Swansea HealthTech Cosi Care has secured $1 million in US investment after being named one of five winners of the 43North startup competition in Buffalo, New York.

Founded by Lauren Bell in 2018, Cosi Care has developed the world’s first safe scratching medical device designed to relieve the symptoms of eczema and chronic skin irritation.

The company has already generated £3m in revenue and served over 50,000 UK customers, and now plans to use the investment to expand into the US market.

Cosi Care was the only UK company to win this year’s competition and also took home the People’s Choice Award, adding a further $25,000 to their prize.