Zesty, a leading platform in the UK for consumer healthcare, today announced the successful completion of its $7.2 million Series A financing. As if we knew it: In January 2014 we introduced you to Zesty as one of 5 UK-based startups to look out for in 2014. The funding round was led by Innovation Capital and supported by Qualcomm Ventures, Mangrove Capital Partners and Maya Capital.
Zesty, an online booking service allowing patients to book a healthcare appointment in less than 60 seconds, will use the funding to accelerate growth in London, across the UK and expansion into Europe. Co-founded by two technology entrepreneurs, James Balmain and Lloyd Price, the company received initial Seed money from Mangrove Capital Partners in 2012 followed by a second round of funding from Mangrove Capital, TA Venture and ABRT Venture Fund in 2013.
James Balmain, CEO of Zesty, said: “Every day in major cities around the world, people waste millions of hours trying to book their healthcare appointments, and healthcare practices leave tens of millions of dollars on the table due to inefficiency in the market. Zesty has rapidly transformed from an exciting concept to a leading UK consumer healthcare platform, saving patients time and hassle. This round of investment will help us continue to enhance our already popular and revolutionary London network and to take our unique, hyper local strategy across the UK and Western Europe. Zesty will bring the elite London online booking experience to major European cities in the next 18 months.”
Dr. Florian Reinaud, Partner at Innovation Capital, stated: “Through our new sector fund closed in 2014, we invest primarily in European-based companies providing innovative healthcare services or solutions. We believe mobile and internet based services will transform access to healthcare across Europe and Zesty is well positioned to be one of the leading brands connecting patients with practices. Over the past two years Zesty has demonstrated its ambition and execution capability by transforming a concept into the UK’s largest network of healthcare practices offering real time appointment booking. Our investment is a reflection of our confidence in the Zesty team and the massive opportunity ahead of them.”