London-based healthtech start-up Doccla has secured £2.4 million in an oversubscribed seed round, led by venture firm Giant Ventures and early-stage technology venture capital firm Speedinvest.
Doccla uses remote medical monitoring in an attempt to deliver safe, effective care from the home. Founded by health entrepreneur, Martin Ratz, and tech entrepreneur, Dag Larsson, Doccla harnesses ‘Internet of Things’ technology to monitor patient vitals and deliver insights to clinicians. The company claims this eases hospitals’ resources, enabling the early discharge of patients while remaining under the care of clinicians. Doccla states that its virtual wards have saved thousands of bed days for the NHS and achieved a 29% reduction in emergency admissions and a 20% reduction in A&E attendance.
The company said it will use the new funds to invest in its technology, including predictive analytics tools and integrations with the latest medical wearables and journal record systems, as well as expanding clinical capacity to support NHS trusts’ staffing rota, particularly out of hours. Doccla also plans to expand into new European healthcare markets.
Dag Larsson, co-founder and chief executive of Doccla said: “Our end-to-end virtual ward services are extremely easy for the care provider to take on and extremely hard for them to ignore. The NHS now faces a challenging winter season and we’re evolving our technology to support care providers – giving them the extra clinical capacity and making it easy for hospitals to open up virtual wards. We could not be prouder to have Giant and Speedinvest supporting us.”
Cameron McLain, co-founder and managing partner at Giant Ventures added: “We are inspired by Doccla’s mission to deliver world-class care outside the four walls of a hospital. They provide a vital solution for a strained healthcare system, delivering a product that improves the patient experience and tackles cost. Doccla has the potential to transform the traditional healthcare industry and we are thrilled to be supporting Martin, Dag, and the team on this exciting journey.”
Felix Faltin, principal and digital health lead at Speedinvest, commented: “Doccla’s platform is more than a product, it’s a full-stack solution that makes care delivery more efficient for providers, cheaper for payors and safer for patients, long past Covid-19. I’ve managed hospitals and know first-hand that hospital beds are often in short supply and rarely the best place for patients to recover. Martin and Dag combine the domain expertise, tech backgrounds and commercial instincts to execute a vision of this magnitude while generating revenue from day one. We knew quickly that we wanted to back them and are incredibly proud to join them on this journey towards better hospital care.”
Date published: September 15, 2021