Doccla raises $17 million in plans to deploy more medical devices

Doccla, a health tech start-up selling remote patient monitoring platforms to hospitals for running virtual wards, has reportedly closed a ~$17 million (£15 million) Series A funding round after raising a $3.3M seed last year.

US VC General Catalyst headed this Series A round, along with participation from funds led by healthcare investors - KHP Ventures (an alliance between King’s College London, King’s College Hospital NHS Foundation Trust, as well as Guy’s and St Thomas’ NHS Foundation Trust).

Prevailing investor, Giant Ventures, who earlier headed the seed round, and Speedinvest also funded the Series A, following which MD at General Catalyst, Chris Bischoff, would join the board.

Apparently, the Series A funding will be leveraged to further develop the tech stack for supporting the deployment of more medical devices into its electronic healthcare record systems and patient monitoring platform.

It will also be used for data analytics and AI to extend clinical capacity and availability to suffice the demand for virtual hospitals for lowering the pressure on healthcare systems.

According to Doccla, some of its clients currently include several NHS trusts across the U.K., comprising Cambridgeshire Community Services, Northampton General Hospital, and Hertfordshire Community Trust.

It mentions Huma, Current Health, and Docobo as competitors in the country, however co-founder Martin Ratz stated that there are three key areas where they would offer something completely distinct.

Apparently, Doccla, the start-up founded in 2019, unveiled its remote patient monitoring service during the pandemic but claims to hold a presence in a fifth, accounting for 20% of all ICS (Integrated Care Systems) in the U.K., taking patient intake from 20+ hospitals.

It further reveals to have monitored 50,000+ patients in total till today.

For the unversed, the platform enables the clinical staff to monitor the important signs of those under treatment remotely from the hospital continuously or intermittently.

This has helped make the hospital beds available for new patients who can be admitted by providing early discharge via at-home monitoring.

Source credit - https://techcrunch.com/2022/09/28/doccla-series-a/