SBRI Healthcare backs Cambridge medical device developer with a Phase II award.
"We are privileged to have the support of the SBRI Healthcare programme and are committed to working with our world-leading collaborators to deliver on our ambitions to improve the care of cancer patients."
The syndicate included Mark Bamforth, Tern Plc, SIS Ventures, and Scottish Enterprise.
"2022 promises to be a big year for Talking Medicines with this new investment. Having scaled up our operations and formally launched our PatientMetrx® technology platform, we’ve now got our sights set on expanding in the US pharma market, providing brand teams and agencies with a new way of understanding what patients are really saying and feeling about their medicines. The pharmaceutical industry will go through seismic change this year and our actionable patient insights will be transformational for the industry. Our new office in New Jersey provides the ideal base for us to build relationships with customers, acquire new leads and drive revenue growth."
West Hill Capital backed the Series A round to support product development and market expansion.
"To see the technological empowerment we’re providing to Care Services across the country, is the reason we’re so happy to be working alongside West Hill Capital. To provide this solution to every Care Service desperately in need of staff through this crisis is a true honour, and one we look forward to tackling."
The seed round was co-led by Insurtech Gateway and AV8 Ventures to support the launch of new insurance products for chronic conditions.
"Insurtech Gateway and AV8 Ventures are the ideal partners for Bluezone Insurance; their deep industry expertise, insurance network and track record of de-risking early-stage insurtech businesses from regulatory approvals and insurance capacity clearly differentiates them from other seed stage funds. Collaborating with them will accelerate our process of launching a product into the market and achieving the milestones required for the next investment round. During our fundraising journey, they provided us with ample support, progressed quickly and made introductions to impactful angels and excellent co-investors."
The investment was led by AV8 Ventures with participation from several European funds to advance workplace safety technology.
"Today marks an important milestone for Soter Analytics and our mission to empower organisations to make their workplace safer. Our bespoke technology provides an end-to-end safety solution through AI and machine learning, and this fundraise shows that our investors and partners have recognised the strength of our product. This fresh capital will allow us to invest in research and development and work alongside organisations to help them improve workplace safety, decrease employee turnover, and enable injured workers return to work faster"