Online GP service, GPDQ, has raised £2 million in Series A funding from investors.
IW Capital has completed the raise to support the digital primary healthcare provider and its short term growth plans in response to the COVID-19 pandemic.
GDPQ, CQC certified, supports providers with an online GP on-demand service. Launched in 2015, it provides a network of online doctors for NHS and private patients.
The company said it aims to secure a leading position in the market, following the investment.
Paul Roberts, CEO of GPDQ, said “We set out five years ago with a vision to build a more sustainable healthcare system in the UK by working with the NHS, employers and insurers to deliver more care closer to patients out in the community. We’ve worked hard to build a community of clinicians who believe passionately in the ability of technology and new ways of working to achieve that goal. Whether the route to connect is through a visit, in clinic or over video, the personal interaction between doctor and patient is at the heart of everything we do.”
“This £2m Series A investment will bolster GPDQ’s ability to deliver at scale as it supports the NHS, employers and insurers in getting the UK safely back to normality in the wake of COVID-19.”
“Remobilising the workforce following lockdown will be an enormous challenge for all employers, and our solution provides the necessary clinical guidance and support for them to do that. Meanwhile our community visiting services will ensure that those most at risk, including those in care homes are not left behind and forgotten.”
Luke Davis, IW Capital chief executive, said “We had an overwhelming demand from our investor base to support this GPDQ raise despite widespread economic uncertainty, and this demonstrates the value of private capital in ensuring that innovative SMEs can still access the funding they need to grow.”
“The investment also shows the importance of private investors in growing businesses that can have an impact on national and global issues such as COVID-19. As investment providers we have a duty to offer these opportunities to investors but also to make sure that innovative SMEs get the funding required to grow.”
