Healthcare start-up Your.MD raises $5m from Smedvig Capital
Health assistant app provides users with NHS approved condition and treatment information
London-based digital healthcare start-up Your.MD has secured $5m in seed funding from Smedvig Capital, with participation from existing angel investors.
Launched in April 2014, Your.MD uses NHS assured information and proprietary algorithms to provide users with information about conditions, causes and what steps they can take to remedy their malady.
It claims its app has been downloaded 500,000 times and has dealt with over a million queries since launch.
The company recently signed a partnership agreement with the NHS to use its clinically approved condition and treatment information, and is currently looking into ways of using other NHS data.
The funding will be used towards development – combining artificial intelligence with machine-learning technology and data collected from users, to enhance the quality of its personalised symptom checker.
Matteo Berlucchi, CEO of Your.MD, commented: “We are confident that our free symptom checker contains the most comprehensive health information available, offering users the best solution for getting quick, accurate and actionable help on all the most common medical conditions.
“Now is the right time to scale up our team and operation in order to cement our position as market leaders.”
Marit Salte Hovstad, CFO of the Smedvig Family Office, said: “Your.MD’s platform can reach and help millions of people who are unwell, addressing a huge and under served market opportunity. We believe Your.MD is well placed to expand rapidly to the significant benefit of mobile users globally.”