uMotif raises £5m in Series A round led by AlbionVC
AlbionVC is thrilled to continue supporting uMotif, the patient-centric data capture software company, which today announces that it has raised £5 million in a Series A investment round.
The funding, led by us at AlbionVC also saw participation from Oslo-based DNV-GL and existing angel investors, will accelerate uMotif’s growth. It will fuel further development of its patient-centric and decentralised approach to clinical studies and enable expansion into new study types and more high-demand territories. Helping get much-needed, and at times life-saving, therapies to patients faster.
New funding will further enhance uMotif’s highly configurable software platform to support existing studies and support new study designs. With a customer base spanning Europe and the US, the investment will drive continued commercial growth and enable further geographical expansion.
“We’re excited to help our customers implement patient-centred research designs by using the uMotif platform to capture high-quality data,” says Bruce Hellman, CEO and Co-Founder of uMotif. “This new funding will rapidly accelerate our development and will ultimately help our customers to get new therapies to patients faster”.
Dr. Andrew Elder, Deputy Managing Partner at AlbionVC says:
“Now more than ever, having access to reliable patient data during clinical trials is crucial. uMotif’s platform is built with patients in mind; designed to help academics, researchers and healthcare professionals to capture the best quality data in a way that suits the participants. It’s a win-win for all stakeholders and the platform has the potential and momentum to revolutionise the speed and efficiency with which therapies can reach and help millions of patients.”
Kaare Helle, Venture Director at DNV GL says:
“Healthcare is dependent on digital transformation if it is to move towards being a more sustainable sector. uMotif has developed a digital platform that can support new models of clinical trials while also ensuring that the patient voice is heard. We have been impressed with the platform and the management team at uMotif who are responsive to customer and patient needs and passionate about making a difference.”
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