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Skin Analytics raised £15M in Series B funding. The company, led by Intrepid Partners, plans to use the funds for hiring, launching products, and expanding internationally.

Apr 16, 20258 months ago

Amount Raised

£15 Million

Round Type

series b

LondonMedicalArtificial IntelligenceBiotechnologyHealth Care

Investors

Intrepid Partners

Description

Skin Analytics, a London, UK-based medtech company, raised £15m in Series B funding. The round was led by Intrepid Partners. The company intends to use the funds to hire new people, launch dermatology products, as well as expand internationally to new markets including Europe and Australia, and prepare for US market launch. Led by Neil Daly, founder and CEO, the company is advancing a Class IIa UKCA marked and Class III CE marked AI as a Medical Device that assesses dermoscopic images of skin lesions for skin cancer.

Company Information

Company

Skin Analytics

Location

London, England, United Kingdom

About

Skin Analytics is a medtech company focused on advancing artificial intelligence for the assessment of skin lesions. It has developed DERM, an AI as a Medical Device that helps in detecting skin cancer through dermoscopic image analysis. The company aims to improve patient care and efficiency within the NHS by prioritizing patients at risk of skin cancer. With recent funding, Skin Analytics plans to expand its product offerings and reach international markets.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech