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Technology

Medic Bleep

Status: Active

Mar 9th 2021 - Apr 22nd 2021

10 days left

Medic Bleep is a secure and real-time communication solution that aims to help medical teams communicate and collaborate effectively, reduce costs, and improve patient outcomes. It argues that poor inter-team communication has led to an estimated 400,000 episodes of potential harm a year, in the National Health Service (NHS) alone. Medic Bleep aspires to change this. It points out that its services have saved an average of £2.5 million worth of potential harm expenses per NHS Trust. The company asserts that its services are now being used by 5,600+ staff across hospitals every month. Medic Bleep has partnered with the BT Group targeting 20% of NHS trusts by 2025. It has 5,600 monthly active users and has witnessed 18,000 app downloads on multiple platforms. The company will use the investment to develop Version 2 of its product, deliver on its BT contract and NHS X framework to increase sales, and explore other geographies.

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Medic Bleep Rating Review

Rated on 26/03/2021

Pitch Rated

84%

Gold

Management

90%

Product

83%

Investment

79%

Pitch rating powered by CROWDRATING

  • £384,901
    pledged
  • 54%
    of goal

    £700,000
    target

    £7,950,281
    pre-money valuation

    8.09%
    equity available

    543
    investors

    £709
    pledge per investor

    09452339
    company number

    Active
    company status

    21/02/2015
    incorporated 6 years

    £0.37
    share price

    Previous Funding rounds
    09 Mar 21 Crowdcube £384,901 / 55% 84.00%
    23 Mar 20 Crowdcube £814,600 / 163% 83.00%

What the ratings mean

  • 49% and under
    We suggest potential investors carry out further study of their own
    50-64%
    Room for improvement
    65-79%
    Worth considering
    80%+
    Gold rating, our highest rating

RISK WARNING - The ratings are based on the information provided in the fund raiser’s pitch deck, business plans and financial forecasts which have appeared on a FCA regulated crowdfunding site. Where possible we validate the business plan to public sources such as LinkedIn, Companies House, Credit Agencies and internet searches. We cannot guarantee the information is correct. The ratings report takes no account of the investors/ individual circumstances. Do your own due diligence and get professional advice before investing. Your capital is at risk when investing in private companies.

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Management 90%

Skills 91%
Taken from profiles listed publicly and on LinkedIn, Medic Bleep’s management team is an amalgamation of skilled professionals with expertise in management, technology, sales, marketing, operations, and finance. The Founder/CEO is an MBBS who specialises in Business Administration. His reported competencies include working at senior positions in the UK medical sector, winning the ‘Top 5 Asians in UK Health Tech’ award, and writing a publication on clinical communication. The Head of Engineering is reported to be the winner of the ‘Most Commercially Viable’ and ‘Travel Planner’ awards at Winter Hackathon 2012. He also appears to have publications based on software development to his credit. The Clinical Lead is a Doctor of Medicine (MD) who claims to specialise in healthcare IT, clinical data management, public health, infectious diseases, and internal medicine. The Director of Sales claims to bring an aptitude for new business sales, marketing, product management and strategic partnerships to the company. His industry knowledge includes solution selling, unified communications, cloud computing, interpersonal and negotiation skills. The Director of Customer Success appears to be a specialist in healthcare informatics and is proficient in health management, enterprise resource planning, and stakeholder management. The COO is a serial entrepreneur who claims to have helped a debt recovery services company to exit for $180 million. As per LinkedIn, given his industry knowledge of finance and P&L management, he is likely to be handling the company finances.

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Funding progress



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  • £384,901
    pledged
  • 54%
    of goal

    £700,000
    target

    £7,950,281
    pre-money valuation

    8.09%
    equity available

    543
    investors

    £709
    pledge per investor

    09452339
    company number

    Active
    company status

    21/02/2015
    incorporated 6 years

    £0.37
    share price

    Previous Funding rounds
    09 Mar 21 Crowdcube £384,901 / 55% 84.00%
    23 Mar 20 Crowdcube £814,600 / 163% 83.00%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

  • The Guardian
  • Financial Times
  • Yahoo! Finance
  • The Times
  • The Daily Telegraph