The UK healthtech startup industry has grown by leaps and bounds in the last few years, with innovative ideas like the artificial pancreas and beacons that detect diabetes-related complications leading the charge.
The next four years will bring more developments in this burgeoning space, but which companies are bound to make headlines?
To answer this question, we’ve compiled our list of 20 best UK healthtech startups to watch out for in 2023.
1. Smart Pill App
One of the best UK healthtech startups, Smart Pill App aims to make medication adherence easier for patients.
The app allows patients to track their pill-taking habits and set reminders to help them stay on track. Plus, it provides educational resources about the importance of taking medications as prescribed.
The team behind Smart Pill App believes that better medication adherence can lead to improved patient outcomes.
In a recent study, the app significantly increased medication adherence rates among patients with chronic conditions.
The app is accessible on the App Store and Google Play and has been downloaded over 100,000 times since its launch in 2017.
2. Cloud Health
Cloud Health is a London-based startup that uses data and machine learning to help patients with chronic conditions manage their health.
The company was founded in 2016 by CEO and data scientist Sameer Jain, inspired by his experience managing type 1 diabetes.
Cloud Health has raised £4 million in seed funding from investors including Passion Capital and Seedcamp. They will use the funds to launch the first version of their product later this year.
The company employs 12 people, primarily engineers, and clinicians, but they are looking to hire more people in operations as they scale up over the next few years.
We need a big team because we have an ambitious mission, says co-founder and COO Kristina Karamoyaneva. We want to make it easier for millions of people like me.
3. Blumarine
Blumarine is a digital health startup that uses data and AI to help people manage their chronic conditions. The company was founded in 2016 by Dr. Sara Imarisio and her husband, Andrea Rinaldi.
Blumarine has raised £3 million in seed funding from investors, including Octopus Ventures, Seedcamp, and Accelerate24.
The company is based in London. Digital health is one of the most promising sectors in the UK right now, and Blumarine is leading the charge with its innovative use of data and AI.
If you’re looking for the best UK healthtech startups to keep an eye on, add Blumarine to your list!
4. Personetics
Personetics is the best UK healthtech startups that use artificial intelligence to help patients manage their chronic conditions. The company was founded in 2014 by Dr. Yishai Knobel and Dr. Assaf Dahan.
It has raised $32 million in funding from investors such as Bessemer Venture Partners, Salesforce Ventures, and Khosla Ventures.
Personetics’ platform helps patients track their symptoms, medication, and treatment progress and provides personalized recommendations for managing their condition.
The company is recognized as one of the best UK healthtech startups by several publications, including TechCrunch and The Telegraph.
5. Zaius Healthcare
Zaius Healthcare is a digital health startup that provides a platform for patients to manage their care. The company was founded in 2016 by Daniel Lewin and James Somauroo, based in London, England.
Zaius has raised $1.2 million in seed funding from investors like Seedcamp and LocalGlobe.
The company’s platform allows patients to book appointments, track their health data, and message their care team.
Zaius is one of the leading healthtech startups in the UK, and it is one of the 20 best UK healthtech startups to watch out for in 2022.
6. MyLifeSciences
MyLifeSciences is the best UK healthtech startups that help patients and clinicians connect. The company was founded in 2016 by Dr. Sarabi and her husband, Amir, both medical doctors.
MyLifeSciences has raised $3 million in seed funding from backers, including seed investment firms LocalGlobe and Notion Capital.
The company’s app, which is available on iOS and Android, allows users to book appointments, track their medical records, and message their care team.
MyLifeSciences is headquartered in London and has a team of 10 employees. In 2020, the company was named one of the 10 European Startups to Watch by Forbes magazine.
7. Hark – The innovative fork
Hark is an innovative fork that tracks your eating habits and gives you real-time feedback on your progress. The division connects to an app on your smartphone that provides detailed information about your eating habits.
The app also allows you to set goals and track your progress over time. Hark is one of the best UK healthtech startups to watch out for in 2022 because it has the potential to help people change their eating habits for the better.
The company has won several awards, including the Best Newcomer award at the 2017 Wearable Technology Show.
8. iBreathe easy
iBreathe easy is a wearable technology company that has developed a product to help people with asthma. The product is a small, discreet device that attaches to the user’s clothing and monitors their breathing.
The device then sends data to a smartphone app, which you can use to track the user’s asthma symptoms and provide them with real-time feedback. The device’s creators hope it will offer some respite from an often debilitating condition.
9. Spectral Edge
Spectral Edge is a leading provider of AI-powered image processing technology. The company was founded in 2014 by four computer science graduates from the University of Cambridge.
Spectral Edge’s mission is to make it easier for people to access and interpret information from images.
Businesses and organizations worldwide use the company’s technology, including the NHS, Airbus, and Sony. In 2020, Spectral Edge was named one of the best UK healthtech startups by Wired magazine.
The company has also been recognized by Forbes, The Sunday Times, and The Times as one of Britain’s most innovative businesses.
10. CMR Surgical
CMR Surgical is one of the best UK healthtech startups to watch out for in 2022. The company has developed a surgical robot, Versius, to make minimally invasive surgery more accessible.
