25 Jan Henley Business Angels re-invests in spacebands, a wearable technology company making workplaces safer
spacebands, a wearable technology company providing multi-hazard safety monitoring for employees, has received a follow-on investment from Henley Business Angels, contributing towards a funding round of £1.1m
Construction and manufacturing sites are often high-risk, with multiple hazards facing staff every day. In 2024 alone, occupational accidents caused 340,000 fatalities across the world. The Labour Force Survey estimates about 12,000 workers with work‑related hearing problems over 2023/24 period. Many of these risks are preventable, and with the right technology, fatalities and other accidents can be avoided.
spacebands minimises that risk, reducing workplace deaths and unnecessary accidents – protecting both the employees and the employers.
Their technology detects more hazards in the workplace than any other solution, and it doesn’t require WiFi or any other infrastructure to capture its unique data. Unlike other solutions, spacebands address a broad and critical set of health and safety factors in one offering, from decibel monitoring to PPE prompts to hand-arm vibration protection.
After launching in January 2025, spacebands have impressive early traction, with several paying customers and an impressive sales pipeline.
Their solution is a fraction of the cost of competitors in the space, with companies being able to protect their employees from as little as £1 per employee per day.
The investment raised from this round will be focused on continuing their sales efforts, with a boost in resources for marketing, as well as R&D and new hires.
Ronan Finnegan, Co-Founder and CEO of spacebands, is looking forward to the next stage of growth for the company, saying, “Too many workers only discover the impact of hazards like noise or vibration exposure years after the damage is done. By then, it’s too late. This funding allows us to keep building tools that help employers see risk as it develops, not after the harm has already occurred. Prevention has to happen in real time, on the person, not retrospectively in a report. spacebands was founded on the belief that better data leads to better decisions and safer outcomes. By giving employers visibility of exposure that has historically gone unmeasured, the company aims to reduce avoidable harm, protect workers’ long-term health, and help organisations demonstrate effective control of risk.”
Chris Rees, Co-Managing Director of HBA, was delighted by the investment, saying, “It’s impressive to see the progress made by spacebands since they initially received investment from HBA in 2022. The technology they’ve built is paving the way for safer work environments, and we’re delighted to be supporting them through their next stage of growth.”
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