10 coolest UK healthech startups in 2021 - UKTN | UK Tech News (2023)

Amidst the pandemic crisis, the healthcare and life sciences industries have come under increased scrutiny. Be it global and national bodies or private healthcare providers, there is a great focus right now. Also, government spending on healthcare services has increased exponentially, encouraging widespread digital transformation.

As these companies are scaling up to meet the pandemic demand, 2020 saw a record high VC investment in the UK healthtech companies at $2.33 billion, notes dated from Tech Nation. This leaves the UK behind the US and China on a global scale. Also, healthtech investment was second to fintech in 2020.

While we are in mid-2021, there seems to be no change in this trend with several UK healthtech companies attracting VC investment. Also, there are massive job openings of close to 10,000 in the healthtech scaleups this year. Having detailed these trends, here is a list of the coolest UK healthtech startups that deserve your attention in 2021.

10 coolest UK healthech startups in 2021 - UKTN | UK Tech News (1)

Birdie

Founder/s: Max Parmentier, Abeed Mohamed, Gwen Le Calvez, Rajiv Tanna

Founded year: 2017

Funding: £10.5M

Birdie is the caretech reinventing elderly care at home. The company believes older people should have vibrant and happy lives as they age. Its intuitive app-based solution is the operating system for the care community to deliver more coordinated, personalised and preventative care. Birdie is B Corp certified and committed to caring for their team, society and planet.

In May, Birdie secured £8.2 million funding in a round led by Index Ventures, an international VC firm along with Kamet Ventures. The funding will be used to power Birdie’s next phase of growth in the UK as it scales to meet rapidly growing demand among the care community. Birdie will also invest in product innovation, creating new features to address customer requests.

(Video) Top 5 Medical Innovations to look for in 2022

10 coolest UK healthech startups in 2021 - UKTN | UK Tech News (2)

Neurovalens

Founder/s: Paul D McGeoch, Jason McKeown

Founded year: 2013

Funding: £13.6M

Neurovalens, a Belfast healthtech startup has developed wearables focused on users’ health. The products launched by company includes Modius Health and Modius Sleep. Modius Health is a headband, which helps lose weight by buzzing your brain. While the later intends to solve sleep problems sans any medication. The current focus is on treating the neurological elements of obesity through stimulation of the brainstem and hypothalamus.

In January last year, this healthtech wearable maker raised £4.6 million in a round led by London-based Wharton Asset Management along with TechStart Ventures, IQ Capital, Beltrae Partners, Co-Fund NI and the Angel CoFund.

10 coolest UK healthech startups in 2021 - UKTN | UK Tech News (3)

Medefer

Founder/s: Bahman Nedjat-Shokouhi

Founded year: 2013

Funding: £10.5M

Medefer is a Care Quality Commission registered provider, working in partnership with the NHS to provide a virtual outpatient service and deliver faster, better care for patients. The London startup uses its software platform to review and manage GP referrals online by its team of UK-registered, specialist consultants, so patients don’t have to wait for an in-person hospital appointment. It works closely with the NHS and Medefer is now included in the NHS England Increasing Capacity Framework.

In September last year, Medefer picked up £10 million funding in a round led by private investment firm Nickleby Capital. The growth funding will be used to invest in people and technology to service new contracts, enable new product development and ensure scalable and robust growth from its strong pipeline.

10 coolest UK healthech startups in 2021 - UKTN | UK Tech News (4)

Axis Spine

Founder/s: Jon Arcos

(Video) The 7 Biggest Future Trends In Healthcare

Founded year: 2004

Funding: £855K

UK-based Axis is developing the next generation of Anterior Spinal Implant technology which provides surgeons with increased correction and alignment options. Its modular devices are inserted with less force than conventional implants to reduce the risks of structural damage which can lead to subsidence, an under-reported and recognised complication.

Earlier this year, the spinal medtech startup pocketed £2.2 million in a funding round led by ACF Investors’ new Delta Fund with follow-on investment from Mercia’s EIS funds. Also, it has been backed by a syndicate of angel investors with deep sector knowledge. The funding will support the launch of the new device in the USA and accelerate developments of Oblique, Lateral cage implants, and a highly differentiated access system.

10 coolest UK healthech startups in 2021 - UKTN | UK Tech News (5)

HealthHero

Founder/s: Ranjan Singh

Founded year: 2019

Funding: NA

HealthHero is a digital health provider that brings together human expertise and digital convenience to provide quality remote health consultations. It offers remote access to experienced doctors and expert clinicians directly to patients, insurance-policy holders and employees. HealthHero provides a full spectrum of primary care services delivered through a suite of digital tools. Based in London, the company also operates in the Republic of Ireland, and France.

