Bond Digital Health raises £700k to develop digital tools for Covid-19 testing.
The interim funding was provided by Wealth Club and the Development Bank of Wales to scale up staff.
Share allotment filed at Companies House
Cardiff-based Bond Digital Health builds digital connectivity platforms for rapid diagnostic testing.
Bond Digital Health has secured £700k in interim funding from the Development Bank of Wales and Wealth Club to accelerate the digital component of its Covid-19 diagnostic test. Wealth Club members contributed £400k, while the Development Bank of Wales provided £300k.
The capital will enable the Cardiff-based company to recruit additional technical and administrative staff as it fast-tracks its technology in response to the pandemic. The business plans to follow this interim raise with a Series A round later in the year.
From the founder
"In the fight against Covid-19, we need affordable, accurate, rapid tests in huge volumes."
Ian Bond
CEO at Bond Digital Health
Investor perspective
"Bond is a great example of the many Welsh technology businesses that are supporting the fight against Covid-19. Our investment is testament to our belief in their ability to scale up and make a real difference at this difficult time and to their longer-term growth in the global diagnostics market. We wish them every success."
Rafael Joseph
Assistant Investment Executive, Development Bank of Wales
Use of funds
- 01Grow the team
Investors
Categories
About the company
Bond Digital Health
Bond Digital Health provides data connectivity for rapid diagnostic tests.