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15-05-2017 - - 0 comments
Footfalls & Heartbeats announce GBP1.25m strategic funding round

Footfalls & Heartbeats today announce a strategic investment round of £1.25m with The Enterprise Investment Scheme (EIS) tax relief. New product innovation is a key area of focus for Footfalls & Heartbeats, whose wearable technology is providing personalised, preventative healthcare, and solutions to aid the wellbeing of individuals.

 

 

The investment will enable Footfalls & Heartbeats to secure commercial contracts for existing development projects, and focus on its position as a market leader in wearable technology.  It will allow Footfalls & Heartbeats to grow the technical and business development team in order to satisfy the expectations of its multinational partners.

 

David Whelan, Chairman of Footfalls & Heartbeats, commented, “This latest funding round is a strong validation of Footfalls & Heartbeats’ growth potential. Our aim is to work with investors who really buy into our values and what we are trying to achieve.”

 

The new investment round, which is now open to angel investors and high net worth individuals, will also allow the company to appoint a Chief Executive Officer who will be responsible for leading Footfalls & Heartbeats’ strategy and driving scientific excellence.

 

David says, “We look forward to working closely with all of our investors to continue to deliver on our vision – using science to support people in realising their full potential.”

 

Footfalls & Heartbeats has a pre-money valuation of £5.2 million. Existing clients include healthcare organisations, major sports brands, and automobile parts suppliers.

 

 

 

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