Recently, HealthHero announced the acquisition of French telehealth pioneer, Qare to become Europe’s largest telehealth company, backed by Europe’s leading healthtech venture builder Kamet Ventures. Prior to this, the virtual care company acquired the digital triage platform Doctorlink.

10 coolest UK healthech startups in 2021 - UKTN | UK Tech News (6)

Apricity

Founder/s: Caroline Noublanche, Julio Louzada, Andrew Berkley

Founded year: 2016

(Video) Top 10 UK Tech startups 2019 - Rated by Early Metrics

Funding: £5.2M

Apricity is the world’s first virtual fertility clinic, which puts patients and their needs at the centre of the fertility process. It is a one-stop-shop with digital tools and modular services. The femtech startup lets women customise their journeys and access the best doctors and techniques in a streamlined process combining the best of Artificial Intelligence with a human touch. Apricity has also developed proprietary algorithms to inform the treatment management for every individual or couple, thereby maximising their prospects for success.

Back in 2019, Apricity raised €6 million in its Series A funding round from AXA’s Kamet Ventures. The fundraising was meant to accelerate the company’s go-to-market plans, especially with AXA, to better support and empower women and couples everywhere.

10 coolest UK healthech startups in 2021 - UKTN | UK Tech News (7)

Medloop

Founder/s: Shishir Singhee

Founded year: 2018

Funding: £13M

London-headquartered Medloop is a combination of a SaaS platform for doctors, and an app for patients. It enables doctors and administrators to manage patient populations better and more efficiently while empowering patients themselves to live healthier lives. It is being introduced into stretched healthcare systems that are characterised by lack of regular contact between doctor and patient, and is designed to enable both parties to initiate contact proactively.

Early in 2020, Medloop grabbed €6 million in investment to enhance its product offering and continue expansion across Germany and the UK. The investment was pumped in by Kamet Ventures and AXA.

10 coolest UK healthech startups in 2021 - UKTN | UK Tech News (8)

Oxford Endovascular

Founder/s: Mike Karim

Founded year: 2015

Funding: £13M

(Video) News Day - A Formula for Health Tech Startup Success

Oxford Endovascular, a spin-out from Oxford University and is working to prevent brain haemorrhage by developing technology to stop it from happening. The company has developed a micro stent called OxiFlow, which utilises ‘Origami’ engineering. This can be inserted into the brain blood vessels via minimally invasive groin access. It lies across the base of the aneurysm and causes it to shrink and heal.

In April this year, the medtech company secured $10 million (nearly £7.2 million) in a Series A funding round led by Vulpes Investment Management. Existing investors including, Oxford Sciences Innovation PLC, Parkwalk Advisors, Perivoli Innovations, Oxford Investment Consultants, the University of Oxford, and private individuals, also participated in the round. The funding will be used to complete development work and gain first-in-human data through an early feasibility clinical study.

10 coolest UK healthech startups in 2021 - UKTN | UK Tech News (9)

BrainWaveBank (Cumulus Neuroscience)

Founder/s: Ronan Cunningham, Brian Murphy

Founded year: 2015

Funding: £2.2M

UK-based Cumulus Neuroscience (formerly BrainWaveBank) makes it possible to measure and track brain activity and cognitive performance. It has developed a first-in-class wearable electroencephalography (EEG) device to conveniently and non-invasively measure the mechanisms that underpin neurological disorders and therapies. The data can support clinical trials and the development of new therapies and diagnostics while individual level data can provide users with personalised insights into their cognitive health.

In May this year, the company bagged £6 million in funding led by the Dementia Discovery Fund (DDF) joined by LifeArc, a medical research charity, and the UK Future Fund. Cumulus Neuroscience will use the funds to advance its next-generation integrated physiological and digital biomarker platform, which provides clinical trial data and AI-powered insights to accelerate the development of life-changing CNS therapies.

10 coolest UK healthech startups in 2021 - UKTN | UK Tech News (10)

Adapttech

Founder/s: Mario Saenz Espinoza, Frederico Carpinteiro

Founded year: 2015

Funding: £4M

Adapttech is a biomedical company that develops innovative, smart and wearable technologies to help people with physical limitations improve their quality of life. The business has created technologies to help with the fitting and monitoring of lower limb prosthetic devices.

