Royal College of Art’s Design & Innovation S/EIS start-up fund invests in Flomark

The Royal College of Art (RCA) and Infinity Asset Management LLP are delighted to announce that its RCA Design & Innovation S/EIS Fund has invested in Flomark Limited.

Flomark, a spin-out from the Royal College of Art, is developing an end-to-end automated fluid balance monitoring system to easily, intuitively and reliably control and monitor patient fluid balance in a clinical setting.

Traditionally, nurses have had to manually count IV drips to estimate flow rates. Flomark’s patented single-use sterile flow meter simplifies this process. It fits standard gravity IV sets and uses a red ball and scale to show the flow rate in millilitres per hour at a glance. This saves nurses time and helps ensure fluids are delivered more safely and accurately.

The funding will support Flomark’s plans to launch its first product later this year and bring its pipeline of devices to market in the coming years. It will also enable continued R&D to enhance the platform’s capabilities. In addition to the RCA Design & Innovation S/EIS Fund, the company also received investment from Parkwalk, the British Design Fund and a number of angel investors (including members of AngelClubRCA).

Since 2015, InnovationRCA (the RCA’s centre for entrepreneurship) has operated its angel network, AngelClubRCA, which was set up to promote and encourage commercial enterprise in the UK by connecting the most promising S/EIS early-stage RCA start-ups with investors. Now with the RCA Design & Innovation S/EIS Fund, more qualified investors can access the unique multi-sector RCA pipeline at a very early stage while valuations are low and those companies are incubated and supported by InnovationRCA.

Flomark is the RCA Design & Innovation S/EIS Fund’s seventh investment and joins a portfolio that includes BlueNose Technologies Ltd, Revive Innovations + Limited, Digital Heat Ltd, PulpaTronics Limited, Reporti Pro Ltd and Carbon Cell Ltd.