Medi2data secures £2.1m from Wealth Club to scale operations.
The oversubscribed EIS round will fund team expansion and international growth.
Medi2data provides digital tools and services designed to streamline the secure transfer and processing of medical data. Its proprietary platform connects directly with clinical systems to generate structured health reports for insurers and researchers.
Healthcare technology provider Medi2data has secured £2.1m in an oversubscribed funding round. The financing was led by Wealth Club alongside existing investors under the Enterprise Investment Scheme. The capital will be deployed to expand the workforce and upgrade operational infrastructure, supporting domestic expansion and international projects such as the Cape Town subsidiary. The company aims to address inefficiencies in the manual processing of consented medical records across the primary care sector.
From the founder
"It has been a pleasure to work with Gayle and her supportive team, and the success of our collaboration has been well illustrated with an oversubscribed investment round. Raising investment in today’s markets, for Companies at a similar stage in their development and investment cycle, is extremely difficult. Having the backing of Wealth Club and our existing investors provides the Company with a great deal of confidence, as we head into our growth stage. The success of this round will provide working capital for the Company to invest in revenue growth across our sectors, in addition to investing in our technology and platforms to scale and service our existing clients and an already healthy new business pipeline."
Richard Freeman
Founder and Chief Executive at Medi2data
Investor perspective
"Medi2Data is making impressive strides in the healthcare technology sector. Achieving product-market fit so quickly after its launch in 2020 speaks to the effectiveness of its technology and services – in particular leveraging a sophisticated technology which enhances interoperability."
Gayle Bowen
Director of Direct Investments, Wealth Club
Use of funds
- 01Grow the team
- 02Build out infrastructure
- 03Expand into international markets
Investors
Categories
About the company
Medi2data
Medi2data builds digital tools to simplify the exchange of medical data.