Venture syndicate Toloka.vc to invest $615k in British medtech startup Scan.com

Venture syndicate Toloka.vc to invest $615k in British medtech startup Scan.com

Ukrainian venture syndicate Toloka.vc has announced investments of $615,000 in Scan.com, UK’s marketplace for self-pay MRI scans to accelerate its expansion into the US market

Founded in 2017 by Dr. Khalid Latief, Mark Nissim, Charlie Bullock, Oliver Knight, and Joe Daniels, Scan.com is an online platform that helps users compare, view, and book medical scanning services. Scan.com team consists of 45 people and builds the infrastructure to seamlessly connect doctors and patients with medical imaging centers in the UK and US.

“American healthcare system is fraught with insurance roadblocks, poor provider-to-patient communication, and logistical nightmares. This can make getting the medical care you need feel frustrating, exhausting, or impossible; medical imaging is no exception. That’s not the way it should be, and scan.com wants to change it,”

The total investment round is $50 million and is supported by UK’s Aviva Ventures funds, Triple Point, and Oxford Capital, as well as French YZR, which have already agreed to provide $46 million of the $50 million required for the transaction.

New investments will be used for:

  • creating financial synergies to achieve $50 million net ARR in 3 years;
  • strengthening Scan.com with medical assets (scanning equipment) to enable further research and product development;
  • increasing sales and income approximately 3 times — from $7.7 million to $21 million by the end of 2024.

Earlier Toloka.vc invested £510,000 in Gin, a British company for the production of electric bicycles with a Ukrainian co-founder.

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