Lisbon-based tech firm, UpHill, just secured €7 million in a Series A financing round. Both new and existing investors, including Explorer, a joint Social Impact fund of Redstone and EnjoyVenture, Brighteye Ventures, Maze, Caixa Capital, and Grupo Luz Saúde, participated in the round.
The company aims to enhance its autonomous health system designed for medical professionals. This tech platform organizes care routines for patients and hospitals, streamlining healthcare delivery. UpHill plans on stepping up its game by investing heavily in research and further development. The goal is to optimize health record management while ensuring data privacy.
In enhancing their autonomous health system, UpHill seeks to revolutionize healthcare, bringing efficient, personalized care to each patient. They want to allow medical professionals to focus on delivering superior care to patients while reducing their workload. With their technology, hospitals can improve service delivery, making healthcare accessible and comprehensive for everyone.
Despite the pandemic, UpHill extended its operations to collaborate with more hospitals in Spain and Portugal. Their technology now reaches approximately a quarter of Portugal’s population!
The recent Series A funding is expected to significantly push UpHill’s global growth. The company aims to bridge healthcare accessibility gaps and act as an autopilot for medical workers, potentially saving a day’s work every month for each of them.
Since 2015, UpHill has integrated patient’s clinical needs into their tech system, which includes patient telecommunications monitoring, alerts, patient stratification, handling medical records, and distributing tasks to health practitioners.
UpHill’s approach to managing medical records goes beyond data collection; the firm also analyzes the data to extract insights which can improve patient care. The company also ensures smooth communication between healthcare providers and patients, as they believe responsiveness to patient concerns is crucial.
In addition, UpHill optimizes the workload of health practitioners by systematically assigning tasks based on the severity of the patient’s condition and practitioner’s expertise. They are committed to improving healthcare delivery through technology, focusing on patient-centered care and proactive disease management.
Redstone’s Investment Director, Lucas Paul, and MSM impact fund’s Managing Partner, António Miguel, praised UpHill’s ambition and drive. They believe that UpHill’s offerings are crucial for hospital systems to maximize resource utilization, especially during a pandemic. Miguel also commended UpHill’s approach and leaders for pushing for lasting change in the industry and acknowledged their impressive impact on the sector thus far.
