knok healthcare raises £300k in seed funding
knok healthcare, an ‘Uber-style’ private health care platform currently incubated at UPTEC, enables patients to access ondemand and in person medical support at their convenience. The Company raises £300k seed funding round to improve access to primary care in Portugal and start international expansion.
In a world with rising healthcare costs and increased pressure on doctors and healthcare systems, knok is offering efficiency and affordability, charging 49€ for GP and specialist appointments in Portugal.
knok launched in December 2015, with the aim of providing top quality, personalised and affordable healthcare not only improving the satisfaction of patients but also enhancing health outcomes, whilst helping doctors to earn more money for a better quality of care.
Mustard Seed, a venture capital firm that invests in world-class earlystage businesses that generate compelling financial and societal
returns led the round. The London-based firm believes solving the world’s biggest problems drives commercial success in the long run.
“If we’ve got a compelling investment opportunity in front of us that creates positive societal impact, we want in. We are very proud that Mustard Seed is the first foreign entity to make an impact investment in Portugal”, said Henry Wigan, Mustard Seed’s investment director, who previously worked as a portfolio manager at BlackRock and Goldman Sachs.
CEO José Bastos says, “It’s a great step towards our goal of providing top quality, personalised and affordable healthcare, whilst also providing a source of additional compensation for junior doctors who are often poorly paid by existing service providers.” With a 15% average weekly growth over the last 10 months, knok is now focused on building upon its success with an international expansion strategy that is key to the business’ long term growth.