Advisors with plenty to shout about after sealing £4.3m deal
A team of East Midlands deals professionals has advised a deal which has seen MediShout, the app for frontline hospital staff to resolve facilities and equipment issues, has secured £4.3m.
The app – founded by London-based NHS surgeon Ash Kalraiya – connects staff, equipment suppliers and service maintenance teams, enabling frontline staff to report and resolve operational issues.
The app is currently used by hospitals and multiple equipment suppliers.
The new round of funding will provide working capital to support recruitment, marketing and product development in order to reach more NHS trusts across the UK.
MediShout founder Ash Kalraiya said: “As doctors and product designers, our team understands how technology and AI can help frontline hospital staff be more effective.
“We will use this investment to grow our team, improve our technology and reach new customers across medicine and other sectors as we look to transfer the technology to new industries.”
Shakespeare Martineau supported MediShout with the transaction – negotiating the investment documentation suite with multiple investors. The Shakespeare Martineau team included partner Roger Harcourt and solicitors Sam Naunton and John Maple.
Harcourt, partner at Shakespeare Martineau, led the deal. He said: “We’ve been supporting Ash and his team from the very beginning, and we are absolutely thrilled to see how far they have come and the major efficiency gains their technology can make for the NHS.
“MediShout’s business model is a proven success, saving the NHS money by cutting delays and inefficiencies. This new funding round is yet another major milestone for MediShout and we look forward to seeing the business grow from strength to strength.”
