Healthcare platform lands £250,000 in funding

A Solihull-based business which has created an integrated digital workflow platform used to track and manage patient information for cardiology and heart centres has secured £250,000 in funding.

CareCube will recruit five additional staff and focus on further development of their product and services with the loan from the Midlands Engine Investment Fund.

CareCube’s platform is used in hospitals across the UK including the Liverpool Heart and Chest Hospital. The installation of the new system to the NHS database is executed gradually to back up existing patient information to the system, with procedures in place to test the system before its final switch.

Tim Coutts, co-founder and CEO of CareCube Solutions, 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.

Chris Bailey, investment manager at The FSE Group, said: “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.”

The FSE Group, MEIF Debt Finance Fund provides loans between £100,000 and £1.5mto help growing SMEs across the Midlands region.