British Business Bank backs medtech fund with £21m commitment - UKTN
Summary
The British Business Bank has committed £21.26 million to EQT Life Sciences Health Economics 3 Fund. The fund will back scaling medtech, diagnostics, and digital health companies across Europe. The investment aims to increase capital flow into the UK life sciences sector and support commercial-stage health technologies that improve care and reduce costs. The announcement also highlights an ongoing relationship between the British Business Bank and EQT Life Sciences through prior co-investments.
Funding
Amount
$27.1M
Total raised
Date
July 17, 2026
Announcement date
Investors
EQT Partners
Lead investors
Company
eqtgroup.com
Funded company
Classifications
industries
HealthTech
applications
No applications detected
AskAI Classifications
Labels
medical software
diagnostic software
health technology
Linked Companies
Cyted Health
$10M to $25M