Scottish medtech Current Health raises £31m to create 100 jobs

Scottish medical technology company Current Health is set to more than double its headcount after successfully closing a second round of funding to raise $43 million (£31m) to further ramp up sales of its platform for remote delivery of healthcare in the home.

Half of the 100 new jobs to be created by the end of this year will be based at the company’s headquarters in Edinburgh, with most of the remainder in its main market in the United States. Some of the new money is also earmarked for development of a third generation of its monitoring device, which is worn on the arm and collects data on a variety of vital signs.

The money has been raised from several US-based healthcare and pharmaceutical venture capital firms, as well as one of the country’s leading hospital systems. Existing investors Par Equity, the Edinburgh angel syndicate that provided Current Health with its first cash injection of £2.5m in 2016, has also followed on its initial investment.

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