Traditional healthcare models cannot keep up with the demand for increasingly specialised treatment, and yet highly trained general clinicians are not empowered to work at their full potential. Apparently, patients often struggle to find providers with the specific expertise they require, but 32Co is making it easier for clinicians to share expertise, helping to enhance the care that patients receive.
Funding from London VC
Now, the London-based collaborative healthtech startup has secured $3 million in seed funding, led by Balderton Capital (that backed TreasurySpring and Uncommon), with participation from Wavemaker 360 Health and strategic angels, such as Nicolas Cary, co-founder of Blockchain.com.
32Co will use the funds to advance its innovative approach to access specialist healthcare. Also, it will be used to fuel the development of its comprehensive clinical collaboration platform with artificial intelligence and prepare to build on new clinical use cases.
It will support 32Co’s vision of becoming the leading health tech platform to scale access to specialist treatments.
Dr Sonia Szamocki, founder and CEO of 32Co, said: “By connecting clinicians with different but complementary skill sets using technology, not only do more patients get access to the treatment they need, but clinicians feel less isolated and more fulfilled in their work. We see applications for this model in several healthcare specialities with a market size of over $500bn. We’re delighted to have the belief of Balderton and their experience and support will be integral as we scale 32Co.”
Magda Lukaszewicz, Principal at Balderton, said: “We are proud to have partnered with 32co at the start of their journey. Having a number of health tech companies target patients directly – a lot fewer have managed to bring technology platforms to the hands of healthcare professionals, and collaboration between general practitioners and specialists is unlocking a completely new supply & demand – in an overwhelmed healthcare system”
All-in-one comprehensive healthtech platform
Founded by Dr. Sonia Szamocki, 32Co is growing rapidly and expanding from its London Headquarters.
32Co enables patients to access a range of specialist advice and clinical services through their trusted local provider, without the travel, waiting times and often high fees.
Inspired by the virtual care sector, 32Co’s platform brings the specialist to the patient. By facilitating collaboration between generalist and specialist clinicians, they are offering patients the best of both worlds—high-quality clinical care delivered conveniently through their local provider.
This unique model scales specialist expertise beyond the confines of a single clinic, instantly generating additional supply through a network of generalist colleagues who already have existing patient relationships, creating new revenue streams for both generalist and specialist clinicians, whilst simultaneously increasing patient access to specialised services.
Initial focus on orthodontics
Starting with orthodontics, 32Co is transforming the clear aligner industry. Only about a third of dentists offer clear aligner treatments consistently and only a fraction are able to treat more complex cases. Addressing this, 32Co has assembled a team of highly experienced UK-based specialist orthodontists who collaborate directly with dentists worldwide through the platform.
While initially focused on the clear aligner industry, the company aspires to revolutionise healthcare more broadly, exploring future applications of its innovative model.
“As a specialist orthodontist I love this model, I can work from anywhere through the platform, it’s additional income and I enjoy mentoring colleagues. It’s great to see the progression colleagues make through this mentorship; producing safe and predictable results for our patients” said Dr Farmahan, Specialist Orthodontist.
