Charity and think tank Future Care Capital and RYSE Asset Management LLP have launched the RYSE FCC Fund, which will invest in digital health and care technologies.
People will benefit from improved health and care outcomes brought about by innovation, as a result of early-stage digital health and med tech companies receiving investment from the Fund. Areas of investment could include digital apps to Artificial Intelligence and everything in between.
These challenging times of COVID-19 have shone a spotlight on the critical role digital health and med tech can play in delivering the best possible health and care to patients, but the pandemic has also seen many funding streams dry up.
The RSYE FCC Fund is a lifeline for early-stage companies whose innovations can solve the challenges facing the NHS and other health and care delivery systems, ultimately transforming patients’ health and care.
Uniquely, the cornerstone investor of the Fund will be charity and think tank Future Care Capital (FCC) – whose mission is to improve health and care now and in the future.
Andrew Whelan, Chair of Trustees at Future Care Capital, said: “As an independent charity, Future Care Capital is constantly exploring new ways to create social impact. We are delighted to announce our partnership with RYSE which allows us to ‘put our money where our mouth is’ and support investments aligned with our charitable mission of improving health and care.
“By investing in innovation and technology, the new RYSE FCC Fund will deliver tangible benefits for our beneficiaries – all those in receipt of care. We are excited to partner with RYSE who share our commitment to improving care and have a strong track record as an investment manager”.
Shabir Chowdhary, Managing Partner at RYSE Asset Management LLP, said: “We are delighted to be working with such an innovative and established charity, FCC, that is active within health and social care research and policy. The management team at FCC has shown great vision in backing pioneering companies at a time in which we believe health and social care provision will need to evolve. We are keen to engage with and obtain the support of other organisations that share in the RYSE FCC collective vision”.
Sam Hussain, CEO at Log my Care, said: “As an early-stage digital health startup, receiving funding and support from RYSE was a crucial and significant step in our journey. With it, we have been able to grow our team and take our technology to the next level. The investment has impacted the thousands of carers who use our care management app every day and has accelerated our mission to digitalise and modernise the social care sector. The health and social care innovation ecosystem that RYSE and FCC are building is powerful and we have already benefitted from it”.
The investment manager, RYSE Asset Management, has a dedicated and specialised team in the field of digital health and med tech. In partnership with DigitalHealth.London and MedCity, the firm has built a deep health and social care innovation ecosystem in conjunction with public healthcare supporting organisations and providers. By encompassing clinicians and scientists in the future of healthcare delivery, the firm is in an excellent position to support health and social care innovation by those that deliver care.
To find out more about how early-stage digital health and med tech companies can apply for investment from the RYSE FCC Fund, please visit: http://ryseam.com/en/