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PATHENA is a Venture Capital Firm, with a highly reputable management team with track-record on boosting the success of Information Technology and Digital Health companies.  
 

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Attitude

Knowledge and Reputation

Access

  • Ambition - we aim at creating disproportionate value as investment partners
  • Integrity - strict respect for professional work ethics and high standards of conduct
  • Proximity - active hands-on management team and networks; we help the companies and we are at their side when required
  • Lateral thinking - we believe on applied lateral thinking; we walk the talk
  • Internationally experienced team with strong commercial business background
  • Active world class international industry experts with experience in top worldwide corporations
  • Strong digital and health technology knowledge of the team
  • Access to European deal-flow through strategic partnerships and syndicate investors
  • Close access to Iberian and Brazil markets through Pathena's network – 250 million people market

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Team

António Murta

Managing Partner and CEO

Jorge Brás

Managing Partner

Vitor Dinis

Managing Partner & CFO

Seppo Makinen

Partner

Luísa Ribeiro

Partner

João Martins

Partner

Joana Prieto

Office Manager

Portfolio

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News

Last News

TNI medical cleared to enter the US market

TNI medical AG, based in Wuerzburg, Germany, has received official clearance to sell its TNI softFlow 50 high-flow ventilator in the USA. The U.S. Food and Drug Administration (FDA) has granted the company clearance for the use of TNI softFlow 50 to treat all adult patients who would benefit from receiving high flow warmed and humidified respiratory gases. The clearance covers use of the devices during inpatient treatment. The devices can be put into operation in US hospitals effective immediately.

Ewald Anger, CEO of TNI medical, says: "In the USA about 12 million people are treated with high flow warmed and humidified respiratory gases each year. With the clearance of the TNI softFlow 50, we can help alleviate their breathing difficulties with our innovative high-flow respirators. So, the successful completion of the FDA clearance process is a major and important milestone in our growth strategy. Owing to its low noise level, autonomous supply of water and air, high efficiency and low weight, the TNI softFlow device is ideal for treating suitable patients inside or outside the intensive care unit. We therefore expect this to further accelerate our internationalization process. We also expect the TNI softFlow to be approved in other markets in the near future, specifically in the large Chinese market."

In many respiratory illnesses, the functioning of the lungs is considerably compromised and can no longer adequately provide for the exchange of oxygen and carbon dioxide. According to current figures from the World Health Organization (WHO), respiratory illnesses afflict hundreds of millions of people around the world and are among the commonest causes of death worldwide. Experts predict that the number of patients with respiratory diseases will continue to rise globally. The need for effective and, above all, more comfortable treatment options is therefore continuously increasing. Patients are generally averse to today's standard treatment methods, which consist of closed nose or face masks.

The ventilators in the TNI softFlow family provide respiratory patients a warm, moist air flow directly into the nose through a thin, heated and noise-optimized nasal cannula without condensation. The air flow rate and humidity can be precisely adjusted and, if necessary, oxygen can be added. This results in effective patient treatment. The products are also simple to use, as the nasal cannula is easy to put on and take off. Patients have complained of the limited comfort afforded by many conventional ventilators with closed nose and face masks. During treatment with TNI ventilators, patients can continue to perform everyday tasks such as eating, drinking, speaking or taking medication. TNI medical's novel treatment method not only achieves very good clinical results, but also provides better tolerability for patients compared to traditional mask therapy.


About TNI medical AG
TNI medical AG develops, produces and sells respiratory therapy devices for patients with respiratory illnesses such as chronic obstructive pulmonary disease (COPD). For over ten years now, the Wuerzburg-based company has focused on a single goal: the consistent further development of nasal high-flow treatment to offer respiratory support with maximum efficiency and comfort to patients with respiratory insufficiency. Based on intensive research and realized through precise development work in treatment with nasal insufflation (TNI), the TNI softFlow system generation offers the highest treatment quality, both at the hospital and at home.

 

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ebankIT and Enterprise Engineering, Inc. announce a strategic partnership

ebankIT and Enterprise Engineering, Inc., announce a strategic partnership for the North American market

NEW YORK, October 10, 2018 (GLOBE NEWSWIRE) – ebankIT and Enterprise Engineering, Inc. (EEI), are pleased to announce a strategic partnership for the North American market.
The partnership was signed during FinovateFall 2018, North America’s leading Fintech innovation event with more than 1,500 attendees, over 100 expert speakers, and 80+ companies presenting an intense look at the latest innovations and major trends driving the Fintech revolution.


