Rem3dy Health secures £1.4m in new funding

Midlands-founded health-tech scale-up Rem3dy Health has landed £1.4m in new funding.

The announcement was made at Birmingham Tech Week, as part of their Scale-Up Summit.

During the event, Founder and CEO Melissa Snover confirmed that the Amsterdam-based Borski Fund, which specialises in backing high-growth, women-led ventures, has invested £900,000 in Rem3dy Health, alongside a further £500,000 investment from Future Planet Capital Regional just a few weeks prior.

Snover said: “This latest round marks a huge milestone not just for Rem3dy Health, but for the Midlands innovation scene.

“Both Borski and Future Planet Capital share our belief that world-class innovation doesn’t have to start – or stay – in London.

“This investment proves that regional founders can raise global capital and scale globally from right here in Birmingham.”

Together, the £1.4 million injection from both Borski Fund and Future Planet Capital Regional will accelerate global expansion and R&D for the company’s personalised nutrition brand Nourished, which uses patented 3D printing technology to deliver personalised, preventative health solutions on demand.

Jen Roberts-Woods, Investment Associate at Borski Fund said: “From our first meeting, Melissa’s vision and drive towards realising Rem3dy Health’s global potential was unmissable.

“The Borski Fund looks forward to working closely with Rem3dy Health as it continues to scale and shape the future of personalised health innovations.”

Rupert Lyle from Future Planet Capital Regional, which manages the West Midlands Co-Investment Fund, added: “Through the West Midlands Co-Investment Fund, we’re proving that the region can be a launchpad for world-class innovation.

“Rem3dy Health’s growth story is an outstanding example of what happens when regional founders are backed by both local and global capital: the outcomes are both commercially and socially transformative.”