Uni of Manchester health tech spin out secures £1.8m to provide care
January 30, 2025
CareLoop, a digital therapeutic platform and University of Manchester spinout that focuses on tackling severe mental illness, has closed a £1.8m funding round from the GMC Life Sciences Fund By Praetura, NPIF II – Praetura Equity Finance (which is managed by Praetura Ventures as part of the Northern Powerhouse Investment Fund), Verge and SFC Capital.
Launched in 2021, CareLoop integrates with existing treatment pathways, providing patients with digital support while enabling clinicians to remotely monitor and track patients’ symptoms, along with personalised algorithmic escalation prediction to prevent episodes.
Links to news articles below:
- Digital Health
- Maddyness
- The Business Desk North West
- North West Business Insider
- Insider (weekly wrap-up)
- UK Tech Investment News
- Prolific North
- About Manchester
- Pro Manchester
- Business Cloud
- Lancashire Times
- Cumbria Times
- Yorkshire Times
- North East Post
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