Hexarad Raises Additional £2.2M in Series A Funding

Hexarad, a London, UK-based radiology technology startup, completed its Series A funding round with an additional raise of £2.2 million.

This was in addition to £2.3m Hexarad raised in 2021, bringing the full raise to £4.5m. The round was led by Foresight Group, who also invested in 2021, with additional participation from angel investors including healthcare leaders Sachin Agrawal based in the US and Henry Carleton based in the UK.

The company intends to use the funds to continue to grow its radiology platform and support more NHS and private healthcare customers, adding deeper capability and specialisation to its reporter network and further improving the technology which is core to its customer and radiologist experience

Founded in 2016 by a group of NHS consultant radiologists and led by Dr Farzana Rahman, CEO, Hexarad is an early stage, high growth healthcare technology company, providing technology-driven solutions to boost radiology capacity and address the key causes of diagnostic delays. A key element of the platform is their workflow management software tool, Optirad, which streamlines radiology departments and reduces scan reporting delays. Optirad works by analysing and then deploying a radiology department’s workforce in the most efficient way. It can work across multiple different sites, assigning specialist reporting to the most appropriate radiologist. It also has rota management, intelligent allocations, business intelligence and intelligent supply and demand forecasting features.

Hexarad Raises Additional £2.2M in Series A Funding. Congratulations to the entire team. I wish you great success in this endeavour.

Shishir Gupta, Founder and CEO, StartupLanes

Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.

If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

You can subscribe to our news posts by entering your email in the box on the right side of this page.

Check out our YouTube channel for insightful content from the Indian startup ecosystem.

Or join our Whatsapp group to interact with other founders: Yes, I want to join the Whatsapp group.

The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.

Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business. For any rectifications, reach out to ashu@startuplanes.com