Covilhã, Portugal-based UpHill, a care orchestration platform, announced that it has secured €7M in a Series A round of funding led by Explorer Investments, Redstone (and EnjoyVenture), Brighteye Ventures and MSM fund (Mustard Seed Maze).
Other investors, including Caixa Capital, SCR, S.A., and Luz Saúde, participated in the round.
The company will use the funds to solidify its presence in the Iberian market and plan expansion in new locations, such as the UK and Spain. Additionally, it plans to double its team headcount by the end of the year.
UpHill: Democratising access to healthcare
Eduardo Freire Rodrigues and Duarte Sequeira founded UpHill in 2015 with a mission to empower people to provide and receive the best care with care orchestration software.
The Portuguese company is developing clinical pathways and decision support systems that automate care and follow best practices.
Consequently, the company is working with healthcare providers and life sciences companies throughout Europe to reduce waste related to care variability and fragmentation, while increasing patient outcomes and revenue.
Currently, UpHill claims to serve the largest hospitals in Iberia – like ULS Sta Maria, Luz Saúde, ULS Coimbra, Institut Guttmann, and more.
“Uphill’s collaboration with frontline teams has led to the design, implementation, and delivery of novel care journeys for the most challenging conditions,” says Rodrigues.
As per the company’s claims, each physician saves a day per month for chronic care. In surgical care, health teams doubled their capacity to manage post-surgical patients. For every €1 spent on Uphill, hospitals receive €5 back.
Moreover, Uphill says it has managed to reduce ER admissions by 65 per cent in selected cases.
“We’ve come to understand that issues impacting healthcare institutions, such as growing demand and insufficient capacity, are often tied to lacking alternatives that enable individuals to avoid using these services for all and every reason,” says Eduardo Freire Rodrigues.
As a result, the company launched Liber, a next-generation care model.
According to the company, Liber addresses acute health issues quickly by enabling immediate interaction with doctors and enrolling members in disease prevention and health promotion programs.
“From here across the globe, those in need have to wait years for surgeries, many months for appointments, and too many hours for acute care. This is unbearable. This is why UpHill exists, and this is why we are just getting started: our platform is the care orchestration software for the decades to come,” concludes Rodrigues.
Read the orginal article: https://siliconcanals.com/news/startups/portuguese-uphill-raises-7m/
