About MedicSpot
MedicSpot is a company based in London (United Kingdom) founded in 2016 by Oliver Brooks and Zubair Ahmed.. MedicSpot has raised $4.72 million across 7 funding rounds from investors including UK Research and Innovation, Henley Business Angels and DigitalHealth.London. The company has 48 employees as of September 30, 2023. MedicSpot offers products and services including Weight Loss Treatments and Online GP Appointments. MedicSpot operates in a competitive market with competitors including Phlo, Zava, Phlo Connect, simple online healthcare and RXLive, among others.
- Headquarter London, United Kingdom
- Employees 48 as on 30 Sep, 2023
- Founders Oliver Brooks, Zubair Ahmed
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Medic Spot Limited
- Date of Incorporation 30 Mar, 2016
- Jurisdiction ST. LEONARDS-ON-SEA, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.72 M (USD)
in 7 rounds
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Latest Funding Round
$1.61 M (USD), Seed
Dec 04, 2020
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Investors
UK Research and Innovation
& 2 more
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Employee Count
48
as on Sep 30, 2023
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Products & Services of MedicSpot
MedicSpot offers a comprehensive portfolio of products and services, including Weight Loss Treatments and Online GP Appointments. 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.
Clinically-proven programs for sustainable weight reduction via online assessments.
Virtual consultations for general health and weight loss support.
Funding Insights of MedicSpot
MedicSpot has successfully raised a total of $4.72M across 7 strategic funding rounds. The most recent funding activity was a Seed round of $1.61 million completed in December 2020. 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 7
- Last Round Seed — $1.6M
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First Round
First Round
(21 May 2018)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2020 | Amount | Seed - MedicSpot | Valuation |
investors |
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| Mar, 2020 | Amount | Grant - MedicSpot | Valuation |
investors |
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| Jan, 2020 | Amount | Seed - MedicSpot | Valuation |
investors |
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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 MedicSpot
MedicSpot has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include UK Research and Innovation, Henley Business Angels and DigitalHealth.London. 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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A network of investors and entrepreneurs is facilitated by Henley Business Angels.
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Founded Year | Domain | Location | |
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Digital health solutions are provided in London, United Kingdom.
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Founded Year | Domain | Location | |
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Research and innovation funding is managed for UK advancement.
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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 MedicSpot
| 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 |
Financial Statements - MedicSpot
| 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 |
Medicspot Comparisons
Competitors of MedicSpot
MedicSpot 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 Phlo, Zava, Phlo Connect, simple online healthcare and RXLive, 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 |
Digital pharmacy app for medication management and pharmacist consultations.
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| domain | founded_year | HQ Location |
Online platform to order prescription medications or test kits
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| domain | founded_year | HQ Location |
Digital pharmacy infrastructure is provided to connect clinicians and patients.
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| domain | founded_year | HQ Location |
Offers online pharmacy, GP services, telehealth, and partnerships for accessible healthcare.
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| domain | founded_year | HQ Location |
Mobile app for remote consultation and prescription delivery
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Medicspot
Frequently Asked Questions about MedicSpot
When was MedicSpot founded?
MedicSpot was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is MedicSpot located?
MedicSpot is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of MedicSpot?
Zubair Ahmed is the current CEO of MedicSpot. They have also founded this company.
Is MedicSpot a funded company?
MedicSpot is a funded company, having raised a total of $4.72M across 7 funding rounds to date. The company's 1st funding round was a Seed of $1.52M, raised on May 21, 2018.
How many employees does MedicSpot have?
As of Sep 30, 2023, the latest employee count at MedicSpot is 48.
What does MedicSpot do?
MedicSpot was founded in 2016 in London, United Kingdom, within the telemedicine sector. Online consultations with general practitioners are conducted in pharmacy consultation rooms. Equipment such as the MedicCam for throat and ear examinations, along with a blood pressure cuff, stethoscope, pulse oximeter, and thermometer, is utilized to enable full patient assessments. Operations focus on integrating virtual healthcare with physical pharmacy locations.
Who are the top competitors of MedicSpot?
MedicSpot's top competitors include Zava, Phlo and Phlo Connect.
What products or services does MedicSpot offer?
MedicSpot offers Weight Loss Treatments and Online GP Appointments.
Who are MedicSpot's investors?
MedicSpot has 3 investors. Key investors include UK Research and Innovation, Henley Business Angels, and DigitalHealth.London.