Hexarad Secures €13 Million for Teleradiology Expansion

London-based health tech firm Hexarad has secured €13 million in a growth round led by European healthtech investor MTIP, with reinvestment from existing backers including Foresight Group. Founded in 2016 by NHS consultant radiologists, Hexarad is rapidly emerging as a key player in the UK health tech scene.

• Impressive Growth: Hexarad boasts annual revenue growth exceeding 120%, driven by its innovative teleradiology platform which addresses diagnostic delays and boosts radiology capacity across the UK, Ireland, and Saudi Arabia.

• Innovative Technology: The platform includes a comprehensive suite of tools—RIS, Hexarad Edge, Hub, and Portal—that speeds up scan processing by 90% compared to manual methods.

• Expanding Network: With over 200 radiologists on board, Hexarad delivers top-notch turnaround times and high customer satisfaction.

• Future Outlook: Farzana Rahman, Co-founder and CEO , underscores the company's commitment to patient-first solutions and international growth.

This funding will help Hexarad continue its advancement in teleradiology and further solidify its position in the health tech industry.