Forth secures investment from the Development Bank of Wales to develop its technology platform
The health tech start up has secured institutional backing to expand its operations in Chepstow.
Forth provides biochemistry tracking and health insights with a focus on female hormonal health.
Forth has secured investment from the Development Bank of Wales alongside a group of angel investors. The funding marks the company's first institutional backing as it relocates its base from Bristol to Chepstow.
The health tech enterprise operates Forth Life for general wellbeing and Forth Edge for athletes. The proceeds from the round will be directed towards developing its technology platform and acquiring new customers.
Early backer and Creo Medical chief executive Craig Gulliford participated in the syndicate alongside angel investors from Angels Invest Wales and the South West. The injection follows the company's initial crowdfunding campaign on Crowdcube in 2017.
From the founder
"We are delighted to secure Development Bank of Wales as an investor. This investment will be used to develop our technology platform and recruit more customers to our service."
Sarah Bolt
CEO and Co-founder at Forth
Investor perspective
"I have an affinity for technology-based companies that have an innovative and disruptive proposition backed by great people. Forth ticks this box and the management team crucially also have the energy, passion, determination to succeed at all costs"
Craig Gulliford
CEO, Craig Gulliford
Use of funds
- 01Continue product development
- 02Accelerate go-to-market
