SageTech Medical secures £2.5m to scale sustainable healthcare technology internationally
The funding round was backed by the British Business Bank via The FSE Group to support international expansion and team growth.
Devon-based medical technology enterprise that designs and builds patented apparatus for capturing and recycling waste anaesthetic gases from clinical settings.
Devon-based medical technology firm SageTech Medical has raised £2.5m in fresh capital to accelerate its growth across domestic and international markets. The latest injection of funds includes £1m in equity provided by the British Business Bank through its South West Investment Fund, administered by appointed fund manager The FSE Group.
SageTech has engineered a circular system designed to intercept and recycle volatile anaesthetic agents before they enter the atmosphere, simultaneously improving indoor air quality for medical professionals. The company will direct the new capital toward team expansion, operational reinforcement, and meeting rising demand from both veterinary groups and human healthcare providers across Europe.
From the founder
"We’ve developed a solution that not only helps healthcare providers reduce their environmental impact but, importantly, our innovative technology has the potential to significantly increase the safety of clinical staff by reducing work-based exposure to the vented gas. We’re delighted to be working with The FSE Group and the South West Investment Fund as we continue to scale the business from our Devon headquarters."
Iain Menneer
CEO at SageTech Medical
Investor perspective
"SageTech has developed an innovative solution to a significant environmental challenge in healthcare. The business combines strong technical expertise with growing commercial traction, particularly in the veterinary sector, and is well placed to benefit from increasing demand for more sustainable healthcare practices. We’re pleased to support the company as it enters its next stage of growth."
Meg Salt
Investment Manager, The FSE Group
Use of funds
- 01Grow the team
- 02Scale operations
- 03Expand into international markets
Investors
Categories
About the company
SageTech Medical
Specialist medical technology company capturing and recycling waste anaesthetic gases for clinical and veterinary practices.