Snap40 secures $8m for US growth

Published: 30 July 2018

The health technology company headquartered in Edinburgh has raised millions of dollars in funding to grow headcount and expand its US offering.

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.

Full Story via The Scotsman


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