# Hexarad Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hexarad-group

- Industry: Healthcare IT
- Headquarters: Harrow, UK
- Website: www.hexarad.com
- Total disclosed funding: $20M
- Latest round: Series B (Aug 15, 2024)
- Investors on record: 2

## About

Based in London, UK, and founded in 2016, Hexarad Group Limited operates as a provider of health technology radiology platform, which combines radiology workflow management with a reporting service to provide a package solution for radiology departments. In August 2024, Hexarad Group Ltd raised GBP 11.1 million in series B funding led by new investor MTIP, with participation from returning investor Foresight Group. Other unspecified investors also participated in the round.

The company provides a radiology platform that enables healthcare providers to optimize their radiology resources, as well as connect them to a network of radiologists to get their scans reported. The platform also comprises Optirad, a workflow management software tool that streamlines radiology departments and reduces scan reporting delays. In addition, the services offered by the platform include routine overflow, urgent out-of-hours reporting, sub-specialty reporting, radiology workflow management, and audit.

The company plans to use the August 2024 funding to continue its international growth.

## Funding rounds

- Series B, Aug 15, 2024, $14M — Foresight Group, MTIP
- Series A, Aug 19, 2022, $2.6M — Foresight Group
- Series A, Apr 23, 2021, $3.2M — Foresight Group

## Investors

- Foresight Group (https://capitalatlas.ai/funds/foresight-group) — Series A, Series B
- MTIP (https://capitalatlas.ai/funds/mtip) — Series B