Foresight Group led the investment round with participation from angel backers to support the expansion of the company radiology technology.
"We are very pleased to have closed this round following extraordinary levels of interest where we were oversubscribed. There has been an explosion of early stage healthtech funding across Europe, but we think that Hexarad has connected with investors because we are developing healthcare technology that truly addresses the biggest issues facing healthcare providers. Our first-hand experience of the pressure that radiology departments are under means that we are uniquely placed to develop innovative, clinically-led solutions"
Morningside Ventures led the seed investment to help PsycApps expand its team and further develop its mental health game, eQuoo.
"After working in an NHS priory, I realised that my clients were reaching me way too late – often after six months on a waitlist and years after experiencing the first symptoms. I wanted to find a way to give them the skill set they needed before they needed it. If a student drops out of their course due to mental health issues, it will change their lives in a way that hurts them and society. With eQuoo we give young adults a tool that helps them grow mentally, stay mentally healthy and get help if they’re experiencing issues."
The seed round was backed by Ascension, Syndicate Room angels, and a Seedrs crowdfund to support product and team growth.
"When an individual is sectioned under the Mental Health Act, they are in need of urgent treatment and support. Delays in accessing this can severely hamper recovery. The completion of Mental Health Act forms is an essential legal process that ensures patients receive the right treatment, safely; but no-one should have to wait for care when in crisis."
The funding round was led by Perwyn with backing from Praetura Ventures and KHP Ventures.
"NHS staff are resilient, resourceful and deeply committed to their work. But they’re not super heroes. As the world of work shifts around them, NHS staff are locked into rigid schedules whilst demand escalates. This is pushing clinicians out of healthcare careers as they’re too exhausted to continue. And that heaps further pressure on those who remain. It’s a vicious cycle we can ill-afford. Too many clinicians have, like myself and my co-founder, found themselves trapped in a schedule which can grind you down and push you out of a career you love."
The financing round was led by Kairos HQ alongside Schroders Capital and other backers to expand at-home patient care capacity.
"Since Cera’s launch in November 2016 the company has scaled at an unprecedented rate for the sector, benefiting countless lives, and proving the need for technology-powered improvement in healthcare. Receiving such significant financial backing during this period of global economic volatility, is testament to the strength of Cera’s business model, our innovation, and our commitment to revolutionising healthcare. We’re now in pole position to be able to use our unique technology to expand what we do for patients across the world who are in need of care, while relieving pressures on public services."
