HealthTech startup Echo, a winner of UKTN’s Elevator Pitch LIVE 2016, has raised a £7m Series A led by White Star Capital.
The NHS-focused medication management app also drew support from MMC Ventures, LocalGlobe, Global Founders Capital and Public.io.
Today’s news comes after the London-based firm closed a £1.8m round in 2016.
Sai Lakshmi, Echo co-founder and CEO, explained: “White Star Capital brings decades of experience to scaling digital businesses and we’re excited to work with them on Echo’s next stage of growth. Our relentless focus on user experience has created a service that improves our quality of life while saving money for a cash-strapped NHS.”
Lakshmi added: “As someone who uses inhalers to manage my asthma, Echo has simplified a confusing and fragmented monthly chore. With these funds we plan to invest in further R&D, build out our engineering team and scale the business, working with colleagues across the NHS and primary care.”
The company claims to work with 90% of NHS England GP surgeries.
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Christian Hernandez, managing partner at White Star Capital, said: “Echo is bringing smart, data-driven solutions to a problem that affects millions of people, including members of my own family.
“The team’s focus on product design and their collaboration with the NHS continuously delights patients while benefiting doctors and the NHS. Echo puts the patient at the centre of the healthcare journey, streamlining medication management and hopefully improving their quality of life.”
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