Rem3dy Health raises £1.4M marking confidence in midlands
A Midlands-founded healthtech scaleup has landed £1.4 million in new funding from two leading venture capital firms. Securing cheques from both the Borski Fund and Future Planet Capital Regional, Rem3dy Health’s latest funding has reaffirmed growing investor confidence in the region’s innovation ecosystem, whilst also highlighting the impact and importance of cross-border investment relations.
The announcement was made at a live event at the UK’s largest regional tech festival, Birmingham Tech Week, as part of their Scale-Up Summit. During a panel hosted by The Lifted Project – a Rose Review and Treasury aligned initiative to unlock investment for high-growth, women-led businesses – global and regional investors, including both Borski Fund and Future Planet Capital Regional, came together to share insights on how founders in the region can successfully raise and scale.
During the discussion, Founder and CEO Melissa Snover confirmed that the Amsterdam-based Borski Fund, which specialises in backing high-growth, women-led ventures, has invested £900,000 in Rem3dy Health, alongside a further £500,000 investment from Future Planet Capital Regional just a few weeks prior.
Melissa Snover, who has raised over £20 million to date, commented: “This latest round marks a huge milestone not just for Rem3dy Health, but for the Midlands innovation scene. Both Borski and Future Planet Capital share our belief that world-class innovation doesn’t have to start – or stay – in London. This investment proves that regional founders can raise global capital and scale globally from right here in Birmingham.”
Together, the £1.4 million injection from both Borski Fund and Future Planet Capital Regional will accelerate global expansion and R&D for the company’s personalised nutrition brand Nourished, which uses patented 3D printing technology to deliver personalised, preventative health solutions on demand.
Jen Roberts-Woods, Investment Associate at Borski Fund added: “The Borski Fund is proud to back Rem3dy Health, an innovative UK company with worldwide ambitions. Our collaboration with Future Planet Capital highlights the power of international investor partnerships to drive innovation and support exceptional founders. From our first meeting, Melissa’s vision and drive towards realising Rem3dy Health’s global potential was unmissable. The Borski Fund looks forward to working closely with Rem3dy Health as it continues to scale and shape the future of personalised health innovations.”
The joint investment underscores a growing shift in the venture landscape for the West Midlands, which has seen announcements in recent weeks such the launch of the Inclusive Innovation Catalyst, a £30m venture studio. However, despite this, the funding gap remains wide, reinforcing the importance of initiatives like The Lifted Project, and investment pots like the West Midlands Co-Investment Fund.
Rupert Lyle from Future Planet Capital Regional, which manages the West Midlands Co-Investment Fund, added: “Through the West Midlands Co-Investment Fund, we’re proving that the region can be a launchpad for world-class innovation. Rem3dy Health’s growth story is an outstanding example of what happens when regional founders are backed by both local and global capital: the outcomes are both commercially and socially transformative.”
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