MedicSpot, a new private GP service available at your local pharmacy, receives investment from Henley Business Angels
Digital healthcare provider MedicSpot has received investment from a member of Henley Business Angels as part of the SEIS qualifying fund raise. In total MedicSpot is raising £1m in funding and has rapidly closed its oversubscribed £150k SEIS round.
MedicSpot is a CQC approved private GP service offered via telehealth connection in pharmacy consulting rooms. It has doubled its revenue in the last two months and demonstrated unit positive metrics. The £1m in funding will allow MedicSpot to scale to 300 pharmacies in all major cities in the UK and increase patient numbers ten-fold in the next 12 months.
Zubair Ahmed, CEO of MedicSpot, said: “I’m pleased to have received an investment from one of the HBA members. In tandem with other investments it will help us to expand rapidly across the UK and provide a service which patients have responded positively to.”
Jurek Sikorski, founder and Director of Henley Business Angels, said: “MedicSpot has made rapid progress in signing up pharmacies to provide GP services and HBA is delighted to support its growth.”