Artificial intelligence-enabled healthcare firm Snap40 has secured $8 million (£6m) in seed financing, calling the investment the “largest seed financing round for a digital healthcare company in the UK”. It brings total investment in the firm to date to $10m (£7.5m).
The financing round, led by investment engine ADV with participation from venture capital firm MMC Ventures, included private investors Gareth Williams – the founder of travel website Skyscanner – Qasar Younis, founder of feedback platform TalkBin, and Gordon Craig, co-founder of healthcare software Craneware.
Snap40 produces wearable devices which monitor the human body in real-time to identify health risks. The company will use the investment boost to accelerate its US expansion, where it has clinical trials and pilots with several hospitals and institutions.