Scan.com Raises $220M Series C, Zanda Client on the Rise

Huge congratulations to Scan.com who announced their $220 million in equity and debt financing last month! The UK's largest medical imaging network raised a $90 million Series C round led by Noteus Partners, with participation from Aviva Investors, Concord Health Partners, YZR Capital, Oxford Capital and others, plus debt facilities from VerisFi Capital and Atempo Growth. The round ranks among the top 1% of all early-stage VC deals in UK health by size, based on 847 comparable rounds. 

The $100 billion US medical imaging market is a sector that remains slow and fragmented, with 85% of scans still booked by fax or phone. Scan.com is the first to bring search, scheduling, and results delivery for imaging into a single national API, connecting healthcare partners directly to imaging capacity nationwide. 

Scan.com has doubled revenue over the past year to a $165 million annualized run rate and has now served more than 900,000 patients. After the company secured $12 million in Series A financing in 2023, their growth accelerated and they expanded into the US, while continuing to scale rapidly in the UK. Zanda was brought in to support Carl Fawkes, CFO, with the international growth, through finding key hires that would stregthen the finance function across both markets. 

This significant raise will fuel that expansion further, growing the network of imaging providers across the US and scaling the infrastructure that routes patients, schedules scans, and returns diagnostic results, so more patients nationwide can get faster, more affordable access to care. 

"As Scan.com has scaled rapidly across the US and UK, we’ve had to build a finance function capable of supporting a much larger and more complex business. Building the right team has been a key part of that, and Zanda has helped us bring in high-quality finance talent along the way. This financing is an important milestone for the business and gives us a strong platform for the next stage of growth." said Carl, CFO of Scan.com. 

Zanda is proud to have supported Scan.com through this stage of growth, and we wish them all the best for the exciting growth ahead. Congratulations to Carl and the wider Scan.com team on this milestone. 

Learn more about scan.com and their fundraise here Scan.com raises $220M to build the largest US medical imaging network