SageTech Medical secures £2.5m investment to scale sustainable healthcare technology

Paignton-based SageTech Medical has secured a £1 million equity investment from the British Business Bank’s South West Investment Fund through appointed fund manager The FSE Group. The investment is part of a £2.5m funding round that will support the company’s next phase of growth in the UK and international markets.

Founded in Devon, SageTech has developed patented technology that captures waste anaesthetic gases before they are released into the atmosphere. The company’s circular solution helps veterinary practices and hospitals reduce emissions while supporting the recovery and recycling of valuable anaesthetic agents. Its technology is already being used across veterinary and human healthcare settings in the UK and selected European markets.

The investment will be used to expand SageTech’s team, strengthen operations and support growing demand from healthcare providers. The company is seeing increasing interest from major veterinary groups and is building its presence internationally as environmental regulations and sustainability targets drive adoption of greener healthcare solutions.

“We’ve developed a solution that not only helps healthcare providers reduce their environmental impact but, importantly, our innovative technology has the potential to significantly increase the safety of clinical staff by reducing work-based exposure to the vented gas. We’re delighted to be working with The FSE Group and the South West Investment Fund as we continue to scale the business from our Devon headquarters.”
Dr Iain Menneer, CEO of SageTech Medical

“SageTech has developed an innovative solution to a significant environmental challenge in healthcare. The business combines strong technical expertise with growing commercial traction, particularly in the veterinary sector, and is well placed to benefit from increasing demand for more sustainable healthcare practices. We’re pleased to support the company as it enters its next stage of growth.”
Meg Salt, Investment Manager at The FSE Group

“SageTech is a great example of the innovation taking place in the South West’s life sciences sector, combining cutting-edge medical technology with a clear focus on sustainability. Life sciences is one of the priority sectors identified in the Government’s Industrial Strategy, and this investment from the South West Investment Fund will help SageTech accelerate the adoption of its technology across healthcare settings in the UK and internationally.”
Lizzy Upton, Senior Investment Manager at the British Business Bank

The purpose of the South West Investment Fund is to drive sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across the South West. It offers a range of commercial finance options with smaller loans from £25k to £100k, debt finance from £100k to £2m and equity investment up to £5 million. The fund is increasing the supply and diversity of early‑stage finance for South West smaller businesses, providing funds to firms that might otherwise not receive investment and helping to break down barriers in access to finance.