Applied Monitoring, a Sunderland, UK-based company that is developing a healthcare and fitness monitor, raised further £500K in funding.
The round was led by Mercia Ventures’ North East Venture Fund.
The company intends to use the funds to expand operations and development efforts.
Founded in 2018 by Jon Dixon and Rob Connell, Applied Monitoring has developed a non-invasive way to monitor lactate levels in blood, which are used to detect when athletes have reached peak exertion and plan their training regime. Following trials at Durham University, the company has signed a contract with a microchip producer to create a miniature device that could be embedded in an armband and sync with a smartwatch.
The company first received funding from Mercia and the NEVF in 2022. The latest investment brought the total it has raised so far to over £1m.
FinSMEs
10/02/2025