About TestCard
TestCard is a company based in London (United Kingdom) founded in 2016 by Andrew Botham. It operates as a HealthTech, and SaaS (Software-as-a-Service). TestCard has raised $20.22 million across 6 funding rounds from investors including West Hill Capital, Neo Ventures and Mark Cuthbert. The company has 39 employees as of December 31, 2021. TestCard offers products and services including ClearScreen and At-Home Testing. TestCard operates in a competitive market with competitors including Withings, Ultrahuman, Tyto Care, iHealth Labs and Oura, among others.
- Headquarter London, United Kingdom
- Employees 39 as on 31 Dec, 2021
- Founders Andrew Botham
- Stage Minicorn
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Sectors
HealthcareTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Testcard Ltd
- Date of Incorporation 11 May, 2017
- Jurisdiction EAST AYTON, SCARBOROUGH, ENGLAND
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Annual Revenue
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Net Profit
$-5.82 M (USD)-78as on Dec 31, 2021
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EBITDA
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Total Equity Funding
$20.22 M (USD)
in 6 rounds
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Latest Funding Round
$10 M (USD), Series B
Apr 20, 2022
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Investors
West Hill Capital
& 43 more
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Employee Count
39
as on Dec 31, 2021
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Products & Services of TestCard
TestCard offers a comprehensive portfolio of products and services, including ClearScreen and At-Home Testing. 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 platform for clinical-grade diagnostic test scanning.
Innovative self-testing solutions for accurate home diagnostics.
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Funding Insights of TestCard
TestCard has successfully raised a total of $20.22M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $10 million completed in April 2022. 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 6
- Last Round Series B — $10.0M
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First Round
First Round
(11 Jul 2017)
- Investors Count 44
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series B - TestCard | Valuation |
investors |
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| Oct, 2020 | Amount | Series A - TestCard | Valuation | West Hill Capital |
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| May, 2019 | Amount | Seed - TestCard | Valuation | Neo 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 TestCard
TestCard has secured backing from 44 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include West Hill Capital, Neo Ventures and Mark Cuthbert. 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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Growth-stage venture capital investments are provided by West Hill Capital.
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Founded Year | Domain | Location | |
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Data Exchanges and IoT sector focused early & late stage VC firm investing in Europe
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Founded Year | Domain | Location | |
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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 TestCard
| 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 - TestCard
| 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 |
Testcard Comparisons
Competitors of TestCard
TestCard 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 Withings, Ultrahuman, Tyto Care, iHealth Labs and Oura, 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 |
Connected devices for health, sleep, and activity monitoring are developed.
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| domain | founded_year | HQ Location |
Metabolic health is tracked via devices and fitness platforms.
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| domain | founded_year | HQ Location |
Medical consultations are facilitated via self-exams and remote diagnostic devices.
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| domain | founded_year | HQ Location |
Personal healthcare devices for vital monitoring are designed and produced.
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| domain | founded_year | HQ Location |
Health-tracking smart rings and biosensors are developed for biometric monitoring.
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| domain | founded_year | HQ Location |
Medical devices for structural heart disease are developed and provided.
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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 Testcard
Frequently Asked Questions about TestCard
When was TestCard founded?
TestCard was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is TestCard located?
TestCard is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is TestCard a funded company?
TestCard is a funded company, having raised a total of $20.22M across 6 funding rounds to date. The company's 1st funding round was a Seed of $2.02M, raised on Jul 11, 2017.
How many employees does TestCard have?
As of Dec 31, 2021, the latest employee count at TestCard is 39.
What does TestCard do?
TestCard is established as a provider of digital platform technology that transforms camera-enabled smart devices into clinical-grade scanners for diagnostic testing. Solutions are offered across clinical settings, at-home testing, and research partnerships. Collaboration with entities like NHS trusts and Roche is maintained to enhance point-of-care testing accessibility. Integration into existing hardware and software systems is supported, alongside innovations in self-testing for accuracy and affordability. Research solutions are provided to organizations such as Yorkshire Cancer Research for instant test results and data recording.
Who are the top competitors of TestCard?
TestCard's top competitors include Withings, Ultrahuman and Oura.
What products or services does TestCard offer?
TestCard offers ClearScreen and At-Home Testing.
Who are TestCard's investors?
TestCard has 44 investors. Key investors include West Hill Capital, Neo Ventures, Mark Cuthbert, Wayra.co.uk, and Lindsey Niblett.
What is TestCard's valuation?
The valuation of TestCard is $16.96M as of Mar 2019.
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