MediMusic secures £1.2m seed follow on funding from Finance Yorkshire and other backers to scale operations.
The investment package includes £200k from Finance Yorkshire alongside contributions from the University of Hull and private investors.
MediMusic is a medical technology start-up based in Hull that uses artificial intelligence to generate personalised playlists to help manage pain, anxiety and stress. The company developed MediBeat, a streaming device and application designed for use in hospitals, surgeries and care homes.
Hull-based health technology firm MediMusic has secured £1.2m in a funding round to scale its operations. The investment was backed by Finance Yorkshire alongside the University of Hull, Sauce Consultants and private backers.
The capital follows clinical trials indicating that the company system can reduce heart rates in dementia patients. The funds will support the broader commercialisation of its proprietary streaming device and application, MediBeat.
Finance Yorkshire contributed £200k from its seedcorn fund towards the total package. The regional investor provides flexible capital to growing enterprises across Yorkshire and the Humber.
From the founder
"This investment will take MediMusic to the next level. We passionately believe this will be a real game-changer in how we treat dementia patients and people suffering from pain, anxiety and stress."
Gary Jones
CEO and co-founder at MediMusic
Investor perspective
"MediMusic has developed highly innovative healthcare technology that could transform the way we treat people."
Alex McWhirter
CEO, Finance Yorkshire
Use of funds
- 01Scale operations
