PocDoc funding news – Cambridge-based PocDoc has Secured €5.9 Million in Pre-A Round Funding

Investor of the round

The investment round was led by MMC Ventures, Molten VC, and Simplyhealth Ventures, with participation from KHP Ventures, the first NHS-linked venture fund.

Steve Roest, CEO and Co-founder of PocDoc, highlighted the significance of the investment: “Today’s announcement of our heavily oversubscribed investment round is a major endorsement of our incredible technology and our journey to date […] Prevention is the lifeblood of our business. Through our screening technology we believe we can drive a fundamental shift in how we treat chronic diseases, helping people detect problems earlier and faster, get treatment sooner, and, in doing so, reduce the burden on under pressure health services […] We have new tests for metabolic, kidney and whole body health in the pipeline, and we’ll be scaling into new international markets next year.”

Funding Utilisation

The funding will help PocDoc grow quickly, supported by partnerships with the NHS and companies like Asda, Pharmacy2U, and Lincolnshire Co-op Pharmacy.

PocDoc’s main service, the ‘Healthy Heart Check,’ lets patients do cardiovascular screenings and see results on the NHS app. Tens of thousands of patients have used the service, with 97% saying they would recommend it to others.

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PocDoc’s technology fits with the NHS’s goals to move from paper-based to digital systems, from hospital care to home care, and from reactive to preventive care. Studies show that quick screening for chronic conditions like heart disease could save the NHS £27 billion over the next 10 years and prevent up to 1 million heart attacks and strokes each year.

Tim Irish, Partner at KHP Ventures, underscored the company’s potential: “At KHP Ventures, our focus is on investing in innovators and technologies that are going to deliver the transformation required to deliver the best possible outcomes for patients, staff and health systems, starting with the NHS. PocDoc is demonstrating excellent traction and we’re looking forward to working with Steve, Vlad, Kiran, and the team on the next phase of their growth journey.”

About PocDoc

PocDoc is a digital health platform that lets anyone with a smartphone or tablet test for major diseases or conditions using a small fingerprick of blood. It provides a full health assessment, explains the results, and offers solutions to address any health issues.