An equity investment of £150,000 has been netted by healthcare technology business Med ePad.
The North West Fund for Digital & Creative has backed Med ePad alongside a personal investment from new management.
The Liverpool-based start-up, which has developed an interactive touchscreen mobile internet device for healthcare service providers, has already secured £50,000 from The North West Fund for Biomedical.
AXM Venture Capital, which manages The North West Fund for Biomedical, has led the round and will now co-manage the investment alongside Spark Impact, which led the £50,000 initial round.
Med ePad as developed a 7-inch tablet loaded with applications created in conjunction with NHS healthcare professionals. Its functions include the ability to record medication regimes and daily living patterns, send appointment reminders and conduct online consultations in the language of the patient’s choice.
As part of the deal, AXM has installed a new chairman at the business. Tom Nawojczyk is joining new chief executive John Hopkins as chairman to work with Med ePad’s founder rob Connell.
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Nawojczyk and Hopkins previously led patient-centric healthcare systems vendor in4tek, which the duo sold to Civica in 2009.
AXM Venture Capital is a fund manager for digital, media, and creative industries investments with offices in Manchester, Liverpool and London. In addition to The North West Fund for Digital & Creative, it also manages two London-based digital and creative funds.