About eConsult
eConsult is a company based in London (United Kingdom) founded in 2011 by Murray Ellender was acquired by Huma in October 2024.. eConsult has raised $16 million across 2 funding rounds from investors including Huma, Calculus Capital and Gresham House Ventures. The company has 58 employees as of March 31, 2021. eConsult has completed 1 acquisition, including Q Doctor. eConsult offers products and services including eConsult, eTriage, and eSpecialist. eConsult operates in a competitive market with competitors including Amwell, Qare, Doctor Care Anywhere, Liva Healthcare and Medefer, among others.
- Headquarter London, United Kingdom
- Employees 58 as on 31 Mar, 2021
- Founders Murray Ellender
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Econsult Health Limited
- Date of Incorporation 10 May, 2011
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
$10.13 M (USD)19as on Mar 31, 2022
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Net Profit
$-6.68 M (USD)-537as on Mar 31, 2022
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EBITDA
$-7.29 M (USD)-634as on Mar 31, 2022
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Total Equity Funding
$16 M (USD)
in 2 rounds
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Latest Funding Round
$9.56 M (USD), Series A
Feb 04, 2021
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Investors
Huma
& 2 more
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Employee Count
58
as on Mar 31, 2021
- Investments & Acquisitions
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Acquired by
Huma
(Oct 02, 2024)
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Products & Services of eConsult
eConsult offers a comprehensive portfolio of products and services, including eConsult, eTriage, and eSpecialist. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Digital tool for online patient consultations and triage in primary care.
System for identifying and managing patient needs in emergency settings.
Platform for specialist triage and hybrid consultations in outpatients.
Funding Insights of eConsult
eConsult has successfully raised a total of $16M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $9.56 million completed in February 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $9.6M
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First Round
First Round
(08 Oct 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Series A - eConsult | Valuation | Gresham House Ventures | |
| Oct, 2020 | Amount | Series A - eConsult | Valuation | Gresham House Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in eConsult
eConsult has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Huma, Calculus Capital and Gresham House Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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UK venture capital investments are managed by Calculus Capital.
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Founded Year | Domain | Location | |
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Growth equity investments are made to scale high-potential businesses.
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Founded Year | Domain | Location | |
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Digital and AI-first health products are developed by Huma.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by eConsult
eConsult has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Q Doctor. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Teleconsultation with doctors is facilitated through an online app.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - eConsult
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Econsult Comparisons
Competitors of eConsult
eConsult operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Amwell, Qare, Doctor Care Anywhere, Liva Healthcare and Medefer, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Telehealth solutions are provided for doctors and patients' consultations.
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| domain | founded_year | HQ Location |
Telemedicine consultations are offered across 12 medical specialties via video.
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| domain | founded_year | HQ Location |
Online video consultations with UK doctors are facilitated for patients.
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| domain | founded_year | HQ Location |
Chronic care management solutions are provided for patients and professionals.
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| domain | founded_year | HQ Location |
Platform which enables general practitioners to liaise directly with specialists and consultants
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Econsult
Frequently Asked Questions about eConsult
When was eConsult founded?
eConsult was founded in 2011 and raised its 1st funding round 9 years after it was founded.
Where is eConsult located?
eConsult is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of eConsult?
Murray Ellender is the current CEO of eConsult. They have also founded this company.
Is eConsult a funded company?
eConsult is a funded company, having raised a total of $16M across 2 funding rounds to date. The company's 1st funding round was a Series A of $6.45M, raised on Oct 08, 2020.
How many employees does eConsult have?
As of Mar 31, 2021, the latest employee count at eConsult is 58.
What is the annual revenue of eConsult?
Annual revenue of eConsult is $10.13M as on Mar 31, 2022.
What does eConsult do?
Founded in 2011 and based in London, United Kingdom, eConsult operates in the healthcare software sector. Electronic forms are offered to enable patients to submit symptoms, medical reports, and requests, while collecting medical history through surveys. Data is stored in a database for access by consultants. A key product, eTriage, is utilized by NHS Emergency Departments and Urgent Treatment Centres to facilitate early identification of sick patients.
Who are the top competitors of eConsult?
eConsult's top competitors include Amwell, Push Doctor and Qare.
What products or services does eConsult offer?
eConsult offers eConsult, eTriage, and eSpecialist.
How many acquisitions has eConsult made?
eConsult has made 1 acquisition, including Q Doctor.
Who are eConsult's investors?
eConsult has 3 investors. Key investors include Huma, Calculus Capital, and Gresham House Ventures.
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