Moodbeam, a visionary healthtech company based in Hull, has successfully secured £200,000 in funding to bring its award-winning wearable device to market.
The device, designed to monitor mental wellbeing, promises to provide valuable insights into users’ emotional states by identifying mood patterns and trends over time.
Moodbeam has developed a wearable device aimed at enhancing mental health by allowing users to log and monitor their emotional wellbeing. This device is not just for personal use; it can also monitor the wellbeing of children, students, patients, and even employees. By linking to an online and mobile platform, Moodbeam offers insights into mood patterns, aiming to inspire positive change.
The £200,000 investment, secured from NPIF – Mercia Equity Finance, marks a significant milestone for Moodbeam. The funding will facilitate the transition from prototype to production stages, enabling the company to bring its innovative device to market. Moodbeam’s two-year journey, since its inception, has garnered interest from various sectors, including education, healthcare, and sports.
The potential applications of the device appear vast, with its use extending from supporting children’s mental wellbeing and aiding the elderly, to enhancing workplace environments and sports performance.
The inspiration behind the device was deeply personal for McHugh, who conceived the idea after noticing her daughter experiencing anxiety at school.
Moodbeam operates from Hull’s Centre for Digital Innovation (C4DI), where it has received valuable business, technology, and fundraising advice from experts like John Connolly.
With this investment, the tool is poised to support a wide array of users, helping them to track and understand their emotional wellbeing effectively.
Moodbeam’s journey represents a significant step forward in mental health technology. As it prepares to enter production, the company demonstrates a commitment to improving lives through better emotional understanding.
Moodbeam’s innovative wearable technology holds the promise of transforming mental wellbeing monitoring, offering valuable insights to various sectors.
With the secured funding, Moodbeam is well-positioned to bring its life-changing device to the market, supporting a future where mental health insights are accessible to all.