In clinical trials, the robot is effective and safe, and it has the potential to revolutionize surgery. CMR Surgical is well-funded and has a strong team, making it a startup to watch out for in the coming year.
11. Health
Health is a digital pharmacy and medication management app. It allows patients to order their prescriptions online and track their spending.
The app also provides doctors with an easy way to manage patients’ medications. They have partnered with the NHS and have been used by over 10,000 NHS patients.
12. Datactics
Datactics is a data management company that offers software products to help organizations clean, enrich and govern their data.
The company was founded in 2012 by brothers Paul and David Lynam, who saw an opportunity to help businesses make better use of their data.
Datactics has grown into a team of 30+ employees, with offices in Belfast and London. The company has been named one of the 50 Best Tech Startups in the UK by Wired magazine, and its products have been used by major organizations such as the NHS, AXA, and HSBC.
13. PetaGene
PetaGene is a digital health company that has developed a platform to manage and analyze genomic data.
The company was founded in 2014 by CEO Richard Davies, who has a background in software engineering, and CTO Nick Goldman, who has a Ph.D. in computational biology.
PetaGene’s team of developers and scientists is based in London and Cambridge, UK. The company has raised $4 million in seed funding from investors, including Innoven Capital, Amadeus Capital Partners, and Cambridge Enterprise.
PetaGene’s platform is used by leading research institutes and pharmaceutical companies worldwide, including the Wellcome Sanger Institute, Pfizer, and AstraZeneca.
14. Endomag
Endomag is a leading magnetic resonance imaging (MRI) technology company that has developed a unique platform to improve the accuracy of cancer diagnosis and treatment.
The company’s technology uses magnetic nanoparticles injected into the body and then imaged using MRI.
Endomag’s technology has been used in over 1,000 patients worldwide and has been shown to improve the accuracy of cancer diagnosis by up to 50%.
Patients who have had their prostate glands scanned with this technique have been found to live five years longer than those who haven’t.
15. Cedar Medical
Cedar Medical is a healthtech startup that uses 3D imaging to improve cancer treatment. The company was founded in 2010 by Dr. Christian Broad, the current CEO. Cedar has raised over £4 million in funding, and over 50 hospitals across the UK use its technology.
In 2017, Cedar was named one of the Top 50 Innovative Companies by The Sunday Times. They were also selected as finalists in the Best Place to Work category at The Digital Health Awards.
One interesting fact about this tech-driven company is that they don’t have any sales or marketing team members, which makes them all about producing innovative tech for healthcare instead of pushing it on others.
16. Acacia Pharma
Acacia Pharma is a pharmaceutical company that develops and manufactures products to treat cancer and other diseases. The company was founded in 2006 by Dr. Richard Murray and Dr. Simon Yap.
Acacia Pharma has a portfolio of products in development, including an antibody-drug conjugate (ADC), a small molecule inhibitor, and a monoclonal antibody (mAb).
The company’s lead product, ADX-1001, is an ADC currently in Phase I clinical trials to treat solid tumors. Acacia Pharma is headquartered in Cambridge, United Kingdom.
17. Wakelet
Wakelet is a social media platform that allows users to curate and share content from around the web. The startup was founded in 2014 by Jamil Bhatti and Ali Mostafavi.
In 2017, the company raised $4 million in seed funding from investors, including Health Enterprise Partners, Go North Ventures, and Techstars.
Healthcare professionals have since used Wakelet to share medical research, patient stories, and educational content.
The platform is also popular with health enthusiasts who follow fitness programs, meal plans, and other health-related content.
18. Elucid mHealth
Elucid mHealth is a digital health startup shaking up the industry with its innovative products and services. Their mobile app, ElucidCare, helps patients manage their health and connect with care providers.
Plus, their web platform provides access to medical records, appointments, and more. In addition to their great products, they have an impressive team of doctors, engineers, and entrepreneurs who are passionate about making a difference in healthcare.
19. Owlstone Medical
Owlstone Medical is a Cambridge-based diagnostics company developing a breathalyzer to detect multiple diseases.
The company was founded in 2004 by Billy Boyle and has raised $47 million in funding. Owlstone’s technology has the potential to revolutionize the way we diagnose and treat disease.
In 2016, Owlstone was named one of the 20 most innovative companies in the world by Fast Company. The company has also been included on CNBC’s 100 Startups to Bet Your Career On and The Sunday Times Tech Track 100.
If you’re looking for a cutting-edge best UK healthtech startups to keep an eye on, Owlstone Medical should be on your radar.
20. Psyomics
Psionics is a digital mental health startup that uses AI to help people manage their mental health. The company was founded in 2016 by Dr. Nicky Lidbetter and Alex Depledge, and it has raised £1.5 million in seed funding.
Psionics is one of the best UK healthtech startups to watch out for in 2022 because it uses cutting-edge technology to address a growing need.
The company has already helped thousands of people manage their mental health, and it will only continue to grow.
Conclusion
These are the 20 best UK healthtech startups you should keep an eye on. They are all working on innovative and exciting projects that have the potential to make a real difference in people’s lives.
So, if you’re looking for somewhere to invest your money or time, these are the companies you should consider.
Healthtech is an industry with huge potential, and these startups are leading the way in making it a reality. So, what are you waiting for? Get involved and help change the world!
