The Co-Investor Circle backs online GP marketplace
Members of the Co-Investor Circle (CIC), a private investor network, have completed a follow-on funding round into Push Doctor, Europe’s largest online GP marketplace. CIC members have invested alongside Oxford Capital, Draper Esprit and Partech as part of a £3.5m round to support Push Doctor’s continued growth in the digital healthcare market.
CIC is a private network of individuals and Family Offices seeking to make investments into high growth potential UK companies, alongside an established venture capital manager.
PushDoctor.co.uk plans to use the investment to strengthen its brand position as category leader, carry out further product innovations and to further its industry-connectivity, offering patients a simpler and more powerful set of routes into the healthcare eco-system.
Richard Roberts, Director, Private Clients, Oxford Capital Co-Investor Circle, said:
“Co-Investor Circle members have been very keen to back Push Doctor. The company is creating a digital healthcare brand for the long term that people will turn to for real help. It has the potential to change lives with each and every connection.
“The CIC invests directly alongside and on the same terms as Oxford Capitals funds – benefiting from its due diligence and selection process, institutional investment terms and ongoing operational and strategic involvement – enabling them to create their own portfolio of unlisted securities in a risk managed way.”
Push Doctor allows patients to have private GP appointments online, via a two-way video conversation. The company has a network of more than 7,000 UK-registered GPs, and users can see a GP immediately or book an appointment between 6am and 10pm, seven days a week, through the Push Doctor website or mobile app.
The demand for convenient doctor consultations is growing as health services come under increasing pressure and GP practices are no longer required to provide appointments within 48 hours. Advances in technology have improved the quality of video calling, making it possible for doctors to deal with many patient needs over the internet. Over the past year Push Doctor have shown strong growth in appointment volumes and are now the UK market leader.
For further information please contact:
- Richard Roberts, Director, Private Clients, Oxford Capital Co-Investor Circle: +44 (0)1865 860760; rroberts@oxcp.com
- Mike Lord, Lord Public Relations: +44 (0)7831 401 311; lord.mike@btinternet.com
Notes to editors
About the Co-Investor Circle (www.oxcp.com/cic)
The Co-Investor Circle is a private network of individuals and Family Offices seeking to make investments into high growth potential UK companies, alongside an established venture capital manager.
Members can invest directly alongside, and on the same terms as Oxford Capitals funds – benefiting from our due diligence and selection process, institutional investment terms and ongoing operational and strategic involvement – enabling them to create their own portfolio of unlisted securities in a risk managed way.
Investments are focused across a number of sectors including software, consumer internet, digital media and healthcare. Most investments will qualify for tax advantages under the Enterprise Investment Scheme. Members have invested almost £60m into 26 companies, sharing in over £260m of exit value.
Oxford Capital is a specialist investment manager, with over £300m of AUM invested across Infrastructure and Growth strategies.
About PushDoctor (www.PushDoctor.co.uk)
PushDoctor.co.uk is an NHS-commissioned online service connecting patients with a network of over 7,000 friendly and highly skilled, GMC-registered UK General Practitioners, via secure video consultations, wherever they are.
PushDoctor.co.uk is regulated by the Care Quality Commission in England, and uses HIPAA-approved super-grade video technology.
Founded in 2013 by Eren Ozagir and Matt Elcock with the aim of providing high-quality care that works for the people, it was the first On-Demand Remote Care provider to launch in the UK App Store and has grown to become one of the fastest-growing clinician networks in the country.
GPs are able to conduct examinations and provide medical expertise on a wide range of health concerns. For a full list, click here.
For more information and to book an appointment, visit www.PushDoctor.co.uk
