Ufonia

Ufonia uses artificial intelligence to develop automated clinical-grade conversations, capable of replacing routine medical appointments.

Funding stage: Seed

The investment teams managing the Fund have made investments in some revolutionary early-stage knowledge intensive companies, which are already changing the way we shop, live and work. Here’s a key example.

What is it?

Ufonia uses artificial intelligence (AI) to develop automated clinical-grade conversations, capable of replacing routine medical appointments, and integrating into health systems. This aims to increase patient engagement and free up more time for medical staff to focus on patients that need the most attention.

Ufonia calls a patient’s phone at a pre-agreed time, for an automated and adaptive voice to take them through a series of AI-led health questions, flagging issues to healthcare professionals. It can automatically contact thousands of patients simultaneously, significantly increasing the efficiency of care.

Why we like it

The use of conversational AI is set to grow rapidly in the coming years and the automation market in clinical environments is a multi-billion-pound industry. Clinical trials have shown automated calling achieved high patient acceptability and the platform can be easily integrated with existing health systems, workflows and medical records. It is already achieving significant traction within the NHS – impressive for a company at this stage – and there is a clear opportunity for it to grow nationally and to expand into international markets, with interest from the US already.

What our fund managers say

“Nick, the CEO, is an experienced neurosurgeon, and knows first-hand how clinical automation unlocks capacity across patient pathways. His credibility and the fact that the product is already thriving in market, gave us a huge amount of confidence. This team could unlock clinical automation on a global scale.”

– Kamran Adle – Principle, Octopus Ventures

Key risks

Investing in the Fund which invests in these types of companies is high risk. Don’t invest unless you’re prepared to lose all the money you invest. 

Shares in EIS-qualifying companies could fall or rise in value more than other shares listed on the main market of the London Stock Exchange.

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