The partnership establishes EEI as a premier ebankIT System Integrator in the North American marketplace. As a System Integrator, EEI is a well-established trusted partner with the ability to deliver world class services to Financial Institution customers. ebankIT clients in North America will have full confidence in the level of service and support they will receive through this relationship.


“This partnership is another step in ebankIT’s growth strategy for North America,” said Renato Oliveira, CEO of ebankIT. “The momentum is right as this is a turnaround moment for the digital strategy of financial institutions in the USA and Canada and ebankIT can leverage on important references for its digital banking platform. Additionally, we deeply value EEI’s experience and results and expect this partnership will help to support our growth and expand our network.”
In addition, the companies will integrate complimentary aspects of their software stacks. ebankIT’s omni-channel software will be coupled with the EEI’s software platform representing opportunity for both companies.


“This partnership represents a terrific opportunity for EEI and ebankIT. Our product sets are extremely complimentary and are best-in-class in our target markets,” said George Anderson, Founder and CEO of EEI. “Together, ebankIT and EEI can provide impossibly fast time to market and ROI for our joint customers.”

 

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Inteligência artificial, veículos autónomos e blockchain são apostas da A-to-Be

Eduardo Ramos:“Crescimento acelerou, em especial, nos EUA”


Inteligência artificial, veículos autónomos e blockchain são apostas da A-to-Be, empresa da Brisa que fornece operadores de mobilidade.
A A-to-Be, do grupo Brisa, nasceu virada para o exterior. Com foco nas várias formas que as pessoas têm de se deslocar do ponto A ao ponto B, serve o mercado internacional com soluções para sistemas inteligentes de transporte. Fornece produtos e soluções a operadores de mobilidade, como concessionárias de transporte, parques de estacionamento ou gestores de mobilidade urbana. Hoje tem contratos em cinco estados dos Estados Unidos, Holanda, Espanha e Polónia. Temos uma “irmã mais velha”, a Via Verde, nossa cliente, que nos desafia constantemente no sentido de se manter na vanguarda mundial do mobility as a service [mobilidade oferecida ao cliente como serviço]”, explica Eduardo Ramos, CEO da A-to-Be e head of business development da Brisa.

O que levou à procura de um parceiro e porquê a opção pelo fundo de investimento Pathena?
O grupo Brisa tem uma longa história de parcerias. Acreditamos no poder da combinação de esforços e de competências distintivas para atingir objetivos comuns. Não temos a arrogância de pensar que conseguimos fazer tudo sozinhos pois, de facto, existem organizações que podem estar mais bem preparadas do que nós em áreas específicas. Desde muito cedo, no início da década de 90, altura em que nasce a Via Verde, que o grupo Brisa tem tido uma elevada intensidade tecnológica no seu modelo de negócio. Foi desenvolvido e robustecido um sistema de colaboração, em inovação aberta, com universidades e centros de investigação [nacionais e internacionais] para melhorar continuamente a tecnologia que serve de suporte à cadeia de valor. Ao refletirmos sobre a possível evolução estratégica da tecnologia, enquanto negócio para fora do grupo Brisa, deparámo-nos com desafios que conhecíamos menos bem. Nesse sentido, a capital de risco Pathena [que já conhecíamos] surgiu como um parceiro natural para robustecer as competências da A-to-Be, dada a sua experiência e bons resultados na escalabilidade de empresas cujo modelo de negócio é essencialmente B2B [entre negócios] e de base tecnológica.

O que motivou a internacionalização?
A internacionalização das competências tecnológicas da Brisa Inovação e Tecnologia, a atual A-to-Be, iniciou-se na primeira metade da década de 2000 com o crescimento internacional da Brisa e em suporte ao mesmo, sem vender soluções a outros players. A expansão da internacionalização da A-to-Be surge como uma consequência lógica da ambição de crescimento assumida em 2016 para esta unidade de negócio, dadas as suas vantagens competitivas e a dimensão limitada do mercado nacional. Nos últimos dois anos temos tido uma aceleração do crescimento internacional, pois conseguimos ganhar tração orgânica, em especial nos Estados Unidos.

