Cardiff-based medical technology company Medi2data has raised £2.1 million in funding backed by Wealth Club and facilitated through the Enterprise Investment Scheme (EIS). The investment will help Medi2data support its infrastructure maintenance and workforce expansion.
- Founded in 2017 by Richard Freeman, Medi2data develops a range of products and services tailored to support GP surgeries, patients, and instructing parties in the quick and safe exchange of medical data. The startup aims to transform the method of producing and obtaining medical evidence from GP surgeries, helping patients by simplifying and improving this aspect of healthcare.
- With offices in London and Cardiff, Medi2data claims that its services are used by thousands of GP surgeries in the UK. Furthermore, the startup partnered with several firms, including AWS Partner Network, Tpp, Flexion, EMIS, Cegedim, and Swansea University.
Details of the deal
- Bristol-based Wealth Club led the investment round facilitated through the Enterprise Investment Scheme (EIS). As a non-advisory financial firm, Wealth Club specializes in providing tax-efficient investment opportunities tailored for high-net-worth individuals. Existing investors also joined the round.
- The new capital will support Medi2data’s infrastructure maintenance, workforce expansion, and global expansion into new markets, specifically in Cape Town and South Africa.
