Medloop, which allows patients to manage healthcare needs and providers, has secured €6 million from Kamet Ventures and AXA.
The cash will be used to enhance its product offering and continue expansion across Germany and the UK. Medloop is also developing an evidence-based medical rule engine embedded on the Electronic Medical Record (EMR) of patients.
Medloop offers patients what it calls “intuitive” self-service features in an app that enables them to navigate their own healthcare including online appointment bookings, electronic medical results, prescription refills, as well as chatting in-app with healthcare providers.
Founded in 2018 by Berlin-based entrepreneur Shishir Singhee, some medical practices in Germany use the Medloop doctor system to run their entire practice, using it to give an overview of their patient population.
Singhee, said: “Healthcare today has become increasingly impersonalized as ever-growing patient registers have made it challenging for doctors to treat patients in a bespoke way. Medloop strives to bridge this critical gap, by employing technology to empower patients and help doctors deliver proactive and holistic care.“
Stephane Guinet, CEO of Kamet Ventures, said: “It is no secret how overstretched doctors are in terms of the time and care they can offer each patient. Medloop’s offering is a novel solution to this challenge and we are very excited to be part of Medloop’s growth story given how critical its offering is to the UK market and beyond.”
Medloop achieved compatibility with EMIS last summer, enabling its entry into the UK market.
In Germany, its main competitors are the incumbents that were built in the early 90s such as Medatix and Medistar. In the UK it is up against patient management tools such as QMasters.