The financing will support manufacturing expansion and commercial launch preparation ahead of clinical trials.
"For decades, continuous monitoring has been held back by the same legacy technology. This is about to change. We’re thrilled to be partnering with Ascensia, a global powerhouse in the space, to deliver, as a first step, something radically better to millions of people with diabetes,"
The Warrington-based enterprise will use the capital to expand advisory services and commercialise grid innovation products.
"We set out from day one to create a purpose-driven enterprise that made the clean energy transition fair, inclusive and accessible to all. It’s our firm view that no community should be left behind as we strive for a net-zero future."
The oversubscription was led by Gabriel Investment Syndicate with backing from several angel groups and regional agencies.
"We are thrilled to be supported by such a strong group of investors with varied and complementary experience. Women’s health rarely gets the investment it needs or deserves; it was refreshing to see the investors understand the gap and opportunity. Oversubscribing on our first round across just 4 weeks of pitching is a testament to the plan we have in place. We are excited to get back to business and scale GLORIAH!"
The capital will support the company as it scales its digital platform following rapid growth.
"We have been seeing substantial and accelerating demand for Rivr in the market. This investment lets us capitalise on that demand and continue to scale the business. Steven and FundMyPitch were a great partner in streamlining the fundraising process. They brought us engaged investors who understood the opportunity immediately and kept things moving through to close, which meant I could stay focused on building the business and driving growth rather than managing a round. That support is worth as much as the capital."
The capital will support product development and clinical deployment for the rheumatic disease platform.
"Steven was a great help from start to finish, explained the process clearly, supported through the onboarding process and managed to secure us investment with an excellent angel investor. Highly recommend this platform and Steven!"