As reported on Investec.ie, 1st July 2013

SilverCloud Health Limited, an innovative Irish health technology company that has developed a ground breaking online health and wellness e-therapy platform, today announced it has secured €1.5 million of new equity funding, which will help support the company's continued international growth and development.

The investment is being led by The Ulster Bank Diageo Venture Fund, managed by Investec Ventures, with co-investment from the AIB Seed Capital Fund, managed by Dublin Business Innovation Centre (DBIC), and Enterprise Ireland.

The Dublin-based company is now looking to expand on its traction in EU and US markets, in addition to accelerating its entry into Middle Eastern and Asian markets, where there is significant and growing demand for innovative solutions for the delivery of healthcare solutions.

"Targeting healthcare organisations and providers, we are poised to take advantage of a gap in the market in terms of product and service offering and believe our interactive, supportive and social platform will cater for the needs of a growing mental and chronic/long-term illness care population," said Ken Cahill, Co-founder and CEO [investec.ie]

Read the full article on investec.ie »

Visit the SilverCloudHealth Website »