Moodbeam wins £200K investment

Hull healthtech start-up Moodbeam has developed an award-winning device to enhance mental wellbeing and secured a £200,000 investment.

Pix: Shaun Flannery/ COPYRIGHT PICTURE>>SHAUN FLANNERY>01302-570814>>07778315553>> 18th June 2018 Mercia Fund Managers - Moonbeam Ltd L-R Simon Brabtree, Mercia, Jonathan Elvidge of Moodbeam, Christina Colmer McHugh of Moodbeam, Mark Wilcockson of British Business Bank, John Connelly from C4Di

Moodbeam’s wearable device allows users to log their mood and monitor their emotional wellbeing – or that of their children, students, patients or employees. The device, which links to an online and mobile platform, gives insights into how moods change over time, showing patterns and trends that can support positive change.

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The funding from Mercia Fund Managers,part of the Northern Powerhouse Investment Fund, will allow the business to put the device into production.

Christina Colmer McHugh, founder, said: “It’s been a two-year journey, but Moodbeam has been shown to provide valuable insights into wellbeing and mental health. We set out to create a device with the potential to change lives.”