Catapult et al. invest in Monica Healthcare

The investment will be used to develop the company's new range of products.

Previous investment
PUK Ventures invested £750,000 as part of a £1.1m funding round for Monica Healthcare in April 2009, alongside Catapult, University of Nottingham and private investors. Catapult first supported the business in 2005 with a £250,000 seed investment.

Monica Healthcare has now received a total of £4.5m since 2005, with Catapult investing £1.4m from its East Midlands Regional Venture Capital Fund.

Company
Monica span out from the University of Nottingham in 2005. The company develops miniature, wireless technology that can monitor the well-being of a mother and her unborn baby for extended periods of time. The fetal monitoring devices read both the fetal and maternal heart rate, uterine activity and maternal activity to improve care provisions for high risk pregnancies and, ultimately, to address still births and premature births.

Monica's wearable unit has obtained CE regulatory approval and FDA clearance. It is sold throughout the US, Russia, Brazil and Europe.

People
Robb Carroll is managing director of Catapult.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• Healthcare
• UK / Ireland
• Catapult Venture Managers
• United Kingdom