Investment round with Nos 5G and Triple Point Fund guarantees 4.4 million to Portuguese Knok – Tecnologias

The Portuguese company Knok, which developed a platform that allows consultations via video, received an investment of 4.4 million euros. The amount was received through a round that was coordinated by the Nos 5G Fund and Triple Point, with the participation of the Social Innovation Fund and the MSM social and environmental impact fund (Mustard Seed MAZE).

Knok is the second Portuguese startup to receive an investment from the Nos 5G Fund. This fund, created by telecommunications operator Nos and managed by Armilar Venture Partners, has an initial capital of ten million euros and is specifically oriented towards investments linked to solutions where the fifth generation of mobile networks can have an impact. According to the note sent to the newsrooms, this fund “aims to invest in innovative technological solutions, ranging from network infrastructure to products or services for customers, favoring technological projects in the early stages of development.”

Since Knok’s platform integrates tools to support triage and remote monitoring of patients through artificial intelligence, the 5G could play an important role in this area of ​​remote health. In addition to allowing a higher connection speed, 5G will enable a significant reduction in latency. Jorge Graça, CTO of Nos, indicates that “investing in Knok is an important milestone for the NOS 5G Fund, the only one in Portugal set up to support technological startups making the most of the potential of 5G”.

“Health is one of the areas that will benefit most from this technology, allowing the best specialists in any part of the world to connect with patients, and contributing to a democratization of access to healthcare. We are excited to know that by supporting Knok in the development of solutions that create value, convenience and efficiency for patients and physicians, we are contributing to the modernization of the healthcare sector and society”, continues the responsible for Nos.

José Bastos, CEO and co-founder of Knok, indicates that the company “enters a new phase of development after the end of this investment round.” The amount raised in this round will contribute to “accelerating the national and international expansion” of the solution, with José Bastos noting that it will allow to reinforce “the presence in Spain, Brazil and other Latin American countries and reaching India, the United Kingdom and Italy. “

“On our path to being the digital gateway to healthcare, Nos is a key technology partner, and we are thrilled to have your support and 5G know-how that will allow us to take our product to another level, making it more and more differentiated at a global level”, explains the co-founder of Knok.

The startup was created in 2015 by José Bastos and João Magalhães. The platform serves more than two million patients on four continents, allowing video consultations, collection of health data or even making appointments by phone or at home.

Source: Jornal de Negócios by

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