Magazines
Newsletter
Advertise
Search
The Business Magazine - B2B Business News - Site Logo
The Business Magazine - B2B Business News - Site Logo
The Business Magazine July 2024
Read now
PICK YOUR EDITION

Innovative healthcare and wearable tech shine at Dorset Business Angels event

The Business Magazine article image for: Innovative healthcare and wearable tech shine at Dorset Business Angels event
7 February 2025

Dorset Business Angels (DBA) kicked off 2025 with its first pitch event of the year earlier this week at the Carlton Hotel in Bournemouth.

The group also debuted its new ‘meet the founder’ format, whereby investors were given the opportunity to engage informally with entrepreneurs and see product demonstrations before formal pitches began.

DBA will be bringing back the format for future events after the positive response.

The evening continued with an annual presentation from Rob Jones, head of Rathbones’ Bournemouth office, who provided a comprehensive market review and shared insights into the economic outlook for 2025.

It was then up to five innovative startups to present their ventures to local investors.

“We’re seeing strong momentum continuing from last year,” said Peter Eales, managing director of DBA.

“The quality of pitches and level of investor engagement, combined with Rob’s always-insightful market analysis, demonstrates the vibrant entrepreneurial ecosystem we’re nurturing in the region.”

Among the five presenting companies, two standout pitches particularly captured investors’ attention.

One was a sports tech brand whose wearable device has already gained significant market traction.

The business has secured multiple patents, CES and Red Dot awards, and is aiming to raise £250,000 at a £6 million valuation.

Its founders demonstrated impressive direct-to-consumer margins of 65 per cent and established partnerships with major retailers – altogether receiving six expressions of interest from attending angels.

Also popular on the evening was a healthcare tech startup which is developing a platform to connect patients, medical professionals and service providers.

Having helped reduce processing times by 94 per cent on its pilot programmes with the NHS, the business sought a £400,000 investment at a £2.2 million valuation – a prospect which interested three angels in attendance.

Two other pitches, while presenting interesting propositions, did not secure investor interest at this stage, while a fifth venture showed promising potential but was considered too early in its development for angel investment.

Don McQueen, chair of DBA, added: “The variety and quality of pitches continue to improve.

“What’s particularly encouraging is seeing companies that have not only innovative ideas, but also demonstrated market validation and clear paths to scalability.”

The event was sponsored by TC Group, Ellis Jones Solicitors, Investec Wealth & Investment and The FSE Group.

DBA’s next pitch event is scheduled for 19 May.


Share 

Born and raised in Berkshire, Dan fell into journalism after completing his bachelor’s degree in English at UCL.

Writing for The Business Magazine and local Biz News sites has given him the opportunity to chat with all manner of small business owners and share their success stories with a wider audience.

Outside of work, Dan enjoys live music, board games and quiz shows, and is making a slow but persistent effort to learn Spanish.

Latest deal ticket

All deals

Events

All events

Related news


Group Titles

Dorset BIZ NewsHampshire BIZ News
crossmenu