(Video) HealthTech Hour with Carey McClellan, Founder of GetUBetter

In March this year, the Birmingham-based biomedical startup pocketed £2 million in venture capital funding. The investment round was led by existing investors, including the MEIF Proof of Concept & Early Stage Fund managed by Mercia and part of the Midlands Engine Investment Fund. The others that took part in the round are Bionova Capital (formerly Hovione Capital) and new investors, including ACF Investors, Wealth Club and Wren Capital. Adapttech will use the investment for new product developments and drive sales of its next-generation system to improve prosthetic devices’ fitting.

FAQs

10 coolest UK healthech startups in 2021 - UKTN | UK Tech News? ›

10 coolest UK healthech startups in 2021
  • image credits: Birdie. Birdie. ...
  • image credits: Neurovalens. Neurovalens. ...
  • image credits: Medefer. Medefer. ...
  • image credits: Axis Spine. Axis Spine. ...
  • image credits: HealthHero. HealthHero. ...
  • image credits: Apricity. Apricity. ...
  • image credits: Medloop. Medloop. ...
  • image credits: Oxford Endovascular.
Jun 28, 2021

Which is the best IT startup in 2021? ›

Private Startups Valued at Over $10 Billion
CompanyValuationCategory
Klarna$45.6BFintech
Canva$40BInternet software & services
Instacart$39BSupply chain, logistics, & delivery
Databricks$38BData management & analytics
6 more rows
Dec 8, 2021

What is health tech startup? ›

It is an online platform for users to order prescribed medicines, OTC pharmaceuticals, and other healthcare products. Also, users can book the diagnostic tests online and receive teleconsultation services with the doctors using the platform.

What is the latest startup? ›

Top Indian Startups To Watch in 2022
  1. TradeX. Year Founded: 2021. HQ: New Delhi, India. ...
  2. IppoPay. Year Founded: 2020. HQ: Chennai, India. ...
  3. Refyne. Year Founded: 2020. HQ: Bengaluru, India. ...
  4. AarogyaAI. Year Founded: 2019. ...
  5. Glamplus. Year Founded: 2020. ...
  6. Unbox Robotics. Year Founded: 2019. ...
  7. Rupifi. Year Founded: 2020. ...
  8. OneDios. Year Founded: 2019.
Mar 16, 2022

What is a healthtech company? ›

Though it is broadly described as any technology which enables healthcare products and services that can be delivered or consumed outside of a hospital or physician's office, the healthtech companies also provide mobility and information technologies to improve healthcare delivery while decreasing its costs.

How do I find interesting startups? ›

Places You Can Find Startup Companies
  1. Crunchbase. Crunchbase is one of the leading specialized platforms that details startups; location, revenue, employee count, etc. ...
  2. AngelList. Startup founders list their startups on here, especially when they are looking for investments. ...
  3. StartupLister. ...
  4. Twitter. ...
  5. News Publications.
Jan 27, 2022

What is the most successful startup? ›

The Inside Story of the 10 Most Successful Startups
  • #1 AirBnB. This is a story of 3 guys and how they went from renting mattresses to a $10 billion company. ...
  • #2 Instagram. This is a story of two guys who made an app in flat 8 weeks. ...
  • #3 Pinterest. ...
  • #4 Angry Birds. ...
  • #5 Linkedin. ...
  • #6 Uber. ...
  • #7 Snapchat. ...
  • #8 WhatsApp.

What's new in healthcare technology? ›

Artificial intelligence

AI is one of the most exciting technologies changing the healthcare landscape in 2022. AI is proving to be very valuable when it comes to detecting diseases early and for confirming an accurate diagnosis quicker.

What tech companies are doing in healthcare? ›

Global Healthcare Teach Industry Stats and Trends

The big 5 healthcare tech industries are healthcare tech, digital mental health, healthcare blockchain, healthcare data analytics, and healthcare IT.

What is an emerging technology in healthcare? ›

Emerging technology in healthcare is growing fast with innovations such as cloud computing, augmented reality, Internet of Things (IoT) connectivity, blockchain, and even drones to deliver prescriptions in a contactless manner.

Which startup is best to invest? ›

10 Start-Up Companies Worth Investing In
  • UpDog: Video Review App. ...
  • Hopper: Saves You Money on Travel. ...
  • GenoVive: Healthy Eating Designed for You. ...
  • ThinkUp: Social Media Information App. ...
  • Plated: Food Delivery Program. ...
  • Packback Books: eBooks for Rent. ...
  • Samba: Video Reaction App. ...
  • Groundwork: Workshop Interview Program.

