Lightspeed may lead $50-60 million round in healthcare company Qure AI
Lightspeed, through its growth fund, is set to lead a $50-60 million deal with Qure.ai, which provides artificial intelligence-based decision support tools for diagnostic images, people aware of the matter said.
This would be the third major deal from Lightspeed from its growth fund after having invested in quick-commerce firm Zepto and edtech company PhysicsWallah. The PhysicsWallah deal is yet to be formally announced. The funding in Qure.ai is likely to include a secondary share sale as well and is being finalised and will close within this month, people who know about the matter told ET.
Qure.ai was a nominee in the Top Innovator category at The ET Startup Awards 2021.
“Lightspeed is investing around $20-25 million and is looking to buy some in secondary share also. Overall, the round may end up being $50-60 million in size depending on the final secondary component,” a person aware of the matter said. “Existing investors will also put in primary capital.”
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