 

Hoje, quais são os mercados externos onde a empresa tem presença?
Os mercados prioritários para crescimento são os EUA. Em bom rigor, 50 mercados, porque cada Estado tem as suas características. Alguns países da Europa e da América Latina, assegurando a entrega no mercado nacional para os nossos clientes. Mantemos o foco, antecipando riscos para proteção da marca e da sustentabilidade do processo de crescimento. Hoje a A-to-Be tem contratos em cinco Estados dos Estados Unidos, Holanda, Espanha e Polónia.

O que significa ter ganho o contrato de fornecimento de uma solução de pagamento automático de portagem junto do estado de Ilinóis, nos Estados Unidos?
Estamos a falar de uma solução de pagamento semiautomático de portagens, em self-service, que tem como principal objetivo substituir os velhinhos coin baskets que ainda se veem muito pelas autoestradas americanas. Adicionalmente, permitem à concessionária ou operadora dispor de uma solução tecnológica que combina hardware e software para um melhor controlo de receita e para um melhor serviço ao cliente. Por exemplo, na solução que fornecemos para a Illinois Tollway é possível efetuar o pagamento da portagem com Apple Pay e Google Pay [sistemas de pagamento] através de um smartwatch [relógio inteligente]. Ganhar este contrato foi muito importante para a A-to-Be dada a sua dimensão e porque conseguimos bater a concorrência, que é significativamente maior do que nós, no país deles. A execução do contrato está a correr dentro do planeado, quer em termos de ritmo quer em termos de geração de caixa para a A-to-Be, com bons níveis de satisfação do nosso cliente e adoção dos clientes finais.

Qual o balanço que faz do projeto de gestão de infraestruturas rodoviárias em Washington?
Muito positivo. A costa oeste dos Estados Unidos tem um pensamento muito sofisticado no que diz respeito aos novos modelos de mobilidade. Ao mesmo tempo pensam, no médio e longo prazo, na descarbonização do setor e na sustentabilidade das finanças públicas baseadas em impostos sobre os combustíveis, quando os carros são cada vez mais eficientes nos seus consumos. Assim, desenvolvemos um projeto-piloto para o Department of Transportation [Departamento de Transportes] do estado de Washington, juntamente com um parceiro canadiano, para pagamento de mobilidade de acordo com as milhas percorridas. Ou seja, utilizando preços dinâmicos de acordo com a geolocalização da viatura e da distância percorrida, e tendo também em consideração o tipo de veículo. Este piloto, em que utilizámos a nossa solução MoveBeyond, desafiou-nos imenso e permitiu demonstrar que o modelo funciona e que poderá ser escalável. Além disso, conseguimos também ser interoperáveis entre os Estados Unidos e o Canadá, tendo sido a primeira vez que tal aconteceu no nosso setor.

Como está a decorrer o processo de internacionalização da LinkBeyond Mobile, a vossa aplicação mobile para o mercado externo que permite o pagamento em parques de estacionamento ou postos de abastecimento?
Estamos no início do processo de internacionalização da solução LinkBeyond Mobile. Os primeiros mercados que estamos a abordar são os EUA e a Europa, onde estamos a negociar algumas provas de conceito para que a solução comece a ser incorporada pelos operadores de mobilidade e disponibilizada aos seus clientes.

Que projetos a A-to-Be tem a decorrer no Brasil, na Holanda e na Polónia?
No Brasil aportámos competências tecnológicas ao nosso acionista Brisa quando este era acionista da CCR. A A-to-Be não tem tido mais oportunidades no país, mas olhamos para este mercado com interesse e com expectativa no que diz respeito à melhoria da conjuntura interna. Na Holanda fornecemos soluções tecnológicas para uma startup que desenvolve modelos inovadores de mobility as a service [mobilidade fornecida como um serviço]. Refiro-me à BNV Mobility, participada pela Brisa e pelo operador francês Egis projects. Na Polónia estamos a fornecer uma solução de video tolling para uma concessionária privada que explora a A1 [Rusocin-Czerniewice].

No futuro, como prevê o crescimento da empresa em termos de áreas de negócio e mercados externos?
A A-to-Be continuará a evoluir como fornecedor de tecnologia para mobility managers. O setor da mobilidade é de um dinamismo imenso e estamos confiantes que continuaremos a responder aos desafios que os nossos clientes nos colocam para melhor conseguirem servir as necessidades de mobilidade dos seus clientes. No que diz respeito a mercados externos, não vemos uma alteração substantiva das geografias que lhe referi anteriormente. Os Estados Unidos ainda têm muitas oportunidades para explorar, bem como alguns países da Europa e da América Latina que apresentam planos interessantes de desenvolvimento dos seus modelos de mobilidade, protagonizados por entidades públicas e privadas e que se adequam à nossa matriz de risco.