Which field is best for startup? ›

Entrepreneurs Share 7 Great Fields for Starting a Business
  • Social Media Consulting. ...
  • PR and Marketing. ...
  • Service Industry. ...
  • Online Business. ...
  • Helping Special-Needs Individuals. ...
  • Software and Cloud Services. ...
  • Something You're Passionate About.
Mar 26, 2014

Where can I find a list of startups? ›

The 12 Best Startup Directories & Startup Listing Websites
  • Google My Business. ...
  • Crunchbase. ...
  • Index.co. ...
  • Feedough. ...
  • Killer Startups. ...
  • My Startup Tool. ...
  • Alltopstartups. ...
  • Product Hunt.

What is the difference between medtech and healthtech? ›

Whereas healthtech focuses on operational improvements, the term “medtech” refers to medical technology improvements. By enabling the development of the latest medical devices and techniques, medtech improves the diagnosis and treatment of medical conditions.

What is the difference between medtech and biotech? ›

Medical Technologists perform lab tests used to diagnose and treat disease in a clinical setting while the Medical Biotechnologist works in a research setting, providing valuable data for scientific studies.

What is AI healthcare? ›

AI in healthcare is an umbrella term to describe the application of machine learning (ML) algorithms and other cognitive technologies in medical settings. In the simplest sense, AI is when computers and other machines mimic human cognition, and are capable of learning, thinking, and making decisions or taking actions.

What is the future of startups? ›

Tech startups will continue to hog the industry limelight next year and in the years to come. With each new company looking to take advantage of growth opportunities and investors looking to part with venture capital in various industries, 2021 is set to be an exciting year without much business competition.

Which startup is best to invest? ›

10 Start-Up Companies Worth Investing In
  • UpDog: Video Review App. ...
  • Hopper: Saves You Money on Travel. ...
  • GenoVive: Healthy Eating Designed for You. ...
  • ThinkUp: Social Media Information App. ...
  • Plated: Food Delivery Program. ...
  • Packback Books: eBooks for Rent. ...
  • Samba: Video Reaction App. ...
  • Groundwork: Workshop Interview Program.

Which technology is best for startups? ›

What are the Best Tech Startup Ideas to Watch for in 2022?
  • Artificial Intelligence.
  • Telehealth and Virtual Medical Services.
  • Remote Working.
  • EdTech Startup.
  • Biotech Startup.
  • Robotic Delivery.
  • eCommerce Startup.
  • Internet of Things.

Which field is best for startup? ›

Entrepreneurs Share 7 Great Fields for Starting a Business
  • Social Media Consulting. ...
  • PR and Marketing. ...
  • Service Industry. ...
  • Online Business. ...
  • Helping Special-Needs Individuals. ...
  • Software and Cloud Services. ...
  • Something You're Passionate About.
Mar 26, 2014

Which startup is best in India? ›

Top 20 Startups in India – 2022
  • CRED.
  • Vernacular.ai.
  • PharmEasy.
  • Digit Insurance.
  • Meesho.
  • Groww.
  • Nykaa.
  • Udaan.
Jul 25, 2022

What is the future of startups? ›

Tech startups will continue to hog the industry limelight next year and in the years to come. With each new company looking to take advantage of growth opportunities and investors looking to part with venture capital in various industries, 2021 is set to be an exciting year without much business competition.

Where can I find a list of startups? ›

The 12 Best Startup Directories & Startup Listing Websites
  • Google My Business. ...
  • Crunchbase. ...
  • Index.co. ...
  • Feedough. ...
  • Killer Startups. ...
  • My Startup Tool. ...
  • Alltopstartups. ...
  • Product Hunt.

Videos

1. Scaling Up Your Startups : The High-Impact Way
(Endeavor Indonesia)
2. MedCity CEO talks about UK health tech
(Hot Topics)
3. Need For Seed: HealthTech Edition
(SeedLegals)
4. 5 African Tech Companies That Are Changing The World
(The African Script)
5. VISA Report 2021 – A look at the UK tech economy in 2021 with Dr. George Windsor
(Tech Nation)
6. Health tech event inspires new health technology startups in Augusta
(Augusta University)
Top Articles
Latest Posts
Article information

Author: Errol Quitzon

Last Updated: 04/26/2023

Views: 6222

Rating: 4.9 / 5 (79 voted)

Reviews: 86% of readers found this page helpful

Author information

Name: Errol Quitzon

Birthday: 1993-04-02

Address: 70604 Haley Lane, Port Weldonside, TN 99233-0942

Phone: +9665282866296

Job: Product Retail Agent

Hobby: Computer programming, Horseback riding, Hooping, Dance, Ice skating, Backpacking, Rafting

Introduction: My name is Errol Quitzon, I am a fair, cute, fancy, clean, attractive, sparkling, kind person who loves writing and wants to share my knowledge and understanding with you.