We originally reported on Time for Medicine this past March as the crowdfunding campaign on Syndicate Room quickly captured interest from investors.
The University Hospital of Wales spin out that uses web and cloud technology to bring specialist diagnoses and treatments directly to the homes of patients and elsewhere has now reached their equity goal of raising £300,000 (at £315,000 as of this writing) and is open to investment up to £450,000. To date 40 investors have purchased shares in this med-tech company that has a pre-money valuation of over £3.4 million.
Time for Medicine also announced they have just signed a research and development deal with Aneurin Bevan University Health Board to pilot the use of cloud based technology to aid in bring appropriate clinical health care to patients in remote areas.
Syndicate Room is a platform that partners up well known angel investors with crowdfunding opportunities. Time for Medicine has the backing of Nadia Crandall – an entrepreneur and early stage investor who previously co-founded Postscriptum private equity group. She is also the co-chair of Harvard Business School Angels in London. Robert Kay, most recently the CEO of Redkite Financial Markets prior to the sale to NICE, is also a supporter of this project.
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