UK Healthtech has seen investments rise 66 per cent from last year.
Austen Shakespeare

Healthtech firms make up 25 per cent of Tech Nation's London cohorts to Upscale 7.0

Tech Nation has announced this year’s cohorts to its seventh growth programme.

The programme, Upscale 7.0, is designed to help scale ups to overcome common obstacles that hinder growth.

Of the 31 companies, 20 are from London, 25 per cent of which are healthtech firms.

Firms like Birdie, who uses machine learning to “reinvent elderly care so that our aging population can live healthily and happily at home for longer.”

Or firms like Healios, who specialise in virtual clinics to aid children, young people and families affected by mental health and neurodiverse conditions.

Max Parmentier, founder of Birdie, said: “We’re so thrilled to be part of Upscale 7.0, which we regard as one of the best accelerators programmes in Western Europe. We can’t wait to meet our peers, benefit from the coaching of industry experts and be part of this incredible community!”

Healthtech is one of the sectors experiencing the strongest growth in mid-stage UK tech companies, with Series A stage companies in the UK having raised $674m in 2021 so far, up 66 per cent from $404m in 2020 and up 69 per cent from $398m in 2019.

Digital Secretary Nadine Dorries MP said: “It’s fantastic to see so many fast-growing scaleups creating wealth and well-paid jobs up and down the country.

“Through organisations like Tech Nation, this government is helping people across the UK get the skills they need to work in this fascinating industry and supporting businesses with pro-innovation policies so they can continue to grow and thrive.”

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