Current Health raises £9m in a Series A funding round led by MMC Ventures to scale its patient management platform.
The Series A round was led by MMC Ventures with participation from Legal & General, Par Equity, and the Scottish Investment Bank.
Current Health operates an enterprise remote care management platform that monitors and manages patient health in the home. The system integrates data from various monitoring devices to help health systems and pharmaceutical companies deliver care outside clinical settings.
Current Health has secured £9m in a Series A funding round led by MMC Ventures, with participation from Legal & General, Par Equity, and the Scottish Investment Bank. The company will direct the capital toward scaling its patient management platform to prevent illness globally.
Founded in Scotland, the business provides an end-to-end platform that combines wearable sensors and machine learning algorithms to track patient health trends in real time. Its technology is currently utilised by major healthcare organisations across the United Kingdom and the United States.
The fresh capital supports the firm as it opens a New York City headquarters and expands its workforce across sales, clinical operations, and marketing functions.
From the founder
"We’ve spent the last three years quietly and carefully building and testing our platform directly with healthcare providers"
Christopher McCann
CEO at Current Health
Investor perspective
"Healthcare is undergoing a paradigm shift from reactive, in-hospital treatment, to proactive, community-based care"
Bruce Macfarlane
founding partner, MMC Ventures
Use of funds
- 01Expand into international markets
- 02Grow the team
- 03Invest in sales and marketing
- 04Scale operations
Investors
Bruce Macfarlane
MMC Ventures
Chris Knight
Legal & General
Robert Higginson
Par Equity
Kerry Sharp
Scottish Investment Bank
Categories
About the company
Current Health
Enterprise remote care management platform for home-based patient monitoring.