Healthtech-1, a London, UK-based startup focusing on automating administrative tasks in primary care for the NHS, raised £2.7 million in seed funding.
Investors
The round was led by Moonfire and Y Combinator, with contributions from several angel investors.
Moonfire is an early-stage venture capital firm investing in transformative startups, pioneering the next wave of innovation in Europe and beyond. The firm focused on pre-seed and seed-stage investments.
Y Combinator Management, LLC is a technology startup accelerator and venture capital firm that invests in a large number of startups twice a year. It created a new model for funding startups. Since 2005, YC has invested in over 4,500 companies.
Healthtech-1 Use of Funds
The company will use the funding for its automation solutions and plans to double its headcount from 15 by the end of 2024.
About Healthtech-1
Founded by Peter Huang and Raj Kohli in 2021, Healthtech-1 provides automation solutions for primary care for the NHS to focus more on patient care rather than administrative tasks. They automate processes such as GP registration and lab reports. The company is on a mission to make the NHS the most advanced healthcare system in the world. Its technology automates the registration process, conducting identity checks against NHS records, writing data into the system, and flagging areas for attention such as safeguarding.
Funding Details
Company: Healthtech-1 Ltd.
Raised: £2.7M
Round: Unknown
Funding Month: June 2024
Lead Investors: Moonfire, Y Combinator
Additional Investors: Angel Investors
Company Website: https://www.healthtech1.uk/
Software Category: Primary Care Automation
Source: https://techfundingnews.com/london-based-healthtech-1-bags-2-7m-to-automate-nhs-registrations/