Digital diagnostics company PocDoc has raised £10 million in its pre-series A Funding round that will be used to support PocDoc’s growth.
PocDoc, a Cambridge-based health-tech startup, uses smartphone-based technology to undertake screenings that provide almost instant results in workplaces, communities and at home.
This most recent funding round saw the business raise £5 million from leading investors, bringing the total pre-A funding raised to over £10 million.
Steve Roest, CEO and co-founder at PocDoc, commented: “Today’s announcement of our heavily oversubscribed investment round is a major endorsement of our incredible technology and our journey to date.
“We are delighted to see such healthy interest in our vision of revolutionising access to screening from the investment community and we’re thrilled to have Molten Ventures, MMC Ventures, and Simplyhealth Ventures investing. The inclusion of KHP Ventures as a fund backed by NHS institutions is a clear signal of our NHS traction and alignment with overall NHS priorities – we couldn’t be happier that they’re investing in our journey.
“Prevention is the lifeblood of our business. Through our screening technology we believe we can drive a fundamental shift in how we treat chronic diseases, helping people detect problems earlier and faster, get treatment sooner, and, in doing so, reduce the burden on under pressure health services.
“As proven by our growing list of partnerships in both public and private sectors and the tens of thousands of people that have already benefitted from PocDoc’s diagnostics, we’re already making a massive impact. But the good news is that we’re only just getting started.
“We have new tests for metabolic, kidney and whole body health in the pipeline, and we’ll be scaling into new international markets next year.”
PocDoc recently saw its technology integrated into the NHS app, enabling patients to undertake its ‘Healthy Heart Check’ – a point-of-care diagnostic test for Cardiovascular Disease (CVD) that lets patients see their results immediately in the NHS app.
PocDoc’s tests are available for free in regions where the company is already working with the NHS, in community pharmacies across the UK, via online retailers such as Pharmacy2U, and on PocDoc’s website.
Tim Irish, partner at KHP Ventures, commented: “At KHP Ventures, our focus is on investing in innovators and technologies that are going to deliver the transformation required to deliver the best possible outcomes for patients, staff and health systems, starting with the NHS.”
