# SpaceBands

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/spacebands

- Industry: Consumer Products
- Headquarters: Cardiff, UK
- Website: www.spacebands.com/
- Total disclosed funding: $1.2M
- Latest round: Seed (Feb 17, 2023)
- Investors on record: 5

## About

Founded in 2020 and based in Bristol, UK, SpaceBands Ltd. operates as a workplace safety wearable technology company. The company was founded by its CEO, Ronan Finnegan, and Harry Kimberley-Bowen. SpaceBands provides wearable social distancing and contact tracing devices for businesses in the manufacturing, construction, and healthcare sectors, under the brand SpaceBands™, to make their workplaces safer. The company's product works in conjunction with its mobile application (Space) to provide contact tracing reports on employees, inform (light up, vibrate, and beep) employees when they get too close to each other, and reduce the danger of health and safety concerns in their daily operations. On its e-commerce site, the company also sells other items such as multi-USB charging ports, masks, and sanitizers. Its client base includes Sony, Amazon, and ITV. The company generates revenue by selling its wearable products to clients for GBP 24.99 per item. SpaceBands Ltd plans to use the funding to launch a new version of its product, which is expected to build on the success of the first. In addition, the company plans to increase its personnel by recruiting a new Head of Sales and expanding its marketing team. As of 2022, the company has a client base of over 1,000 customers across 30 countries. In April 2025, SpaceBands Ltd. raised GBP 1.6 million in venture funding led by Evergreen Mountain Equity Partners, with participation from Angel Invest, Bristol Private Equity Club, and Southern Angels. Individual investors also participated in the round.

## Funding rounds

- Seed, Feb 17, 2023, $1.2M — Development Bank of Wales, Bristol Private Equity Club, Angel Invest, Southern Angels, Evergreen Mountain Equity Partners

## Investors

- Development Bank of Wales (https://capitalatlas.ai/funds/development-bank-of-wales) — Seed
- Bristol Private Equity Club (https://capitalatlas.ai/funds/bristol-private-equity-club) — Seed
- Angel Invest — Seed
- Southern Angels — Seed
- Evergreen Mountain Equity Partners (https://capitalatlas.ai/funds/evergreen-mountain-equity-partners) — Seed