Home Education PneumoWave raises £7.5m for remote health sensor

PneumoWave raises £7.5m for remote health sensor

by WOOWinvest
0 comment
PneumoWave raises £7.5m for remote health sensor

Health tech startup PneumoWave has secured a £7.5m Series A investment for its wearable biosensor and to move into a bigger facility.

Glasgow-based PneumoWave is developing a wearable device for “high-risk patient groups”. The wearable monitors the lungs to provide remote diagnostics for carers and medical services.

Dr Bruce Henderson, co-founder and CEO of PneumoWave, said: “Working with leading international centres, we will now be able to accelerate our clinical validation leading to a planned regulatory submission in early 2024.”

PneumoWave said it will use the proceeds of the Series A round to boost its team from 18 to approximately 35 employees, some of which will be based in the US. PneumoWave said US expansion is a key part of its growth plans this year.

“PneumoWave are scaling up their commercial deployment significantly in 2023 and their market-leading proprietary technology and data capture will increase efficiency and reduce data burden for clinicians,” said Fraser Lusty, director of Equity Gap.

The PneumoWave Series A drew support from the Scottish National Investment Bank (£5.2m), Scottish Enterprise, IIG, London & Scottish Investment Partners, Equity Gap, Alba Equity and Mark Bamforth from Thairm Bio.

Its technology is part of a research program between the University of Dundee, University of Glasgow, King’s College London and NRCH and Department of Health in Victoria, Australia.

You may also like

Leave a Comment

Our Mission is to help you make better trading decisions by providing actionable investing content, comprehensive tools, educational resources and assist you in making more money in the stock market.

Latest News


Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

@2022 – All Right Reserved. Designed and Developed by WOOW Invest

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy