International law firm CMS has advised London-based venture capital firm Smedvig Capital on its role leading the $8.3m Series A investment in Heydoc, along with existing investors Hambro Perks, Triple Point Ventures and InHealth Ventures.
Heydoc is an integrated clinical operating system and electronic health record which offers clinical teams a full suite of features covering both medical and administrative tasks. Heydoc also connects its clinic customers with various other healthcare providers, ensuring data liquidity and tackling a major challenge in healthcare – the lack of systems interoperability.
The investment will be used for Heydoc’s further UK expansion and to expand its product offering to existing and new clients. It will also allow Heydoc to expand internationally beyond its current international footprint and to grow its team. Jon Lerner and Peter Duffy from Smedvig will be supporting Heydoc.
Anthony Waller, CMS Corporate partner, comments: “We are delighted to support long-standing client Smedvig Capital on this strategic investment. Heydoc is transforming the healthcare experience for both practitioners and patients and, with the rapid growth of the UK’s private healthcare market and the increased adoption of tech tools within state funded healthcare, this is an exciting moment for healthtech. We look forward to seeing Heydoc realise its ambitious plans.”
Jon Lerner, Managing Director at Smedvig Capital, comments: “Heydoc has grown rapidly and proven that its platform can dramatically improve the way clinicians work and the quality of patient interaction. The company has a strong mission-based culture and a huge opportunity in front of them to be part of the future of healthcare. We’d like to thank the CMS team for their excellent support throughout this investment process. CMS’s strength and depth of experience in venture capital and technology was first class and helped make the process as seamless as possible.”
The CMS team was led by Anthony Waller and included Toby Lovett and Idin Sabahipour (Corporate); Megan McCulloch and Duncan Turner (TMT); Rachel Zani (Employment); and Christian Gersbach (CMS Switzerland).
