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Birmingham Post
Birmingham Post
Technology
Tamlyn Jones

CareCube secures £250,000 MEIF capital for job creation

A tech firm which has created a platform aimed at monitoring NHS patients has secured new funding worth £250,000.

Solihull-based CareCube will use the new capital to hire five more staff and support development of its product and services.

The company's product has been designed to track and manage patient information for cardiology and heart centres by simplifying the scheduling process.

The digital, touch-screen interface aims to save staff time and supports the NHS in reducing waiting lists and is used in hospitals across the UK.

Tim Coutts, co-founder and chief executive of the business which also has a base in Wilmslow, said: "We are providing a system designed by cardiologists, for cardiologists.

"Our digital platform ensures patients, nurses and consultants have real-time information to keep all parties informed of the status of a patient while they are on-site, providing an unrivalled patient experience.

"This funding will enable us to continue developing our technology and invest in marketing which will support our business."

The £250,000 capital was provided via a loan from the Midlands Engine Investment Fund, provided by The FSE Group Debt Finance Fund.

Chris Bailey, investment manager at The FSE Group, added: "Digital solutions for labour intensive tasks are a priority in the medtech sector.

"The market for this product, both in the UK and overseas, is in demand owing to the size of waiting lists.

"CareCube's solution is impressive due to its ease of use and integration, supported by an experienced management team with relevant medical and medtech experts.

"The FSE Group is excited to see the business grow and support the NHS as it recovers from the strain of the pandemic."

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