Ambicare was founded in 2004 by Professors Ferguson and Samuel to develop and commercialise ambulatory light sources for Photodynamic Therapy (PDT) and Phototherapy.

The company is an independent venture capital backed spin-out of Ninewells Hospital, Tayside Health Board, Dundee and St Andrews University in Scotland.

St Andrews University and Tayside Health Board (through Scottish Health Innovations Ltd, SHIL) are equity stakeholders in Ambicare.

Longbow Capitaland Scottish Enterprise have invested in Ambicare: