Our companies, via our 2018/20 investment programme with DigitalHealth.London, MedCity and beyond, are tackling key global challenges and have experienced unprecedented growth during the rise of a digital first model of healthcare delivery.
Skin Analytics specialises in cancer screening for melanoma and non-melanoma skin cancers. The company invested heavily in their AI technology with the potential to revolutionise the process of diagnosis and management of skin cancer, and has validated their proprietary technology in two large research studies.
Skin Analytics won the 2018 UKBAA Best AI Investment, 2018 Advance Queensland Ignite Grant, and have received several other awards and grants. They are expanding further, into public and private healthcare markets, in the UK, Australia, and New Zealand.
The company has entered into agreements in primary care, and has commercial contracts with private medical insurers and providers.
Skin Analytics raised £1.6m funding in 2018, from RYSE and other investors, to finalise the first prospective clinical study in applying AI to dermatology, secure regulatory approvals, and develop the high-calibre team to deploy the technology into patient care pathways.
They are now post Series A, securing US FDA Breakthrough Devices Designation, and preparing for their next expansion phase to attract US capital in follow on rounds.
“RYSE have given us excellent access to leading NHS initiatives, those behind them, as well as the strategic support needed to get our technology to the point it will positively impact patients and the healthcare service"
Neil Daly, Founder of Skin Analytics
LiveSmart provides pathology-based health assessments, digital health data tracking, reporting and behavioural change programmes, alongside one-to-one health coaching services led by their medical team.
LiveSmart participated in the RYSE DigitalHealth.London Investment Programme to gain the further technological validation of their product through the panel of reviewers and to benefit from RYSE’s experienced network.
The company's development focus is via commercial partnerships with health insurers, other intermediaries, in additional to a direct to consumer model. Their partnership with AXA PPP has provided LiveSmart a mark of pre-approval and global access to over 100 million customers.
LiveSmart raised £1.25m funding in 2018, from RYSE and other investors, to expand sales into other geographical jurisdictions, secure additional long-term partnerships in the insurance market, and to further improve their product.
They've raised an additional £1.8m for further geographical expansion, strengthen partnerships internationally, and develop direct sales. RYSE and several other investors have committed follow-on capital to this bridge round.
“Navigating the digital healthcare landscape is complex. Choosing to work with specialists like RYSE was a no brainer for us. Their deep knowledge and understanding of the health and funding environment will continue to be a major advantage for us moving forward”
Alex Heaton, Founder of LiveSmart
Digi.me is an ethical and sustainable way for individuals to take control of their data and privately share with data-driven apps and services. Working toward a decentralised future for data privacy and security.
Data can be added to a library from thousands of different sources, including social, financial, and healthcare. The user owns the library and keeps it on their choice of secure cloud storage. The user can share data with 3rd parties directly from their device, enabling complete control over privacy.
Based in the UK, digi.me has grown to over 60 people with offices in France, Iceland, Australia, and the US.
Digi.me raised £18 million funding in this round. They have a fully developed product that is currently being used by dozens of market partners including Facebook.
“It has become clear that society needs solutions that empower individuals and governments to do more with greater access to data without infringing on personal privacy and freedom”
Knok Healthcare is a simplified telemedicine solution for virtual consultations through a combination of triage, scheduling, record keeping, and integration with healthcare providers.
Knok Healthcare’s product, Panacea, aims to be the reference white label provider for virtual consultations. Panacea incorporates clinical support, for both patient and clinician (integrated web and mobile apps), which integrate seamlessly into the existing patient journey and connect with enterprise systems.
The company is active, in both Europe and the Americas, and has entered into commercial contracts with private medical insurers and corporate providers.
Knok Healthcare raised funding in this round to further develop Panacea for use in the European market.
“RYSE gives us great access to UK based clinical and technology talent. We are excited to work with RYSE given their previous experience supporting companies with medical insurer and corporate distribution channels”
José Bastos, Co-founder of Knok Healthcare
Log my Care
Log my Care is a care management software that is improving care coordination and communication in social care. Specifically, it has been designed for and by carers.
Log my Care’s product enables care planning from a smart management system and saves a carer's time with an easy to use mobile app. It runs on most mobile devices and is designed to allow carers to easily record and coordinate care on the go.
The company has experienced rapid organic growth in the UK and has entered into agreements with several care home groups.
Log my Care raised £600k funding in this round to further develop their freemium product for use in the European market.
“RYSE provide access to invaluable healthcare providers and payors. We look forward to working with RYSE in the next phase of our growth and distribution in order to bring social care into the 21st century”
Sam Hussain, Founder of Log my Care
Firza provides a digital workforce based solution that addresses the medication management needs within primary healthcare, including GP surgeries, community pharmacies, prisons, and care homes.
Firza’s product allows primary healthcare practices to adjust to changes in demand and to respond with a solution that integrates into the team’s existing workflow. They have utilised professional skills, experience, and technology to validate opportunities for cost efficiencies and value-based healthcare.
The company has demonstrated significant revenue growth and has entered into agreements with multinational healthcare providers.
Firza raised funding in this round to further develop their Robotic Process Automation, Artificial Intelligence, and scalability of their product.
“RYSE are experienced in accessing the primary healthcare and medical insurer markets in the UK. We’re delighted to be working with RYSE in the next phase of our growth, in order to deliver technology and digital services for the modern day General Practice”
Asim Mirza, Founder of Firza
MediShout provides mobile and web based healthcare reporting software to quickly, and accurately, report logistical issues to increase the quality and reduce the cost of healthcare delivery.
MediShout’s product allows healthcare providers to prioritise problems and predictive software analytics prevent equipment issues! The company launched their application with healthcare providers and works with suppliers to integrate communication in the clinical setting.
The company is active in NHS hospitals, and clinics, and allows healthcare providers to instantly report any issues encountered. Users simply select their location, describe their problem, add a photo, and press Shout!
MediShout raised seed funding, was awarded an Innovate UK grant, and is a member of the NHS Clinical Entrepreneur programme.
“RYSE has provided us with a first seed round of funding to develop our reach into the broader healthcare market. We are excited to work with them - to address some of the key issues in our healthcare supply chain - for the benefit of our valued healthcare providers and patients”
Dr Ashish Kalraiya, Founder of MediShout
Oto builds digital therapeutics that allows instant access to an evidence based therapy app for tinnitus – a debilitating condition affecting 1 in 8 people. Their vision is simple: a world where everyone can live without intrusion from tinnitus.
Tinnitus is a growing problem globally and the treatment landscape is changing in the UK – new guidelines by National Institute for Clinical Excellence (NICE) and Royal College of General Practitioners (RCGP) recommend digital tinnitus-related cognitive behavioural therapy (CBT) as first line treatment.
Oto is raising £850k in this round and is a member of the NHS Clinical Entrepreneur programme.
“Tinnitus is a condition that has long been underfunded and underserved. RYSE’s healthcare and funding network will help us improve tinnitus management for millions around the world.”
Dr Edmund Farrar, Co-founder of Oto
Healthera is the leading online healthcare prescription marketplace platform through the largest digital platform of pharmacies and GPs in the UK.
The company is the only B2B2C marketplace in this space, offering a quick and seamless prescription experience for patients and pharmacies. With this unique model, they can offer a faster, more scalable service than online pharmacies without incurring any of the logistics and admin costs.
Healthera is raising £3m in this round and, since 2018, has scaled to over 1,100 pharmacies and handled over 2 million prescription items.
“We have allowed the long tail of local pharmacies to benefit from the rapid digitalisation accelerated by Covid-19, while also providing white label capabilities to larger multinational pharmacies such as Superdrug. We are very excited by the opportunity to work together with RYSE as we continue to develop the healthcare marketplace based on our network of pharmacies at an impressive rate.”
Quintus Liu, Founder of Healthera