Bristol-based Spacebands secures £450K investment for new product

Spacebands Harry & Ronan
Spacebands, a Bristol-based start up which created social distancing devices during the pandemic, has secured a £450,000 investment to pivot its business away from pandemic related issues and into the wider health and safety market.
During the pandemic it sold 20,000 units to more than 1000 businesses, including the NHS, MoD, Panasonic, Sony & Amazon, across more than 30 countries.

Workplace injuries costs the UK economy £16.2 billion annually and the company has built a new multi-feature hazard alert system to help tackle a broad spectrum of workplace safety issues, whilst prompting employees to take action on wellness.

Ronan Finnegan, Co-Founder, said: “We’re expecting it to be a real game changer in terms of workplace safety, well-being and insurance.

“We have raised investment from local angel investors and angels within well-respected networks including Henley Business Angels, South Angel Investors Club and Dorset Business Angels.

“We are also about to secure a £250K investment from a well-respected local VC institutional investor.”

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