Scan.com has raised a $12m Series A round co-led by Aviva Ventures, Simplyhealth Ventures, YZR Capital, Oxford Capital and Triple Point Ventures, with participation from Forefront Venture Partners.
The London and Atlanta-based diagnostic imaging platform said it will use the funding to scale US operations and develop bespoke products for UK insurers to accelerate healthcare referral processes to deliver life-saving imaging access and quicker results for patients.
The company is aiming to expand into five additional US states and secure enterprise contracts with payers and digital health platforms.
This follows a pilot in Atlanta, Georgia, where the company has established a network of more than 50 imaging centres and grown to $1m in annualised revenue in the first five weeks in the US after launching in February 2023.
Charlie Bullock, co-founder and CEO of Scan.com, said: “We are thrilled to have such strong support from our investors as we continue to build Scan.com across the UK & US.
“The capital will be used to continue to improve access to diagnostic imaging and medical screening exams, through our consumer facing marketplace and API.
“This round would not have been possible without the incredible effort and tenacity shown by our entire team, who have built at such a fast pace in what is traditionally a very slow-moving industry.”
Ben Luckett, chief innovation officer at Aviva, said: “Our investment in Scan.com is a statement of our intent to invest in promising young digital and tech firms – they are growing rapidly, have a unique customer proposition and are already leading the way on medical imaging services in the UK.
“We are really excited to support Scan.com’s development and growth.”
Rupert Novis, director of Simplyhealth Ventures, sai the insurer was proud to be investing in the service to help accelerate the development of predictive and preventative services across the changing healthcare landscape.
“Our expanding partnership with Scan.com will allow our customers to book MRI, CT, X-ray and Ultrasound scans online in minutes, without a referral from a GP,” Novis said.
“Scan.com’s aim of making booking a diagnostic scan as easy as booking a hotel room aligns perfectly with our purpose of improving access to healthcare for everyone in the UK.”
Stephen Hampson, investment director at Oxford Capital added the group was delighted to co-lead this Series A round.
“The business has grown significantly since we first invested and we’re looking forward to supporting them in their journey, particularly as they expand into the US market and secure significant B2B partnerships,” he added.