Tech startup raises over £9m to boost UK health service
Healthcare technology company Visionable has raised £9.1m following a 50 per cent oversubscribed funding round, valuing the company at £47.6m.
Led by West Hill Capital, the funding round signals the next stage in the growth of the British health startup.
Having seen a busy 2019, which involved the trial of a connected ambulance with O2, the latest funds will allow Visionable to build on this momentum and continue to have a positive impact globally on the lives of patients and clinicians.
Alan Lowe, CEO of Visionable, said: “This latest round of funding shows that investors are just as excited as we are about the possibility for Visionable to make a real difference to the healthcare industry in the next decade.
“With just limited funding so far, we have helped the NHS save both lives and thousands of pounds, so there is no limit on what we can continue to achieve.”
Visionable is said to be powering multiple clinician-led schemes across the country and is used by over 100 separate NHS organisations aiming to deliver better patient care.
This includes Visionable’s collaboration with the East of England to improve stroke treatment - estimated to have saved over 3,200 lives - and work with the North West London Cancer Network to bring together clinicians and pathologists in multi-disciplinary teams.
Visionable was founded by Alan Lowe, who previously who led the Service Improvement Program for NHS Westminster, alongside Lord Victor Adebowale, CBE, a commercial and social entrepreneur.
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