Digital health company Spectrum. Life has announced a €17 million investment round. Act Venture Capital led the round with participation from existing investors. The group plans to use the money to hire more than 100 workers over the next 18 months and boost its growth.
“With this fresh investment we can now deliver upon our ambitious plans to be the market leader in digitally delivered healthcare,” company founder Stuart McGoldrick said. “Our goal is to elevate patient satisfaction and outcomes, within a commercially sustainable model that actively contributes to healthcare transformation and, critically, accessibility.”
Since its launch in the UK market in 2020, the company has built a list of insurance, corporate and university clients and over 50 per cent of revenue in 2024 will be in the UK market. The company employs some 260 people, including over 125 clinicians, with 50 per cent based in the UK.