PRESS RELEASE

16th August 2018

Future Care Capital makes inaugural investment in Healthera

In anticipation of the foundation of an early stage Innovation Fund, Future Care Capital (FCC) has made an investment in Healthera, a Cambridge Enterprise Seed Funds portfolio company.

Healthera connects patients to a platform of hundreds of pharmacies and NHS GPs, allowing them to order and track their prescriptions, access clinical services, and monitor their medication intake in one digital end-to-end solution. Healthera’s vision is to build a single smart platform to digitise medicine for 98% of patients and their local community pharmacies and GPs. The platform’s infrastructure starts with repeat prescriptions, but the enormous dataset also provides potential for expanding into OTC’s, data-led clinical decisions, and real-world pharmaceutical insight.

FCC is a charity that aims to facilitate and stimulate a national debate around health and care. FCC brings together innovators, funders and policymakers to improve health and care outcomes.

FCC’s Innovation Fund aims to help address major health and care needs, such as mental health, ageing and living with chronic conditions, by investing in innovative enterprises. The Fund will invest in UK-based, early stage, high-tech, high-growth enterprises in the fields of digital health, assisted living, services and Class I medical devices.

The investment in Healthera was led by Accelerated Digital Ventures and included Cambridge Enterprise Seed Funds, University of Cambridge Enterprise Fund as well as FCC.

Quintus Liu, Chief Executive of Healthera, said:

“Over the past months, Healthera’s platform has won the confidence of the market as shown by record-breaking pace of adoption among patients, healthcare professionals, and NHS bodies. With this investment led by keystone investors ADV, Cambridge Enterprise, and Future Care Capital, Healthera is accelerating its expansion into every household, and eventually, multiple healthcare verticals.”

Tania Villares Balsa, Investment Manager from Cambridge Enterprise Seed Funds, said:

“We’re delighted to have Future Care Capital on board with Healthera and we look forward to doing more co-investments with them in the future.”

Bradley Hardiman, Managing Partner of the Innovation Fund, said:

“I have been monitoring Healthera since they received their seed funding from Cambridge Enterprise and have been really impressed with the progress they have made to date. I am thrilled that the company has become Future Care Capital’s first investment.”

Andrew Whelan, Chairman of the Board of Trustees at Future Care Capital, said:

“In addition to Future Care Capital’s charitable work on the future of health and care, we are keen to invest in commercial and innovative approaches that are in line with our objects and that address the major health and care challenges of our time. I am delighted that we are able to make our inaugural investment in Healthera as a pre-cursor to raising our Innovation Fund.”

ENDS

Notes to Editors

Press enquiries – CJ Marshall, [email protected] or 020 3909 3704.

Future Care Capital (FCC) is a charity that exists to shape future health and social care policy to deliver better outcomes for society. As a provider of insight and analysis, FCC will use campaigns, policy papers and a supporting programme of events to inform public policy. FCC also has a keen interest in how technology can transform health and social care outcomes. To that end FCC aims to support innovative ventures, acting as a specialist start-up investor through its separate Innovation Fund. The Fund will invest in early stage high tech health and care companies and the long-term vision is to create an evergreen fund. FCC believes that focused investment in these areas, combined with its advocacy and policy activities will deliver improved health and social care outcomes.

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