202129 Jan

Invatech Health completes £2.2 million funding for pharmacy software Titan

Summary

The latest round of funding takes the total amount the Bristol-based firm received under a competitive programme to support SME innovations to £2.2 million. Tariq Muhammad, chief executive of Invatech Health, said the latest funding will support the development of new features for the company’s leading platform. “With this additional support from Innovate UK we plan to develop a wide range of new game-changing apps, delivered as extensions on the Titan platform,” he said. The solution became the first pharmacy Patient Medication Record (PMR) to get accredited by NHS in one and a half decade, and since the feat in late 2019, it has cornered two per cent market share, processing over 1.5 million prescriptions per month. The technology has also become the platform of choice for some of the largest UK online pharmacies which have leveraged its highly scalable cloud infrastructure to process mass volumes and, in some cases, over 60,000 prescriptions per day.

Source: Pharmacy

Funding

$1.24M
Amount
Jan 29 2021
Date
-
Investor
Invatech Health
Company

Classifications

Companies