Pneumowave Raises £7.5 Million Series A To Accelerate Clinical Validation And Regulatory Submission Of Respiratory Change Diagnosis And Monitoring Platform
Amount Raised
£7.5 Million
Round Type
Series A
Investors
Description
Digital health company PneumoWave today announced the closing of £7.5 m Series A financing which will enable clinical validation and regulatory submission of its biosensor technology platform for remote wireless diagnosing and monitoring potentially fatal respiratory changes in high-risk patient groups. The round comprises £5.2 million equity from new investors Scottish National Investment Bank, alongside £2.3 million from existing investors Scottish Enterprise, IIG, Equity Gap, Alba Equity and London and Scottish Investment Partners. Boston based life science investor Mark Bamforth of Thairm Bio also joined the round as PneumoWave prepares to ramp up its US operations. PneumoWave's technology is being developed as part of an international research program in collaboration with the University of Dundee, University of Glasgow, King's College London, and NRCH and Department of Health in Victoria, Australia.
Quick answer
PneumoWave raised £7.5 Million in a Series A round, dated January 12, 2023. Investors: Nrch, King's College London, University Of Glasgow, University Of Dundee, Thairm Bio, Scottish Investment Partners, London and Mark Bamforth Of Thairm Bio.
- How much did PneumoWave raise?
- PneumoWave raised £7.5 Million in a Series A round on January 12, 2023.
- Who invested in PneumoWave?
- Nrch, King's College London, University Of Glasgow, University Of Dundee, Thairm Bio, Scottish Investment Partners, London and Mark Bamforth Of Thairm Bio are named as investors in this round.
- What does PneumoWave do?
- Medical device company: AI platform for real-time remote respiratory monitoring.
Source: Fundz verified event record.
Who else raised in Financial Services and Health Care around the same time
Companies in the same sectors as PneumoWave that raised within 45 days of this round, from Fundz verified event records.
- Streamex Corp. raised $603K (Seed) on February 8, 2023.
- Streamex Corp. raised $2M (Seed) on February 3, 2023.
- Stride raised $750K (Seed) on February 3, 2023.
- Streamex Corp. raised $234K (Seed) on January 25, 2023.
- Streamex Corp. raised $1.9M (Seed) on January 23, 2023.
- Resilience raised an undisclosed amount on January 10, 2023.
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