PredictImmune, developers of prognostic tools for guiding treatment options and improving patient outcomes in immune-mediated diseases, has welcomed Tim Rea, an investor at BGF, to its board.
Tim has been active in the venture capital and start-up ecosystem for over 20 years across a broad range of sectors, stages and geographies. He is particularly passionate about the application of new, disruptive technologies into the healthcare and life sciences ecosystems.
An investor at BGF, the UK and Ireland’s most active investor in growing businesses, Tim has supported the process of expanding BGF’s support for the life sciences sector, working across its 14 regional offices and with a focus on diagnostics. PredictImmune is BGF’s eighth life sciences investment in the last 12 months.
BGF joined existing investors Parkwalk, Cambridge Enterprise and new investor, Cambridge Innovation Capital, in PredictImmune’s Series B funding round, which completed in July 2019. The £10m investment, which cemented PredictImmune’s solid financial position, will enable PredictImmune to focus on continued global commercial expansion and expand its horizons in terms of product development.
Tim Rea, BGF, commented: “As an active investor in diagnostics, we are excited to support PredictImmune’s innovative approach to forecasting the progression of disease. The business is poised to grow quickly to take advantage of demand from a thriving market, and a decade of research from highly-dedicated academic and management teams has been effectively translated into a tool that will materially impact the lives of those afflicted with IBD.
“The diagnostics landscape has changed dramatically in recent years, particularly around early prognosis and disease management. We are pleased to be welcoming another exciting business to the BGF portfolio and I am looking forward to working alongside Paul and the team to help deliver their vision.”