Signum Health, a Caerphilly-based HealthTech startup, raised £400k in equity funding.
The round, which has brought the total amount raised in total to date to £600k, was led by the Development Bank of Wales.
The company intends to use the funds to scale their innovative digital health business across multiple sectors.
Launched in 2016 by CEO Victoria Norman, a Primary Care and Public Health expert, Signum Health uses artificial intelligence and cloud-based technology to deliver remote health care and support within local communities. The company’s Social Prescribing Platform enables GPs and other healthcare professionals to refer patients to non-clinical services across the public, private and third sector. In addition, the diagnostic platform helps GPs with remote assessment, triage and diagnosis of a wide range of symptoms, including Teledermatology. This service has allowed hundreds of patients with skin conditions to be assessed and diagnosed by Consultant Dermatologists within two days of receiving the referral from a GP.
Signum Health has also appointed the former CEO of Imperial College NHS Trust and founder of the first Academic Health Science Centre in the UK, Professor Stephen Smith FMedSci, as its Chairman. Professor Smith has served on numerous committees for organisations such as the United Kingdom’s Medical Research Council, the World Health Organization, the National Institutes of Health (USA), the National Health Service (NHS), the British Heart Foundation and the Wellcome Trust.