UK HealthTech firm Medopad raises $28m as part of potential $120m China deal

Feb 2, 2018 · uktech.news

Shutterstock 519006148 898x505

UK HealthTech startup Medopad has secured $28m (£19.6m) at the first close of its Series A round featuring investment from China’s NWS Holdings.

The company, which leverages artificial intelligence as part of its data-capture platform offering, seeks to connect patients and healthcare professionals in real-time.

Medopad is planning to raise a total of $120m (£84m) in what would potentially become of the biggest early-stage raises for a UK firm.

The firm’s primary customers include hospitals, pharmaceutical companies, insurance providers and governments.

Medopad says it has already entered into strategic partnerships with leading healthcare, technology and academic institutions, including Royal Free NHS Hospital, Ping An Good Doctor, China Resources, Tencent, HP, Lenovo, Johns Hopkins University, Imperial College Health Partners and Peking University.

Dan Vahdat, CEO of Medopad, commented: "We now have several amazing strategic investors in the business, which is a great achievement for us as we gear for significant growth and scale our business. Managing population health is one of the greatest challenges for governments across the world. As such, the investment appetite for solutions that address and manage this concern is substantial. We are proud to be at the forefront of solving this problem and supporting people around the world."

Read Complete Article

RT @JonSRobertson: @DHealthLDN @Women_Wearables @techdotlondon @digitalhealth2 @NHSDigital @JulietBauer @LDN_CDO @oht_uk @TechCityUK @techU…

RT @MayorofLondon: I’m redoubling my efforts to fight for gender equality in London. Make your voice heard - join #March4Women, London’s bi…

RT @kradlesoftware: We are all SO excited to be supporting London Tech Week in June 2018 as part of our upcoming launch. Follow us for more…

🎉 🎉 🎉 FTW!!! Midweight Front-end Angular Developer gig at @mipic_app https://t.co/Vf4dMpCDcz #hiring #angularjs

Digital platform strategy: build one before someone else does https://t.co/Gh6VbWZNrp by @joemckendrick

Tech.London Weekly

×