BriHel Capital Discuss Your Raise

Sector  ·  MedTech

MedTech investment: capital for medical device, diagnostics and digital health companies

MedTech investors underwrite evidence: clinical, regulatory and commercial. We help medical device, diagnostics and digital health companies raising £10m and above present that evidence the way specialist and generalist investors assess it.

How investors see it

MedTech: where capital comes from, and what it needs.

A MedTech company's value is created in steps: clinical evidence, regulatory clearance, reimbursement and adoption. Investors price each step's risk, and they want to see exactly which steps are complete, which are funded by this round, and what evidence will exist when the money has been spent.

Specialist healthcare investors will interrogate the clinical and regulatory detail. Generalist growth investors and family offices will focus on the commercial evidence and the route to exit. Both expect the same discipline: claims that map to documents.

Who we work with

  • Medical device companies approaching or past regulatory clearance
  • Diagnostics companies scaling commercial adoption
  • Digital health companies with clinical validation and revenue
  • MedTech companies seeking strategic partners

Investor criteria

What investors check before they invest

The Investor Readiness Review tests each of these against your materials before an investor does.

What investors checkWhat they expect to see
Clinical evidenceStudy design, endpoints, results and publications, and what further evidence is needed.
Regulatory pathwayUKCA, CE or FDA route, classification, status and timetable.
ReimbursementCoding, payment and health economic evidence in target markets.
Commercial tractionSites, users, revenue, pipeline and sales cycle.
Intellectual propertyPatents, freedom to operate and ownership.
Use of fundsThe milestones this round reaches, and the value they create.

Capital providers

Who invests

Specialist healthcare and life science funds

Clinical and regulatory stage companies

Growth equity

Commercial stage companies with revenue

Strategic investors

Device, diagnostics and pharmaceutical companies

Family offices

Direct investment, often with a health focus

Venture debt and private credit

Revenue generating companies

Common issues

Where raises stall

01

Regulatory timetable optimistic

Clearance dates without a credible plan or budget.

02

No reimbursement route

Clinical value without a payer.

03

Round funds a step, not a milestone

Capital that runs out before value is created.

04

Market size without adoption evidence

Addressable market quoted in place of sales evidence.

FAQ

MedTech: questions

Who invests in MedTech companies?
Specialist healthcare and life science funds, growth equity funds, strategic investors from the device, diagnostics and pharmaceutical industries, family offices and, for revenue generating companies, venture debt and private credit providers.
What do MedTech investors look for first?
Clinical evidence, the regulatory pathway and its status, and a credible reimbursement route, followed by commercial traction.
Do you work with pre clinical companies?
Rarely. BriHel works with companies seeking £10m or more, which usually means clinical stage or commercial stage businesses.

Find out what an investor will see before approaching the market.

The Investor Readiness Review is a fixed fee assessment of your opportunity, written from the investor side of the table. You receive a scored report, the issues most likely to stop an investor, and the order in which to address them.