Welsh HealthTech startup Signum Health has scored £400,000 in an equity round led by the Development Bank of Wales.
The Caerphilly-based startup, which has now raised £600,000 in total, also obtained funding from undisclosed private investors.
Signum Health has also appointed the former CEO of Imperial College NHS Trust and founder of the first Academic Health Science Centre in the UK, Professor Stephen Smith FMedSci, as its chairman.
Signum Health’s CEO Victoria Norman commented on the news: “This latest round of investment will help us to take Signum Health to the next stage of its development. We are already helping GPs surgeries around the UK and we can’t wait to see Signum Health used in every surgery in the country.
“Having someone with the experience of Professor Smith coming on board as our Chairman is further validation that Signum Health is innovating in this field and is a much-needed service for the NHS. We are thrilled to welcome him as part of the Signum Health team,” added Norman.
Launched in 2016, Signum Health leverages artificial intelligence and cloud-based tech to deliver remote healthcare and support within local communities.
Dr Philip Barnes, technology ventures investment executive of Development Bank Wales, went on to note: “Signum Health has a highly talented management team with exciting plans for scaling their innovative digital health business across multiple sectors. We’re pleased to continue backing this high-growth company in their second equity funding round.”
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