Seed20 December 2021

Bond Digital Health secures £1m seed follow on funding from existing backers to scale its operations.

The Cardiff medtech firm secured the capital from existing shareholders including the Development Bank of Wales and Wealth Club members.

£1.0MSeed

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 £1m in a seed follow on round to support its ongoing expansion. The capital was provided by existing shareholders, including the Development Bank of Wales and members of the Wealth Club investment service. The proceeds will be directed towards growing the team and supporting international operations.

The Cardiff enterprise has built a digital platform designed for lateral flow diagnostic devices. This latest injection follows previous funding rounds and government grants secured last year to bring its core product to market.

From the founder

"This has been another important year of growth and development for Bond Digital Health. Now that we have several international customers signed up to our platform, we need to make sure we successfully service their needs 24/7. This funding will help us do that by ensuring we have the right people in the right roles. I’d like to put on record my thanks to the Development Bank of Wales and Wealth Club for helping us get to this point."

Ian Smith

CEO at Bond Digital Health

Investor perspective

"Ian and the team at Bond have a bright future ahead as their technology has the potential to revolutionise the management of lateral flow test result data."

Mark Bowman

Senior Investment Executive, Development Bank of Wales