently invested in Lovable, n8n, ElevenLabs and Black Forest Labs.

Tandem was founded in Stockholm in 2023 by Lukas Saari, Oscar Boldt-Christmas and Oliver Åstrand. According to Tandem, doctors and nurses spend around 40 percent of their working time on administration. Three of its products are certified as Class IIa medical devices under E.U. rules, and about half of the team are clinicians themselves, according to LG.

## Tandem Health's Funding History

According to akta.pro [company records](https://akta.pro/company-data), Tandem Health has raised $159.7 million in total across three rounds. The same records list a $9.5 million seed round in June 2024 led by Northzone, a $50.2 million Series A in June 2025 led by Kinnevik, and the $100 million Series B dated September 14, 2026 and led by EQT.

| Round | Date | Amount | Lead investor |
| --- | --- | --- | --- |
| Seed | June 2024 | $9.5 million | Northzone |
| Series A | June 2025 | $50.2 million | Kinnevik |
| Series B | September 14, 2026 | $100 million | EQT |

Trending Topics reported that Kinnevik and Northzone also took part in the Series B. The company says 10,000 care organizations in 14 countries use its software, including Britain's N.H.S., Ramsay Santé and Humanitas, and that it connects to more than 130 medical record systems.

## Tandem Health's Path to the Series B

TechStartups reported on September 14, 2026 that Tandem Health raised $100 million, listing it among startups that raised capital that day. MarketScreener reported the same date that Tandem Health AB announced a $100 million round led by Scaleup Europe Fund, with participation from Amino Collective, Kinnevik, Northzone and Visionaries Club, and that the company issued convertible preferred stock in the transaction.

Tech.eu reported in May 2026 that CEO Lukas Saari said US competitors find it very difficult to compete in Europe, citing European focus and investors. Tech.eu also reported that the company had 170 employees and targets the UK as its largest market.

## Tandem Health's One Billion Hour Goal

Tandem wants to give European clinicians one billion hours of working time back and grow from a documentation tool into an "AI-native clinic operating system" that also covers scheduling, patient flow and administration, according to Trending Topics.

## Companies in this story

- [Tandem Health company profile](https://akta.pro/company-profiles/0000716/tandem-health) · website: https://www.tandemhealth.ai
- [T.Capital company profile](https://akta.pro/company-profiles/00009s8/t-capital) · website: https://www.t.capital
- [Norrsken VC company profile](https://akta.pro/company-profiles/0000513/norrsken-vc) · website: https://www.norrsken.org

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