US-based wearable health tracker device company Current Health has completed a £9m ($11.5m) series A round that included financial services firm Legal & General.
The round was led by venture capital firm MMC Ventures and also featured VC firm Par Equity and Scottish Investment Bank, an investment subsidiary of government-owned economic development board Scottish Enterprise.
Founded in Scotland in 2015 as Snap40, Current Health has created a wearable armband that uses machine learning to monitor a patient’s vital signs and other medical indicators in real time.
Par Equity had led a $2.4m seed round for the company in 2016 before ADV led an $8m second seed round in July 2018 that included MMC Ventures. The series A funds will support recruitment and the opening of a new head office in New York.
Chris Knight, chief executive of Legal and General’s retail retirement division, said: “Current Health is helping change the fundamentals of healthcare by expanding the accessibility and affordability of care through its patient management platform.”