Que novos projetos estão neste momento a ser preparados?
Sem abrir demasiado o jogo, posso dizer-lhe que as nossas equipas de investigação e desenvolvimento têm estado a trabalhar bastante em inteligência artificial, veículos autónomos e blockchain, em forte ligação com os nossos parceiros académicos e científicos, bem como com a aceleradora de startups da Brisa, a Grow Mobility. Tudo isto no sentido de que os próximos lançamentos das nossas soluções e dos novos produtos, que suportarão a mobilidade do futuro, sejam cada vez melhores e mais competitivos no mercado internacional

 

Fonte: https://www.dinheirovivo.pt/entrevistas/eduardo-ramoscrescimento-acelerou-em-especial-nos-eua/

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Coast Capital contracts ebankIT to enhance digital banking services to members

Coast Capital Savings has partnered with innovative digital banking platform provider ebankIT to provide the technology platform to deliver the credit union’s website, online banking and mobile banking channel.
“This move supports Coast Capital’s goal to become Canada’s premier digital credit union,” explains Bruce Schouten, Interim President and CEO, Coast Capital Savings. “The needs of our members are changing and so too must our technology.”


The decision to partner with ebankIT was made after a comprehensive market evaluation process to find the ideal service provider to help Coast Capital extend the capacity and capabilities to offer leading digital banking solutions that meet changing digital demands.


“With ebankIT’s versatile platform and award-winning digital banking experience, we will be able to offer a wide range of exciting new features to Coast Capital members in the future along, with rich security and personalization features,” said Jeff Wong, Chief Transformation Officer, Coast Capital Savings. “The ebankIT platform also has the flexibility to integrate with third-party solutions, which will enable Coast Capital to drive ongoing digital channel innovation.”
Renato Oliveira, President and CEO at ebankIT, said the company looks forward to the partnership with Coast Capital.


“Our vision at ebankIT is to help organizations like Coast Capital tap the full potential of all the fast-paced innovations available in the quickly shifting technological landscape of banking,” Oliveira added that “As we embark on our North American expansion, the ebankIT team is thrilled to support Coast Capital with a robust and scalable platform, featuring our award-winning next generation solutions, coupled with an engaging user experience.”
Under the partnership, Coast Capital’s digital banking services will transition to ebankIT over the next year.


“While our members will see some changes at the time of the transition to the new platform, minimizing any disruption will be a top priority for the project,” Wong said. “We will alert members about changes that might affect them as we get closer to the transition date.”

 

For further information:

https://coastcapitalsavings.com/PressRoom/NewsReleases/2018/20180730/
 

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ebankIT in Digital Banking Austin 2018

ebankIT was present in Digital Banking Austin 2018, with more than 1200 executives from financial institutions, banks and credit unions, from all over the world.
ebankIT showcased its inspirational innovation for financial services, being part of  great event both in terms of commercial contacts and strategical thinking.
 

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Portuguese fashion supply chain startup HUUB raises €2.5 million

HUUB, a Portuguese startup that manages logistics for fashion brands, has just raised an early-stage investment of €2.5 million. The round was led by the Portuguese venture capital firm Pathena.


HUUB provides product management, stocking, order fulfillment, and packing and shipping, among other services, for ecommerce fashion platforms.


“We want to be orchestrators and lead the fashion ecosystem on a sustainable-basis demanded by the industry," said Luís Roque, the CEO of HUUB. "This partnership with Pathena, which has led the biggest exits in Portugal, is another step towards our disruptive vision and establishes us as relevant players in the European supply chain scene”.


The startup plans to use the new funding to invest in marketing and sales, hire new staff, and scale its operations.


"To scale the business we need to expand our landscape of integrations, both with logistics partners specialized in markets that we are targeting and more ecommerce and marketplace platforms," added Roque, who said that HUUB intends to grow its business to represent 200 brands.

http://tech.eu/brief/huub-raises-funding/

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Pathena invests in Klinik, a digital health company for medical care direction

Klinik Healthcare Solutions is a health technology company that produces clinically proven solutions and services for condition and urgency recognition, customer segmentation and patient flow management.
The series A financing round of €2.25 million was led by Pathena Fund with participation from existing investors.


