Bond Digital Health raises £1.2m from Wealth Club and the Development Bank of Wales to fund business growth
The funding was secured from Wealth Club and the Development Bank of Wales to support product development and global expansion.
Bond Digital Health provides a digital data capture and management platform tailored for lateral flow diagnostic tests. Headquartered in Cardiff, the firm develops software to record and analyse test results in real time.
Bond Digital Health has secured £1.2m in a seed follow on funding round to support business expansion. The capital was provided by Wealth Club and the Development Bank of Wales. The proceeds will be directed towards product development and international growth. This latest investment caps a productive year for the company, which previously raised £700k from the same backers and received government grants.
From the founder
"Our purpose has always been to help people be better with data. This funding is a fantastic recognition of our hard work and shows a strong belief and confidence in our forward mission as a business."
Dave Taylor
Chief Operations Officer at Bond Digital Health
Investor perspective
"Bond is a great example of a young and dynamic company that’s using technology to solve a real problem. The fact this technology is being applied to a rapid Covid test demonstrates the potentially huge impact of what it’s aiming to achieve. The crisis has really propelled some businesses forward, particularly in sectors such as healthcare and technology, and it’s no surprise these sorts of companies have been snapped up by investors."
Alex Davies
CEO and Founder, Wealth Club
Use of funds
- 01Continue product development
- 02Expand into international markets
- 03Scale operations
Investors
Categories
About the company
Bond Digital Health
Bond Digital Health provides a data capture and management system for lateral flow tests.