London-based healthcare platform accuRx today announced a £ 27.5m boost in Series B funding.
The round was led by Lakestar with the participation of British Patient Capital, Latitude VS, Atomico, Trusted Insight and Encore Capital.
WHAT IT DOES
AccuRx was founded in 2016 and is bringing patients and their healthcare team together. Its platform is used by 98% of GPs in England and some secondary practitioners.
The vision of the start-up is that everyone involved in a patient’s care can communicate with each other.
During the pandemic, accuRx introduced a video interface that enabled external consultations and studies to enable remote monitoring of patients with COVID-19 symptoms.
The company also built a vaccination booking system, which has been used to manage more than 21 million vaccinations.
WHAT IT IS FOR
The newly raised funds enable accuRx to continue to expand its team and build products that enable expansion into secondary care.
It plans to develop system-wide infrastructure that allows for NHS communication outside of GP systems, e.g. AccuRx Web, which currently has 11,000 weekly active users in non-GP settings, including hospitals, pharmacies and nursing homes.
THE LARGER CONTEXT
Meanwhile, London-based healthtech company Abtrace recently announced it has raised £ 2.1m in seed funding. The start-up AI technology for managing long-term health conditions automates key elements of disease monitoring so that GPs and health assistants can make informed decisions.
ON THE RECORDING
Dr. David Triska, medical partner at Witley and Milford Surgeries, said: “accuRx’s product has revived communication with our patients, enabling a better relationship between GPs and patients, which has ultimately led to better care.
“Our patients now have confidence that they will receive prompt and accurate responses from our team, and the use of regular Florey questionnaires to gather more information from our patients has been transformative of clinical record keeping and the care we provide.”
Jacob Haddad, accuRx CEO and co-founder, said: “We believe healthcare is a communications industry and when healthcare teams can communicate easily and reliably, they can deliver even better patient care. We are proud to have become a critical piece of general practice infrastructure in the UK and they have used us to send messages to over 60% of the population.
“We have an exciting roadmap to expand our adoption in environments such as hospitals and district nursing to connect communication across the health and care system.”
Laurence Bargery, AccuRx CTO and co-founder, said: “We build products quickly and on a large scale, which are incredibly reliable and user-focused, and we are excited to develop our engineering team to help us support more of the healthcare community.”
Oliver Heimes, a partner at Lakestar, said: “We are proud of what accuRx has achieved so far in transforming communication in primary care, and we cannot wait to see the great benefits that its tools will also provide in secondary care. ”