£500,000 raised

Investors tune in to doctor’s online training company

Eoghan-Colgan-and-Graham-McDonald

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.

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