Sign In

Search Press
Looking for press releases of a particular company? Enter company name (or keyword) here.


PUK Ventures leads investment in Monica Healthcare

LONDON, UK, 24 April 2009 – PUK Ventures, the venture capital business of Partnerships UK, today announced that it has completed an investment of £750,000 of a total £1.1M funding round in Monica Healthcare Limited. Monica is a spin out company from the University of Nottingham which has developed miniature, wireless technology which can successfully monitor the well-being of a mother and her unborn baby.

The non-invasive wireless technology allows monitoring of the fetus and mother for extended periods of time and allows the mother to move around as normal. Existing techniques such as Ultrasound are not very effective in uninterrupted monitoring over longer periods of time and restrict mothers’ movement. The device is CE marked and is available throughout Europe, the Gulf states and Australia through Monica-appointed distributors.

The investors in this round of funding (£1.175M) are PUK Ventures (£750K), Catapult Venture Managers (£300K) and University of Nottingham (£100K) with private investors contributing a further £25K. Proceeds will be used towards expansion of Monica activities in the USA and other international markets.

Christina McComb, Head of PUK Ventures said: “PUK Ventures believes that Monica’s technology will make a real difference to the quality of care available to expectant mothers and their babies. We are pleased to support the company through the next phase of its international expansion”.

Jonathan Earl, Investment Director at Catapult Venture Managers, commented: “This funding round takes our cumulative investment in Monica to £1m. We are delighted both with the progress that the company has made since our original investment 4 years ago and to further support the continued growth”.

Paul Harper, Chairman of Monica said “Monica’s technology has potential to make a real difference and the support of PUK Ventures and our existing investors is greatly appreciated at this critical juncture which will see expansion into key markets.”

For further information please contact:

Kaushik Chakravarti
Investment Manager
PUK Ventures
Tel: 020 7273 8388

Jonathan Earl
Investment Director
Catapult Venture Managers
Tel: 0116 238 8200

Carl Barratt
Monica Healthcare
Tel: 0115 912 4540

Notes to editors:
1. About PUK Ventures
PUK Ventures is the investment business of Partnerships UK PLC. PUK Ventures operates a £25m fund, investing in businesses with UK public sector sponsorship and strong commercial potential. The objective of the fund is to create and enhance the value of assets, including technology and IP, emanating from UK public bodies such as universities and public sector research labs. PUK Ventures has an experienced investment team, with strong networks in the science & venture capital communities. The fund invests across most sectors and has historically invested in a broad range of technologies including medical/healthcare, clean/sustainable, information & communications and other engineering sciences. PUK Ventures is an active investor and works closely with portfolio companies in their strategic and operational development.

2 About Catapult Venture Managers
Catapult specialises in providing equity capital for businesses requiring between £200k and £2m. Catapult can invest across a range of funds, with £80m of funds under management, and provides a full range funding requirement from early stage, development capital to MBO/MBIs. Since 1999 Catapult has invested in 65 companies, providing initial and further follow on requirements. Catapult's experienced team of 7 Executives and 2 Non Executive Directors have over 100 years of VC experience between them.

3 About Monica Healthcare
Monica Healthcare is developing a series of innovative wearable devices that will use wireless technologies to facilitate globally accessible obstetric services in the home and hospital. Monica Healthcare Ltd was formed in May 2005. This followed a successful £500K seed fund raising exercise and was the culmination of 15 years of research at the School of Electrical and Electronic Engineering and the School of Human Development at The University of Nottingham, UK. An additional £1million second round funding was raised in May 2007 from Catapult, the Lachesis Fund and private investors.

Publisher Contact Information:

PUK Ventures
+44 20 7273 8388

Company profile of PUK Ventures
Past press releases of PUK Ventures.


Tech investments
From our Online Data Service
VC-backed companies
From our Radar

Recent Deals

Nov 25€24.0MInternet commerce
May 30€15.0MBiopharmaceuticals
May 28€15.0MDiagnostics
May 28€1.3MInternet services
May 25€1.0MOther Software
May 22N/AInternet services
May 20€4.3MArtificial Intelligence

For information on Europe's most extensive database on technology funding click here!


Press Releases

May 28
identiq raises $5m seed, launches privacy-first identity validation...

Apr 29
nethone raised over $1 million from innovation nest

Mar 31
the fit allocates chf 100'000 to comppair technologies

Jan 29
yumpingo raises $10m to transform guest experiences in restaurants

Oct 1
The Link App
the link app launches version 2.0

About usContact usLegal Information
Copyright © 1999-2019
Emerging Technology Research Europe Inc. All rights reserved.