The Bristol health and safety technology firm secured backing from angel investor networks to fund team expansion and product development.
"the device monitors heart rate, prompts users to take a break and alerts them to numerous hazards such as dangerously loud noises or close machine proximity i.e., if there’s a forklift behind you."
The funding will support the development of a second-generation safety device and team growth.
"We saw an opportunity to keep staff safe at the start of the pandemic and will continue to do this as we move out of it. Workplace health and safety is having a huge cultural shift at present. The world is becoming proactive to safety procedures rather than upholding the reactive norm and businesses want to be prepared for the dangers that are on the horizon. SpaceBands protects staff and keeps businesses’ doors open at a price point that is currently unrivalled in the market. We will be opening our round publicly on CrowdCube in Q1 2022 and releasing our second generation product. We are very excited about what the future holds for our company."
Blackfinch Ventures led the Series A round to support product development and company growth.
"Every company has its own unique set of safety challenges. Interventions such as training and processes only go so far to improve safety. We’re helping companies uncover and understand the underlying influences of unsafe actions and provide the resources to help them change those behaviours."
The Series D round was led by Segulah Medical Acceleration, Angelus Venture Fund I, Alan Howard, and Pioneer Healthcare Partners to support commercial expansion.
"We believe that Signifier Medical Technologies has created the most disruptive, non-invasive treatment for OSA that the market has seen in the past 20 years."
The Belfast-based wearable technology company secured the backing of QUBIS and Techstart Ventures.
"AntennaWare’s patented technology can greatly increase the range and reliability of wearable wireless devices they are integrated into. The wearable devices can transmit further, with less dropouts and using less power, which helps facilitate applications thought previously impossible for medical monitoring, sports and fitness, wireless audio and wireless proximity detection."