Health tech firm Snap40 secure £2 million funding

Edinburgh-based firm plans to expand its team, complete clinical trials and secure the regulatory clearance need to open up European markets.

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A tech start-up which developed a wearable monitoring device to help hospitals pick up warning signs of deteriorating health in patients more quickly has secured £2m in funding.

Snap40 plans to expand its engineering and data science team, complete clinical trials and gain regulatory clearance, opening up the EU market.

The Edinburgh-based firm also aims to move into the US market next year.

The funding round was led by Edinburgh-based investment firm Par Equity.

It is thought to be one of the largest seed rounds achieved by a Scotland-based start-up.

The company is led by chief executive and co-founder Christopher McCann, a former medical student at the University of Dundee.

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