Envoke: Expanding Global Reach with New Investment

Deal News | May 22, 2025 | Finance Yorkshire Ltd

Envoke: Expanding Global Reach with New Investment

Envoke, a Leeds-based company specializing in simulation software for medical training, has secured a £1 million investment. The investment comes from Finance Yorkshire's Seedcorn Fund, with a £500,000 contribution, matched by NPIF – Mercia Equity Finance. Envoke is the only platform offering e-learning for medical devices, facilitating remote support that reduces the need for on-site visits. The AI-powered diagnostic tool helps resolve common problems. Founded in 2019 by Stuart Warrington, Envoke originated from a film and animation background aimed at product demonstrations. The company counts reputable medical equipment manufacturers as clients, including Bio-Rad and Terumo Group, and its systems are used globally in laboratories and universities. This latest funding will enhance Envoke's offerings, bolster sales and marketing efforts, and pave the way for a Series A investment. The company currently employs 11 staff and plans to add two new positions soon. The investment is seen as a pivotal step in the growing technology and AI sector in Yorkshire.

Sectors

  • Healthcare Technology
  • Artificial Intelligence
  • Investment

Geography

  • United Kingdom – The article centers around a Leeds-based company, Envoke, and an investment entity, Finance Yorkshire, located in the UK.

Industry

  • Healthcare Technology – The article discusses Envoke's focus on simulation software for medical training, making it a key player in healthcare technology.
  • Artificial Intelligence – Envoke's use of AI-powered diagnostic tools places it within the AI industry.
  • Investment – The involvement of Finance Yorkshire and NPIF – Mercia Equity Finance highlights the investment aspect of the transaction.

Financials

  • £1 million – Total investment received by Envoke.
  • £500,000 – Investment amount from Finance Yorkshire's Seedcorn Fund.

Participants

NameRoleTypeDescription
EnvokeTarget CompanyCompanyA Leeds-based company specializing in simulation software for medical training founded by Stuart Warrington.
Finance Yorkshire Ltd.InvestorCompanyA private equity firm investing in Envoke with £500,000 from its Seedcorn Fund.
NPIF – Mercia Equity FinanceInvestorCompanyPart of the Northern Powerhouse Investment Fund, matched a £500,000 investment in Envoke.
Stuart WarringtonCEOPersonFounder and CEO of Envoke, he transitioned from a film and animation production background to create the company.
Alex McWhirterCEOPersonCEO of Finance Yorkshire, expressed support for Envoke's growth initiatives.
Bio-RadClientCompanyOne of the leading device manufacturers utilizing Envoke's platform.
Waters CorporationClientCompanyAnother key client of Envoke's simulation software.
PacBioClientCompanyLeading device manufacturer and client of Envoke.
GrifolsClientCompanyClient leveraging Envoke's medical simulation software.
Terumo GroupClientCompanyUses Envoke's platform for training and remote support.