SpaceBands raises £450k in pre-seed funding from angel investors to expand product development and grow its team.
The Bristol health and safety technology firm secured backing from angel investor networks to fund team expansion and product development.
Share allotment filed at Companies House
spacebands provides wearable technology for multi-hazard safety monitoring in high-risk workplaces such as construction and manufacturing sites.
SpaceBands has secured £450k in pre-seed funding from a selection of angel investor networks to expand its operations. The capital will be directed towards team expansion and further product development as the firm scales its health and safety wearable technology. Backing for the round came from members of Henley Business Angels, South Angel Investors Club, and Dorset Business Angels.
From the founder
"the device monitors heart rate, prompts users to take a break and alerts them to numerous hazards such as dangerously loud noises or close machine proximity i.e., if there’s a forklift behind you."
Ronan Finnegan
Co-Founder and CEO at spacebands
Use of funds
- 01Grow the team
- 02Continue product development
Investors
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About the company
spacebands
spacebands builds wearable safety devices that monitor workplace hazards and protect employees.