Airglove Secures £500,000 for Medical Device Launch

Deal News | Feb 26, 2025 | Scottish Enterprise

Airglove Secures £500,000 for Medical Device Launch

Airglove Medical, a company based in East Kilbride, has secured a £500,000 equity investment to support the commercial launch of its innovative Airglove product. This investment was led by Pulse Angels, with participation from Scottish Enterprise. The Airglove device is designed to assist medical professionals in successfully cannulating patients on the first attempt, which is expected to enhance patient wellbeing and reduce costs for the NHS. This funding marks a significant step for Airglove in advancing its product in the healthcare sector, particularly in improving procedural success rates and operational efficiency in medical settings.

Sectors

  • MedTech
  • Healthcare
  • Investment

Geography

  • United Kingdom – The United Kingdom is relevant as it is the location of both Airglove Medical's operations and the NHS, which is a targeted beneficiary of the product.
  • Scotland – Scotland is relevant as both Airglove Medical is based in East Kilbride, and Scottish Enterprise, a participant in the investment, is a part of the Scottish economic landscape.

Industry

  • MedTech – The MedTech industry is relevant as Airglove Medical is innovating within the medical technology field by developing devices to improve healthcare procedures.
  • Healthcare – Healthcare is a key aspect as the Airglove device is designed to deliver cost savings for the NHS and improve patient care.
  • Investment – Investment industry is relevant given the involvement of equity investment firms Pulse Angels and Scottish Enterprise in funding Airglove Medical.

Financials

  • £500,000 – The total equity investment raised by Airglove Medical from Pulse Angels and Scottish Enterprise.

Participants

NameRoleTypeDescription
Airglove MedicalTargetCompanyA MedTech company developing the Airglove device to improve medical cannulation.
Pulse AngelsLead InvestorCompanyAn investment group leading the equity funding round for Airglove Medical.
Scottish EnterpriseCo-InvestorCompanyA public sector organization aimed at helping Scottish companies innovate and grow, acting as co-investor in the Airglove fundraising.