MedicSpot raises £150k in SEIS funding from Henley Business Angels to expand pharmacy network
The digital healthcare provider secured the oversubscribed round as part of a wider £1m fundraising effort.
MedicSpot is a digital healthcare provider offering private GP services through telehealth connections in local pharmacies.
Digital healthcare provider MedicSpot has closed an oversubscribed £150k SEIS funding round with backing from Henley Business Angels. The investment forms part of a wider £1m fundraising effort by the company.
Approved by the CQC, MedicSpot operates a private GP service delivered through telehealth connections in pharmacy consulting rooms. The firm has seen its revenue double over the preceding two months alongside positive unit economics.
The capital from the raise will be directed towards scaling the service to 300 pharmacies across major British cities and growing patient numbers tenfold over the course of the year.
From the founder
"I’m pleased to have received an investment from one of the HBA members. In tandem with other investments it will help us to expand rapidly across the UK and provide a service which patients have responded positively to."
Zubair Ahmed
CEO at MedicSpot
Investor perspective
"MedicSpot has made rapid progress in signing up pharmacies to provide GP services and HBA is delighted to support its growth."
Jurek Sikorski
Founder and Director, Henley Business Angels
Use of funds
- 01Expand into international markets
- 02Invest in sales and marketing
