Occuity, a Thames Valley-based medical technology start-up, has smashed its £1.8m investment target just 24 hours after its launch on leading crowdfunding platform, Seedrs. With the round still open, the company now plan to ‘overfund’ to allow them to accelerate the development of their innovative optical devices.
CEO and Co-founder Dr. Dan Daly said: “We’re delighted with the level of interest we have received during this finance round and are thrilled that we are now overfunding. To date we have now raised over £2m which will allow us to accelerate the development of our new optical screening and monitoring devices that aim to detect the early signs of chronic health conditions by scanning the human eye.”
Dr Dan Daly added: “Diabetes is a very personal issue and of course, once you have it, it’s likely with you for the rest of your life. As our long-term products will be personal use meters for people with diabetes, we wanted to give our community of 8,000 people with diabetes the opportunity to become full shareholders in our business and to join us on this journey to try to improve their lives.”
Occuity intend to use the capital from this round to continue to build their team. Having already grown from a team of 10 in December 2020 to over 35 now, the company intends to continue to recruit the brightest minds in their fields bringing jobs to Reading and the Thames Valley. The company anticipates employing 100 staff by 2023.”
The roll-out plan for Occuity’s new medical devices includes:
Design Director, Daniele De Iuliis, said: “The work we are doing at Occuity is hugely exciting, presenting the opportunity to deliver a step-change over the next decade in optometry practice and the way chronic diseases like diabetes and Alzheimer’s are detected and managed.
“Thanks to Occuity’s ingenuity, it is becoming possible to detect and manage debilitating health conditions through a quick, non-contact eye scan.”
“It’s important to all of us that the devices we’re developing will be kinder, more intuitive and more convenient than existing technologies, and they will be accessible to all.”
https://www.businessinnovationmag.co.uk/reading-medtech-occuity-aims-for-2m-in-crowdfunding-for-alzheimers-and-diabetes-monitoring-device/
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