Ian Mitchell, Partner in our Corporate team advised SIS Ventures Limited on their first entrepreneurial business investment.
Launched in 2018, Edinburgh based SIS Ventures are part of the Social Investment Scotland group who aim to invest for social impact, meaning their investments are made with the intention to generate positive, measurable social and environmental impact, alongside financial return.
We advised on SIS Ventures’ investment in Talking Medicines Limited, a Glasgow based healthcare data start-up founded in 2013. Talking Medicines are the developers behind Medsmart, an app which can help individuals better manage their medicines at home, helping them ensure medicines are taken at the right time and in the correct way.
The investment round of £622,000 included funds from private investors and founders of Talking Medicines, as well as the Scottish Investment Bank.
Talking Medicines plan to use the funding to continue developing and promoting the use of data to drive more effective use of medicines.