spacebands Secure Backing from Prominent Global Investors

Original Article - Insider Media

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Bristol tech company which earned global attention during Covid pandemic secures £1.6m - backing from prominent investors

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A Bristol-based tech company born out of the Covid-19 pandemic has successfully raised £1.6m, with backing from prominent investors.

spacebands has secured the investment after pivoting its business to focus on workplace safety services—offering an opportunity for investors seeking to capitalise on the booming health and safety technology sector.

Launched by school friends Harry Kimberley-Brown and Ronan Finnegan at the start of the pandemic in 2020, spacebands initially gained recognition by producing more than 20,000 contact tracing devices. These helped businesses comply with social distancing regulations.

The original device was a social distancing and contact tracing wearable device, designed to keep people safe during Covid.

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After gaining extensive press coverage and 1000 plus customers globally including the NHS, MoD, Panasonic, Sony & Amazon, spacebands pivoted to create a multi-feature hazard alert system. This aims to change the future of workplace safety, well-being and insurance.

Its innovative response to the crisis earned them global attention from BBC, Sky News, and ITV, positioning spacebands as a rising star in tech.

The founders, recognising the need to evolve beyond the pandemic, identified a much larger, long-term opportunity: preventing workplace accidents.

This pivot has been met with resounding success, leading to £1.6m in total funding. Backing has come from prominent investors who see the transformative potential of spacebands’ next-generation wearables.

Lead investment come from a leading UK institutional investor and Evergreen Mountain Equity Partners (a US VC fund). Over 25 angel investors from Bristol Private Equity Club, Angel Invest Wales, Southern Angels and more were involved.