Healthtech firm aims for European growth with £1.25m investment
Summary
It also plans to use the funding to grow its presence in the city, expanding the manufacturing of its SiSU Health Stations, and is working with the Department for Business and Trade to find a larger home.SiSU Health aims to help people detect risk factors, such as high blood pressure and obesity, so they can make lifestyle changes. Investment has also come from NPIF II Praetura Equity Finance, managed by Praetura as part of the Northern Powerhouse Investment Fund II.This is the fourth deal on which the funds have co-invested in the past year.The company has created the SiSU Health Station, where people can do a self-service digital health check in five minutes that can offer personalised health insights and calculate the risk of chronic conditions such as heart disease and diabetes.Users can then access a companion platform to help them understand their results and find treatment. This funding allows us to scale our digital platform, extend our reach into new communities, and strengthen our collaborations and integrations across employer, public health and primary care. They are critically providing connected collaboration between the corporate world and public health systems, encouraging self-care and health awareness for individuals with supported follow-up and interventions, which has significant benefits for the NHS and public health.This latest co-investment between the GMC Life Sciences Fund By Praetura and NPIF II also shows the power of two well-established regional funders working together to help propel great companies in the region.Dr Kath Mackay, chief scientific officer for Bruntwood SciTech, said: The GMC Life Sciences Fund By Praetura was set up to grow the regions life sciences footprint to new levels of widespread recognition and give support to innovative businesses like SiSU Health who are tackling challenges like public health and the need to reach underrepresented demographics. Its clear that the UK needs new solutions for healthcare issues and now, with the help of NPIF II funding, another great Northern business has secured the financial support it needs to help make this possible.Praetura was advised by Manchester-based DWF Law, with Irwin Mitchell supporting SiSU Health.