Oxford Innovation makes second investment in Cognitant Group

By Sam Pither

14 March 2023

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The Oxford Innovation EIS Growth Fund has made its second investment into digital health information platform Cognitant Group.

The follow-on investment builds on Oxford Innovation’s first investment into the platform in 2021 and has been made alongside OION angel investors.

Cognitant Group’s Healthinote provides personalised health information and digital services via a smartphone, allowing patients to find information on their condition while assisting clinicians in making successful treatment decisions.

By improving patient engagement, the platform also provides a boost to the pharmaceutical industry, which currently sees very limited return on engagement for high costs, with frequent misinformation and poor access to reliable health information leading to avoidable harm and increased costs.

Dr Tim Ringrose, CEO of Cognitant said: “We are focused on making it easier for patients to understand their symptoms and management of their individual condition. This not only has a positive impact on their overall health, but it also allows them to successfully make decisions about their individual treatment plans in collaboration with their clinicians. Our partnerships with global pharmaceutical companies, the NHS and other healthcare providers, is making real and valuable changes to the way patients engage with and manage their health.”

Richard Cooper, Managing Director at Oxford Innovation Finance, commented: “Cognitant is transforming health information both in the UK and globally. Its production and distribution of immersive and interactive digital health information and services can have a positive impact on patient behaviour and treatment outcomes.

“Following our investment in the first funding round back in 2021, we have seen the company exceed their first-year growth expectations with several influential partnerships. Oxford Innovation Finance provides support to early-stage companies throughout their growth journey. As part of Cognitant’s latest funding round we have increased our investment to further develop its information platform and support new international clients.”

By Sam Pither

Sam is the Regional Editor of Biz News, responsible for both Hampshire and Dorset.

A new recruit to journalism, Sam started writing for the Business Magazine as a freelancer in May of 2022 after completing his degree in English at University College London. His passion for local businesses and ability to tell a story soon caught the attention of the publication’s management team and have led to his meteoric rise.

Sam, who lives in central Reading, takes a particular interest in technology, gaming and food and drink, having been a chef before starting his degree.