Visionable, the healthcare technology startup providing a single video collaboration platform that enables clinicians to deliver better patient care, has today announced it has raised €10.5 million, following a 50% oversubscribed funding round, valuing the company at around €55.3 million.
Led by West Hill Capital, the funding round signals the next stage in the growth of Visionable. Having seen a busy 2019, which involved the trial of a connected ambulance with O2, the fresh capital will allow Visionable to build on this momentum and continue to have a positive impact globally on the lives of patients and clinicians.
Founded in 2019, Visionable is already powering multiple innovative clinician-led schemes across the country and is used by over 100 separate NHS organisations to deliver better patient care. This includes Visionable’s collaboration with the East of England to improve stroke treatment, estimated to have saved over 3,200 lives, and work with the North West London Cancer Network to bring together time-pressed clinicians and pathologists in multi-disciplinary teams. 1.1 million patients per year are having their treatment discussed or receiving their care quicker through the Visionable platform, which is an average of 500 patients per hour as it stands today.
Visionable was founded by Alan Lowe, who previously who led the Service Improvement Program for NHS Westminster, alongside Lord Victor Adebowale, CBE, a commercial and social entrepreneur who has devoted his career to building and leading organisations that improve the well-being of communities and people.
Alan Lowe, CEO of Visionable, stated: “This latest round of funding shows that investors are just as excited as we are about the possibility for Visionable to make a real difference to the healthcare industry in the next decade. With just limited funding so far, we have helped the NHS save both lives and thousands of pounds, so there is no limit on what we can continue to achieve.”
