Investors tune in to doctor’s online training company
Right note: Eoghan Colgan and Graham McDonald
A musician-turned-doctor has raised almost £500,000 in equity finance for his online training business from a consortium of private investors.
Continulus, founded two years ago by Glasgow A&E medic Eoghan Colgan, has already attracted users from 89 countries and developed partnerships with a range of medical bodies.
Dr Colgan set up the company after returning from a medical assignment in Africa and then spending some time as a professional musician working under the same management as the late singer Amy Winehouse.
He returned to medicine in Scotland and developed the idea of a quicker and easier way for doctors and trainees to learn and collaborate online.
He teamed up with Graham McDonald, who mentored him on a government scheme to help young companies.
A former member of Bank of Scotland’s leveraged finance team, Mr McDonald left Aberdeen Standard Investments last year and is now chairman of Continulus. He led the fund-raising which will be used to employ staff and develop the product.
Janine Lu-Watson has been appointed chief operating officer and a finance director will join in May from a government agency.