Medtech start-up announces $7m in funding

Medbelle’s end-to-end platform for medical to accelerate the digitisation of the patient journey

Leander de Laporte and Daniel Kolb, co-founders and managing directors of Medbelle celebrate their latest funding award

  • Funding round led by signals Venture Capital, with other investors including Talis Capital, Mutschler Ventures, IBB Beteiligungsgesellschaft and prior backer, Cavalry Ventures
  • Announcement signals rapid expansion of ground-breaking, end-to-end digital patient care platform
  • 30,000 Britons have already used new service to navigate their treatment journey, as founders on target to attract a further 144,000 users by 2020

Medbelle has announced $7m – €6m – in funding to accelerate the digitisation of the patient journey.

The Series A funding round was led by signals Venture Capital and joined by Talis Capital, Mutschler Ventures, IBB Beteiligungsgesellschaft and Cavalry Ventures.

Already covering the majority of the UK, and with its eye on international expansion; Medbelle’s three-layered ‘digital hospital’ model – Medbelle Platform, Medbelle Care, and Medbelle Operating System – places unprecedented control in the hands of patients, while giving healthcare professionals access to an integrated suite of management tools covering the entire treatment journey – from first consultation to billing, post-operative care, and follow-up.

The digital health market is expected to reach $536billion by 2025 – so the time is right to be focusing on technologies that can transform healthcare and the patient journey as we know it today

Patients book their procedure with Medbelle, which provides them with leading specialists and state-of-the-art operating facilities – with all organisation taken care of by the platform.

The service is designed to save them time, stress and money, ensuring they benefit from the very-best treatments and facilities available. Once a patient is registered, every aspect of their treatment is accessible via a single, simple web portal and app, or through their own personal Medbelle Care Adviser.

At the same time, the Medbelle Operating System ensures healthcare providers can make the most of their valuable time and resources. It allows specialists, hospitals and staff to work more productively and liberates them from inefficient, unnecessary administrative tasks.

Already enthusiastically backed by patients, with an outstanding Net Promoter Score (NPS) of 93 – making it the highest-rated medical provider in the UK – the cash injection will enable Medbelle to undertake the next phase of its rollout.

And, with the UK private healthcare sector forecast to hit $13.8billion by 2023, it’s a market opportunity that has proven attractive to investors.

Our technology helps them to operate more efficiently, be better utilised, and fully focused on what matters most: the best care for patients

In its launch phase, Medbelle was focused on privately-paid procedures in areas such as cosmetics, bariatrics and ophthalmology, and is currently expanding into orthopaedics and fertility.

In the future, Medbelle will work with private medical and public insurance providers and the NHS to leverage its technology and services to help patients with all types of medical procedure.

“The new capital will accelerate the development of our platform while growing Medbelle’s operating footprint,” said Daniel Kolb, co-founder and managing director of Medbelle.

“It will allow us to streamline high-quality care at scale and take even more work off the hospitals’ and specialists’ shoulders. Our technology helps them to operate more efficiently, be better utilised, and fully focused on what matters most: the best care for patients.”

Clemens Koós, investment manager at signals Venture Capital, said: “Major digital platforms improve customer experience in almost all industries. However, in healthcare, the digitisation of patient journeys has been heavily lagging behind until now.

“Medbelle’s technology and personalised care enable much-simpler and more-affordable medical treatments while allowing healthcare providers to efficiently focus on treating patients.”

Vasile Foca, managing partner at Talis Capital, added: “The digital health market is expected to reach $536billion by 2025 – so the time is right to be focusing on technologies that can transform healthcare and the patient journey as we know it today.

“Medbelle is the world’s-first digital hospital that creates real value for both patients and providers and offers unrivalled care from some of the country’s best specialists.”

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