Reading-based Occuity raises £1m
Investors in this round: Angel Investment Network
Reading-based healthcare tech start-up Occuity has raised more than £1 million from Angel Investment Network.
It took five moments to complete the fundraise and Occuity will use the money for product development, regulatory approval and further research and development.
Occuity develops products which screen for major chronic health conditions such as diabetes and Alzheimer’s Disease. Their non-invasive optical device detects markers that the body deposits in the eye.
Founder and chief executive Dr Dan Daly said: “Occuity’s mission is to revolutionise disease detection by making it non-contacting and pain free.
“There is nothing else like our product on the market and it is the result of many years of R&D from some of the world’s best medical minds. This fundraise enables us to continue to build the team and to develop products.
“We are initially focusing on optometry and diabetes but believe we can transform how many of the world’s most prevalent, chronic diseases are detected and managed.”