A fast-growing early cancer detection business headquartered in Cambridge is looking to raise almost £500,000 through an equity crowdfunding round.
Check4Cancer describes itself as a private healthcare service that makes it “convenient, comfortable and easy” to diagnose cancers early.
The company was established in 2008 with a single BreastHealth UK clinic in Cambridge and has since grown rapidly. It now has more than 85 clinics, capable of early diagnosis of not just breast cancer, but cancers of the bowel, lung, cervix, prostate and skin.
Check4Cancer has this month listed on equity crowdfunding platform SyndicateRoom to raise £499,936 in return for a 9.26 per cent stake in the business. At the time of going to press, it had already secured 45 per cent of its target with approximately one month until the closing date.
The company said it plans to use the proceeds to drive “top line growth” through brand building and customer acquisition.
More specifically, the funds will be used for continuing ongoing commercialisation in the UK; launching the insurance company service; expanding sales and marketing activities; and exploring the US market.
Check4Cancer currently has revenues of about £1.3m from 70 corporate clients including Hewlett Packard, BBC, Sky, Deloitte, easyJet and Dixons Carphone along with “an increasing number” of private self-pay customers.
The company is based at Copley Hill Business Park on Cambridge Road.
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