London-based healthcare platform accuRx today announced a £27.5 million Series B funding boost.
The round was led by Lakestar with participation from British Patient Capital, Latitude VS, Atomico, Trusted Insight and Encore Capital.
WHAT IT DOES
Founded in 2016, accuRx’s mission is to bring patients and their healthcare teams together. Its platform is used by 98% of GP practices in England and some secondary care providers.
The startup’s vision is that anyone involved in a patient’s care can communicate with each other.
During the pandemic, accuRx introduced a video interface which facilitated remote consultations and surveys to allow remote monitoring of patients with COVID-19 symptoms.
The firm also built a vaccine booking system, which has been used to manage more than 21 million vaccinations.
WHAT IT’S FOR
The newly raised funds will allow accuRx to continue growing its team and building products that will enable expansion into secondary care.
It plans to develop system-wide infrastructure that allows for NHS communication outside of GP systems such as accuRx Web, which currently has 11,000 weekly active users in non-GP settings including hospitals, pharmacies, and care homes.
THE LARGER CONTEXT
Meanwhile, London-based healthtech company Abtrace recently announced it has raised £2.1 million in seed funding. The startup’s AI technology for management of long-term health conditions automates key elements of disease monitoring, allowing GPs and healthcare assistants to make informed decisions.
ON THE RECORD
Dr David Triska, GP partner at Witley and Milford Surgeries, said: “accuRx’s product has reinvigorated communication with our patients, enabling a better relationship between GPs and patients, which has ultimately led to better care provision.
“Our patients now have the confidence that they’re getting speedy and accurate responses from our team, and the use of regular Florey questionnaires to gather more information from our patients has been transformative for clinical record keeping and the care we provide.”
Jacob Haddad, accuRx CEO and cofounder, said: “We believe that healthcare is a communication industry and when healthcare teams can communicate easily and reliably, they can deliver even better patient care. We’re proud to have become a critical piece of infrastructure for general practice in the UK, and they’ve used us to message over 60% of the population.
“We’ve got an exciting roadmap to grow our adoption in settings like hospitals and district nursing, to connect communication across the health and care system.”
Laurence Bargery, accuRx CTO and cofounder, said: “We’re building products fast and at scale, which are incredibly reliable and user-focused and we’re excited to grow our engineering team to help us support more of the healthcare community.”
Oliver Heimes, partner at Lakestar, said: “We’re proud of what accuRx has been able to accomplish so far in transforming communication within primary care and we can’t wait to see the great benefits its tools will afford secondary care as well.”