The Bristol health tech startup has raised capital to support product launch and research.
"We are delighted to be partnering with the British Design Fund. With their support we will further advance our mission to revolutionise dementia care by providing carers with much-needed tools for managing distressed behaviours which are one of the most challenging aspects of dementia care. The investment will enable us to accelerate the deployment of SmartSocks™ into care settings, ultimately reducing distress and improving the lives of people with dementia and other conditions that affect communication, whilst also easing pressure on their carers."
The Dundee-based startup has raised £150k from the British Design Fund to accelerate product development and enter new markets.
"When I saw the statistic I was shocked and the more I looked into it the more I saw the potential for solar heating to solve the problem. But there were many design challenges to overcome, if we were to make a solution that was both accessible and affordable. We knew that any technology we produced had to not only work successfully in different climates but also be very easy to transport and fit."
The Nottinghamshire startup raised the capital from Kero Development Partners and the British Design Fund to take its in-wheel suspension prototype to market.
"It’s fantastic to have British Design Fund, Kero and our other investors on board. This funding will allow us to push forward with the next step in our growth plans and in taking our prototype to market."
The pre-seed round was backed by the British Design Fund and Techstars to support product development and new service launches.
"As a team, we were sceptical as to why others hadn’t already thought of such a simple solution to the boxes’ outdated design – something that had not changed in over two decades. Coupled with this, we found their production involves carbon-heavy manufacturing and the use of virgin PP plastics, large raw material supply chains, and synthetic dyes."
The London startup raised the funds from British Design Fund and other backers to move from prototype to production.
"The idea for Phare came from my own personal experience with smoke detectors. Our alarm kept going off, so naturally, being an engineer, I took it apart to take a closer look. I realised the technology was really simple and after reading up on the effectiveness of current alarms, I knew there had to be a better solution. With our engineering backgrounds, myself and Arnau felt well suited to take on the challenge!"
