PCI 7 November 2023, 15:44
Temax_Krautz
Owen Mumford 12 January 2022, 17:40

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Leva Clinic fundraises £3m for UK’s first digital chronic pain platform

Funding will be used to broaden partnerships with the NHS and improve patient experience.

Leva has announced that it has secured £3m ($3.5m) of funding from Óskare Capital and 2420 Partners. A significant investment will be used to scale the delivery of digital solutions for chronic pain patients. Crucially, it will also accelerate innovation in medical cannabis therapeutics.

A quarter of adults in the UK are living with a pain condition that has lasted over three months. Chronic pain has often been dubbed a ‘silent epidemic’, while pain costs the UK economy significantly more than cancer and heart disease, and almost as much as diabetes and obesity costs.

Currently, a lack of personalised treatment options, and difficulties in accessing clinical support, currently prevent millions of adults from addressing pain without taking opioids – the risks of which have been well-publicised.

Leva Clinic remains the UK’s first online facility for patients living with chronic pain. Regulated by the Care Quality Commission, the clinic delivers a range of digital services to help patients manage their conditions. These include physiotherapist support, pain management techniques, doctor-led medication reviews, and prescription provision.

Justin Hartfield, who founded the global cannabis technology platform ‘Weedmaps’ in 2008, made his investment via his private investment office 2420 Partners.

He commented: “Our investment in Leva is perfectly aligned with our goal to support emerging businesses in the pain management space globally. Leva is on the path to being a market leader in delivering innovative pain management solutions by industry-leading pain experts in the UK. We are excited to partner with the company in its next chapter of growth.”

Leva is a founding member of Project Twenty21 – the largest observational medical cannabis study in the UK.