A digital health company from Newcastle has managed to secure £1 million in finance alongside the Newcastle Hospitals NHS Foundation trust.
The company, Changing Health, offers a lifestyle service and toolkit to help people with type 2 diabetes. Patients can use an app which supports self-management and provides weight management, activity tracking, personal coaching sessions, a food diary and personal goals. The app was developed from research at Newcastle University and the Newcastle NHS Foundation trust.
The £1 million round funding was achieved with help from the Finance for Business North East Accelerator Fund. The fund is managed by Northstar Ventures and the money raised has enabled the company to hire six staff. As well as hiring new staff the company has recently announced a partnership with Nuffield Health.
CEO of Changing Health John Grumitt, said: “We’re excited to expand and attract talent to the North East following the investment by Northstar Ventures. Among appointed staff members are business development director Mark Scorringe, who previously worked at global pharmaceutical company Eli-Lilly, and marketing and communications director Jonathan Gwillim, who has over 10 years of experience in healthcare market insight.”
Alex Buchan, investment manager at Northstar Ventures, said: “Changing Health has taken an established educational programme and, through digitisation, developed a platform that could be a key factor in reducing the number of people living with Type 2 Diabetes.
“It is the only educational programme where trials have shown a direct reduction in key indicators of diabetes and it is encouraging to see the NHS and an established healthcare provider like Nuffield Health be so quick to adopt the technology.
“Furthermore John has an impressive track record of rolling out new technologies and extensive experience of working with healthcare providers, meaning he is ideally placed to oversee the roll out of the Changing Health platform.”