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Impact of Tech and Innovation During the COVID-era – QVentures Insights

In 2020, QVentures created 347 jobs through supporting 17 businesses with new investment. QVentures continued to back the UK economy through participating in rounds totalling over £50m with leading co-investors such as Atomico, Tencent, Legal & General, IQ Capital, Episode1, and DMG Ventures.

In the past year, we’ve seen our portfolio companies adapt during extraordinarily challenging circumstances, many blooming under the new realities of remote working and by finding unique solutions to give back to their communities. Here is a snapshot of our portfolio’s impact during the COVID-era thus far.

Oxford Medical Simulation (OMS), is transforming the healthcare space by utilising it’s VR technology to allow medical practitioners to learn and train remotely. We believe their immersive VR simulation is key to increasing hospital productivity as it helps to lower exposure to illnesses, such as COVID-19, during hands-on patient training. Their online learning platform, OMS Distance allows nurses and doctors to complete their training efficiently and safely and it has been offered for free throughout the COVID-19 pandemic.

Kortext, a digital learning platform, is revolutionising the education sector by equalising access to education. With students being forced into remote learning, Kortext provides students access to over one million digital textbooks and supports teachers with tools to teach from afar. Through providing students from low-income households the same access to textbooks and tools as their peers, Kortext is championing equal opportunities in education. Kortext is being used by over 100 UK universities and has recently partnered with the University of Oxford’s Saïd Business School to accelerate the adoption of digital learning.

As more people have enjoyed the benefits of flexible working over the last year, Flexa, a flexible working platform, stood out when reviewing HRTech start-ups for the QVentures Pre-Seed Fund. Flexa aids candidates to find employment that works with their lifestyles and helps companies to attract the best talent. They are rapidly gaining momentum flexifying companies ranging from high-growth start-ups to giants such as Farfetch and Allianz.

Laundryheap, an on-demand laundry and dry cleaning service, partnered with UnderTheDoormat to support NHS staff in London who needed accommodation. Their goal was to open homes near hospitals for NHS staff and key workers to stay in for free. Laundryheap provided freshly laundered linens and towels for key workers to help ease some of the strain during this difficult time.

We are extremely proud of our portfolio companies’ rapid response to the COVID-19 crisis and their innovative solutions supporting the transition to a digital economy.

Here are the digital disruptors that QVentures has raised investment for in 2020: Disciple, CloudNCHoloMeLiveSmartKortextCoconutBitposterBMLLAdludioOcyanKitcheSmartiaArticulate.XYZGlean.lyPowerMarketOpsly, and Flexa.

 


ABOUT QVENTURES

QVentures is a Venture Capital firm providing direct investment opportunities and fund management. QVentures sources, screens, and invests in top-tier start-ups from Seed to Series B for their investor base consisting of Family Offices, Institutional Investors, UHNWIs, and Cashed-out Entrepreneurs. QVentures has participated in rounds with an aggregate combined size of over £220m in 115 companies.

By co-investing alongside QVentures, Family Offices benefit from the exposure to next-generation technology companies in the UK.

To find out more about what you can do to help support the UK economy and start-ups, please get in touch with Andrea@qventures.co or via our website www.qventures.co

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Impact of Tech and Innovation During the COVID-era – QVentures Insights

By QVentures01 Feb 2021