London-based Heydoc, which offers an integrated clinical operating system and electronic health record, has closed a $8.3 million Series A round led by Smedvig Capital, with participation from existing investors Hambro Perks, Triple Point Ventures and InHealth Ventures. This brings the total amount raised by Heydoc to $12 million.
Heydoc is a cloud-based clinical system covering healthcare providers’ medical and administrative tasks. Heydoc connects its clients with outpatient hospitals, pathology services, pharmacies and other third parties to improve workflows and data liquidity.
Heydoc stated that the bulk of the raise will be used to increase headcount which currently stands at 30 employees. It will also use the funding for further expansion in the UK healthcare market and to expand its product offering to existing and new clients. The raise will also allow the company to expand internationally beyond its current nascent international footprint.
Christoph Lippuner, co-founder and chief executive at Heydoc, said: “This new raise will help us accelerate our growth in the UK, focus on our product and expand its capabilities, as well as go after international markets. Innovating and contributing to a transforming healthcare industry, profoundly impacted by regulatory changes, new patient expectations and a global pandemic, is both fascinating and rewarding. There is so much to be done in this industry and Heydoc is barely scratching the surface.”
Jon Lerner, managing director at Smedvig Capital, added: “Heydoc has grown rapidly and proven that its platform can dramatically improve the way clinicians work and the quality of patient interaction. The company has a strong mission-based culture and a huge opportunity in front of them to be part of the future of healthcare. We’re looking forward to supporting them in achieving this goal.”
Date published: September 29, 2021