Cambridge, United Kingdom-based digital health platform, Healthera, was awarded funding from Innovate UK. The company announced the financing on December 1, 2022. Healthera received an innovation loan of GBP 500K.
Since 2017, the company has received funding for the third time after following a rigorous process.
Purpose of funding for Healthera
The company intends to develop the next generation of innovative patient-pharmacy healthcare platforms with the latest capital injection.
Meanwhile, Healthera has plans to support its ongoing innovation in the community pharmacy and consumer medicine sector throughout the United Kingdom.
What the company’s officials have to say
Speaking on the recent development, Quintus Liu, CEO of Healthera, said, “This is an important step in our mission of becoming the go-to health hub for patients. As the market leaders for digitally transforming the pharmacy landscape, we’re excited to receive support from Innovate UK to further expedite this total innovation and truly future-proof the UK’s vital community pharmacy industry.”
In addition, Andrew Bellingham, Director of Product and Strategy at Healthera, said, “The pharmacy sector, which I’ve worked in for 20 years, is well-prepared to enhance their efficiencies, expand to more healthcare verticals, and reach more patients outside of their local vicinity through adopting digital technology. We’ve identified these opportunities and market gaps and are thrilled to be delivering the support that our invaluable community pharmacies deserve.”
What the Innovate UK official has to say
Scott O’Brien, Director of Innovation Finance at Innovate UK, further added, “We’re pleased to offer an innovation loan to Healthera to support the team on their mission to improve the delivery of healthcare through local pharmacies, a large market that is critical for the health of the nation and one that is now becoming ready to be further enhanced through digital innovation. The industry has huge potential for growth, and it’s important that an innovative platform like Healthera continues to push boundaries.”
Innovate UK is the UK’s innovation agency. Department for Business, Energy and Industrial Strategy sponsors the agency. It actively supports game-changing and commercially viable R&D projects that can significantly impact the UK economy.
About Healthera
Founders Jin Dai, Martin Hao, and Quintus Liu launched the company in 2015. The company is a spin-of Cambridge University. It operates as a market-leading healthcare platform. The company provides patients with medicines, healthcare services as well as products through the largest digital network of pharmacies in the UK. Besides, it boasts a robust network, including more than 1,500 pharmacies from large national chains and independent providers.
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