STARTUPS
The startup grid
Investors are always on the lookout for the next big company that will transform their sectors. Robert Scammell presents a summary of six startups founded in the past five years that are looking to disrupt the healthtech industry.
Unmind
Founded:
2016
Funding to date:
$16.2m
Mission:
Mission: Improving mental wellbeing in the workplace. The UK startup’s suite of clinically backed digital tools include self-guided programmes, in-the-moment exercise and supportive signposting. Unmind counts the likes of Samsung, John Lewis, Uber and ASOS among its customers. It claims that 92% of employees report “higher confidence, awareness and understanding” of mental health after using Unmind.
Pando Health
Founded:
2016
Funding to date:
$10.4m
Mission:
Providing a secure framework for health workers to share data. Balkanised healthcare data has long been the bane of medical professionals. Pando Health’s app is looking to solve this by verifying health and social care workers before allowing them on the app. Once onboard they can securely share patient lists, messages and images. Formerly known as Forward Health, the London-based startup is used by the UK’s National Health Service as well as private healthcare organisations.
Mogrify
Founded:
2019
Funding to date:
$22m
Mission:
Transforming cell therapy. The Cambridge-based company has created a suite of technologies that apply big data to turn one type of cell to another. Mogrify is applying its platforms to engineer a “renewable and scalable” source of cell types for creating new disease therapies. The biotechnology has been backed by Ahren Innovation Capital, Parkwalk, 24Haymarket, Dr Darrin M. Disley, OBE, and the University of Bristol Enterprise Fund III.
OncoChain
Founded:
2019
Funding to date:
$536,700
Mission:
Blockchain-based health data. The Romanian startup has created a database using blockchain technology that can hold data about oncological patients. It promises patients “total control” of their personal data. It offers healthcare providers web-based oncology services and promises clinical interoperability. It also aims to give researchers access to big data so they can derive insights using analytics, with the goal of improving healthcare treatments.
Meds.se
Founded:
2017
Funding to date:
$26.1m
Mission:
Ecommerce for pharmaceuticals. The Swedish startup has a permit from the Medical Products Agency to sell prescription and non-prescription drugs on its online platform. Launched by three entrepreneurs with backgrounds in the pharmacy industry, Meds.se has no physical stores and claims to be the fastest growing pharmacy in Sweden.
HealthHero
Founded:
2016
Funding to date:
£60.3m
Mission:
Making healthcare digital. The UK-based startup’s products include video consultations, online triage, online prescriptions and health insurance. The telehealth company is young but has grown rapidly through an aggressive acquisition strategy which has seen it snap up healthtech companies Fernartz, DoctorLink and MyClinic. This market consolidation comes amid a surge in telemedicine due to the Covid-19 pandemic.
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