Funds for Healthcare Tech Intelligence Firm Signify

HealthTech market intelligence provider Signify Research has received a £6m investment from growth capital firm BGF, with which to expand its market presence and broaden its areas of coverage.

Cranfield, UK-based Signify conducts in-depth interviews with technology vendors and healthcare professionals, combining this with sales data reported by major vendors to provide 'a complete and balanced view' of market trends in medical imaging, clinical care, digital health, diagnostic and lifesciences, healthcare IT and AI in Healthcare. Outputs include reports and subscriptions, as well as access to expert analysts, and the firm also offers custom research services for areas not covered by its off-the-shelf products.

The firm will continue to be led by its current management team including co-founders Steve Holloway (CEO) and Alex Green (COO), but has also appointed Gareth Miller as Non-Executive Chair, following an introduction from BGF's Talent Network. Miller worked previously as CEO of another BGF-backed company, energy sector data and research company Cornwall Insight, which was acquired by Bowmark Capital in 2022. BGF's portfolio includes more than 400 companies across the UK and Ireland.

Holloway (pictured) comments: 'We are excited to welcome BGF as a strategic partner. Their investment will enable us to scale our operations, enhance our product offerings and reach new markets... We are confident that with BGF's support, and the highly relevant experience of Gareth Miller, we will continue to lead the way in delivering cutting-edge healthcare technology market intelligence solutions'.

Web site: www.signifyresearch.net .