Aviva has committed a further £150m to its corporate venture capital fund, Aviva Ventures, which will focus on investing in early-stage businesses in emerging technology and customer trends.
Alongside the capital commitment, Aviva is also announcing the new fund’s first investment, an investment in Scan.com, a business helping individuals and organisations book diagnostics scans such as MRI, ultrasounds and x-rays.
Scan.com launched in 2017 and has a network of 150 scanning centres across the UK. Scan.com has helped over 10,000 patients and is now the UK market leader in medical imaging services.
Ben Luckett, chief innovation officer at Aviva, said, “Innovation is central to Aviva’s strategy and our ambition to deliver great outcomes for our customers. The £150m commitment to Aviva Ventures will be used to make early-stage investments in promising young digital and tech firms that also provide us with insight on emerging technology and consumer trends.
“Our investment in Scan.com is a statement of our intent – they are growing rapidly, have a unique customer proposition and are already leading the way on medical imaging services in the UK. We are really excited to support Scan.com’s development and growth.”
Charlie Bullock, co-founder and CEO of Scan.com, added, “We are thrilled to have such strong support from Aviva as we continue to build Scan.com across the UK. The capital will be used to continue to improve access to diagnostic imaging and medical screening exams, through our consumer facing marketplace and application programming interfaces (API). This round would not have been possible without the incredible effort and tenacity shown by our entire team, who have built Scan.com at such a fast pace in what is traditionally a very slow-moving industry.”
Earlier this year, Aviva UK renewed its partnership with Majesco, a provider of cloud insurance platform software for insurance business transformation, to improve underwriting profitability.
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