Medtech firm SilverCloud Health, a spin-out from a collaborative project between Trinity College Dublin, National Digital Research Centre and Mater University Hospital, has received €1.5m ($1.95m) to support the company’s continued international growth and development.
The Ulster Bank Diageo Venture Fund led the round, and was joined by Dublin Business Innovation Centre’s AIB Seed Capital Fund and Enterprise Ireland.
As part of the deal, Leo Hamill of Investec Ventures, which manages the Ulster Bank fund, will join the Dublin-based firm’s board of directors.
SilverCloud has developed a cloud-based platform which enables healthcare professoionals to deliver evidence-based programmes and support for mental health and long-term illness patients. Initial user trials have shown a threefold increase in patient engagement.
