- Type of finance
- Business need
Growing a business
Rescape Innovation, based in Cardiff, develops virtual reality technology for healthcare. Its products are designed to help patients deal with pain, rehabilitation, stress and anxiety by distracting the brain.
A syndicate of ten high-profile angel investors from a range of sectors came together to invest in Rescape with support from Angels Invest Wales.
The company secured £480,000 equity investment, including £207,500 which was match funded through the £8 million Wales Angel Co-investment Fund. This will help the company to invest in new technology, export and develop new products to support patient recovery and rehabilitation.
Read the full press release.