Bond Digital Receives £1 million for Expansion

Bond Digital Health aims to continue their growth trajectory following a financial input of £1 million.

The Medtech business based in Wales is “united in a mission to create scientific-grade technology that makes lateral flow even better with data” according to their website.

The financing came from those who already owned shares in the company. This included £350 thousand through issuing new shares to the Development Bank of Wales and the rest from people in Wealth Club (the UK’s leading investment service). Ideally, Bond Digital Health hopes to receive an additional half a million in funding by the end of this month.

This cash injection will be used for their global expansion, with new roles in customer success, sales, product development, and marketing

Ian Smith, Chief Executive Officer of Bond Digital, expressed that “This has been another important year of growth and development for Bond Digital Health. Now that we have several international customers signed up to our platform, we need to make sure we successfully service their needs 24/7. This funding will help us do that by ensuring we have the right people in the right roles. I’d like to put on record my thanks to the Development Bank of Wales and Wealth Club for helping us get to this point.”

Mark Bowman at Development Bank of Wales, expressed that “[Bond Digital’s] technology has the potential to revolutionise the management of lateral flow test result data.”

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