Doccla ropes in $3.3Mn seed funding from Giant Ventures & Speedinvest

Doccla, a healthcare startup focused on virtual ward technology, has raised $3.3 million in a seed investment round led by Speedinvest and Giant Ventures.

According to the firm, the raised capital will be used to invest in technological innovations and further in medical wearables and journal record systems. Additionally, it plans to strengthen its footprint in the European healthcare market.

Doccla aims at enabling hospitals to estimate when beds will become available by monitoring patients remotely with the help of wearable medical equipment. This subsequently assists in alleviating system bottlenecks.

Founded by Martin Ratz and Dag Larrson, Doccla claims that it has achieved a 29% reduction in Emergency Admissions and a 20% reduction in A&E attendance, saving thousands of bed days for the NHS. Its current competitors are Huma, Current Health, and Cadence.

Recently, Cadence raised $41 million from Thrive and General Catalyst. It offers remote patient monitoring technology that enables clinicians to monitor patients at home and provide tailored feedback via texts and video visits.

Doccla claims that it can also monitor patients at home. Its development was accelerated by the pandemic, alike other technologies. Overburdened hospitals were seen to require technologies that build virtual wards to track patients' movements both in the hospital and when they returned home.

According to Dag Larsson, CEO and co-founder of Doccla – Their firm's end-to-end virtual ward services are simple to implement and challenging to overlook by care providers. The NHS is currently facing a challenging winter season, and Doccla is improving its technology to help healthcare professionals.

He further said that they are different from their competition as their firm helps patients throughout their whole journey including all last-mile activities like logistics, customer service, and even pre-configured mobile phones.

As a result, their firm has been able to win contracts with exceptionally high patient and doctors approval.

Source Credit - https://techcrunch.com/2021/09/15/patient-monitoring-startup-doccla-secures-3-3m-seed-funding-for-virtual-wards-platform/