SageTech Medical develops a flexible, low-capex, modular system that captures waste anaesthetic gas in reusable absorbent canisters from operating theatres for bulk storage and collection. The company is developing technology to recycle, purify and commercially sell the captured anaesthetic gas. Its solution enables hospitals to deploy temporary operating theatres and expand ICU capacity without fixed Anaesthetic Gas Scavenging Systems. The technology is positioned as an environmental and cost-saving alternative, with the article noting that a midsized hospital's anaesthetic gas use has the same impact as 1,200 cars and that over 95% of anaesthetic gas is currently vented to atmosphere. Recent fundraising is intended to complete pilots in UK hospitals, scale commercial operations and advance development toward market authorisation with a planned launch later in the year. SageTech has attracted enquiries from clinicians across the UK, Europe, America, Australia and Scandinavia.

Total raised

$4M

Funding rounds

1

Latest round

Series A

Latest activity

May 2021