The investment will enable the Helsinki-based company to further expand internationally, while continuing to develop its product scope. “Series A financing is the logical step after an excellent year for Klinik. We demonstrated rapid growth across public and private healthcare sectors, consolidated our position in the Finnish market and made inroads in the Nordic countries and the UK. Pathena’s digital and healthcare networks will enable us to expand our presence further in Europe and Latin America”, says Hannu Nissinen, founder and CEO of Klinik.


According to Pathena’s CEO and managing partner, António Murta, Pathena is constantly looking for companies that positively contribute to the quality of healthcare. “Patients deserve more and better access to healthcare, while professionals also expect to seize the value of digital health. Klinik has attained a very strong and promising market position, and we are convinced that it will deliver significant added value in the coming years. This makes Klinik a compelling investment in many ways”, Murta says.


One of the earliest investors in Klinik, Kustaa Piha, CEO of Athensmed and chairman of the board at Klinik, believes that this further investment can make an important contribution to business growth. “We have definitely found a product–market fit. We have chosen Pathena from several alternatives, because we found that the Pathena team has significant experience as growth entrepreneurs and deep knowledge in internationalizing growth businesses. Earlier investors are also happy to participate in Series A”, Piha explains.”

 

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Vortal invests 1.2 Million Euros in a new innovation Lab

VORTAL INVESTS 1.2 MILLION EUROS IN A NEW INNOVATION LAB AND HIRE 50 NEW EMPLOYEES

VORTAL, the leading Portuguese company in e-procurement solutions, inaugurated a new Development and Innovation Center in Lisbon investing 1.2 million euros.
The inauguration, in partnership with COTEC Portugal, was in charge of the Minister of Economy, Dr. Manuel Caldeira Cabral.


This new R&D infrastructure was designed to host a multidisciplinary team with professionals working in different fields like data science, artificial intelligence, software architecture, digital marketing, etc. The new office counts with more than 50 people and is still growing.

According to Rui Dias Ferreira, CEO of VORTAL, "this new laboratory reinforces the company's international leadership eProcurement. It represents an investment equivalent to 4% of VORTAL's annual results and is part of a sustained strategy which foresees an investment of five million euros over the next three years, just in innovation projects."


Along the years, Vortal has been a reference company regarding innovation, with two patents granted by the USPTO of the United States and dozens of others awaiting registration, with more than 80 brands, utility models, national and world copyright.


In Vortal Innovation Lab three new technology solutions were already launched in the first quarter and there are other new prototypes still under development.

Already released:
Supplier Truster is the solution for efficient management of supplier qualification and evaluation processes, saving time, effort and reducing risk in process management.
Remote Digital Signature allows you to sign documents and proposals, without software or hardware, in any browser, by entering only a code received by sms.
Experto optimizes the experience of using VORTAL solutions and streamlines customer support processes through the use of Artificial Intelligence and Machine Learning.

Under development:
ESPDint facilitates the participation of companies in public procurement in any European country through the use of the Single European Public Procurement Document, helping to internationalize the business.
Electronic Catalogs offer the form a more efficient way to make cross-sectional awards.
Xpanded market intelligence combines a hub of all business opportunities with market intelligence and intelligence to help companies learn more about their markets, customers and competitors.


With a turnover of 12.5 million euros in 2017, VORTAL is present in Spain, Germany, Austria, Italy, France, Slovenia, Mexico and Peru, and also operates the national purchasing platforms of the governments of Colombia, Dominican Republic and Honduras.
In 2017 six million euros were awarded through VORTAL’s platforms in Europe.

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ebankIT and Neadvance joined Collaborative Laboratory in Digital Transformation

ebankIT and Neadvance, two companies of Fund Pathena, joined  the Collaborative Laboratory in Digital Transformation (DTx) – Experiencing the Future.

ebankIT and Neadvance became members of DTx, along with Universities of Minho, Évora and Católica, INL and CEiiA and also other companies such as Accenture, Bosch Car Multimedia, IKEA Industry, Cachapuz-Bilanciai, Celoplás, NOS, Primavera, Simoldes Plásticos, TMG Automotive and WEDO Technologies. Moreover, the innovation centers CCG e PIEP are affiliated members and the company Embraer Portugal will soon join this new association.

The Colab DTx will have laboratories in Braga, Évora, Guimarães and Matosinhos and aims to foster collaboration between academy and industry players with the common goal of designing and developing cyber-physical system products and evolutionary systems integrating, for example, smart materials, digital manufacturing technologies and solutions based on artificial intelligence.

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