Menu visibility control

Video

Events

Startup Surgery

Most Recent

News

Iris Capital launches €250m European tech investment fund

News

Startup Weekly: Welsh tech accelerator calls for applications, Virgin StartUp partners with WeWork and more

Tech City Voices

Culture. There’s no app for that, Kalanick

Press Releases

‘Connected finance’ app Curve hits £50m spend ahead of UK launch
“Coffee, networking and productivity”: Workspace disruptor ‘Lounge’ launches in London
Kompli-Global’s Technology Will Make Life Harder for Money Launderers

Belfast-based HealthTech startup BrainWaveBank raises over £1m

hardware + software
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Belfast-based BrainWaveBank has secured over £1m in Seed funding from investors including the Angel CoFund and techstart NI.

Innovate UK and Invest Northern Ireland contributed to the round via their R&D schemes.

Founded in 2015, BrainWaveBank is developing data-centric solutions to help track brain health and fight dementia – believed to cost the UK £26bn a year.

How tech is changing healthcare globally

Ronan Cunningham, co-founder and CEO, spoke about the fundraise: “We founded BrainWaveBank with the goal of transforming the early detection and treatment of devastating cognitive illnesses such as dementia.

“We are very excited to be supported in achieving this vision by such a strong team of leading technology investors and innovation agencies,” he said.

BrainWaveBank’s technology enables users to track their cognitive health on a daily basis, using a wearable device and app.

The startup then uses advanced analytics and machine learning methods to detect the earliest signs of cognitive decline.

The funding will be used to accelerate tech development and bring the product to market.

Tim Mills, investment director at the Angel CoFund, spoke about his decision to invest in the firm.

“We are backing BrainWaveBank because we believe they have a huge opportunity to advance the fight against dementia and better manage the treatment of impact related concussion, and we’re proud to be part of their journey,” said Mills.

The Angel CoFund has to date supported more than 70 companies, including Ebury and Gousto.

Enter your email address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

Paris

Iris Capital launches €250m European tech investment fund
posted 10 hours ago

Startup Weekly: Welsh tech accelerator calls for applications, Virgin StartUp partners with WeWork and more
posted 13 hours ago

Culture. There’s no app for that, Kalanick
posted 15 hours ago

startup life

Uber’s CEO resigns, over £368m in UK tech funding, a new $3.3bn fund and more in The Week in Tech
posted 18 hours ago

inploi-co-founders

EXCLUSIVE: London-based Inploi raises £500,000, brings total to £1m
posted on June 22, 2017

Peter-Smith-Nic-Cary-Feb-2016

UK-founded tech startup Blockchain secures $40m Series B
posted on June 22, 2017