Medical Devices Firm Creo Medical in £3.5m Second Funding Round Led By Finance Wales and Angel CoFound
November 25, 2014
Cheptsow-based developer of innovative medical devices Creo Medical has completed a new £3.5m funding round, led by Finance Wales and angel investors and the Angel CoFund.
The Government-backed Angel CoFund joins existing investors Finance Wales, the Arete Angel syndicate and individual business angels, including lead angel Mark Farmer, bringing the total Creo investment received to date to £7.9m.
It is the second co-investment deal between the Angel CoFund and Finance Wales, the investment bank subsidiary of Finance Wales, this year.
Since 2009, Creo Medical has developed innovative medical devices. The funding will be used towards the continuing development of the CROMA platform – the first new electrosurgical system in a generation – specifically with regards to achieving regulatory approval for the European market and establishing a regulatory pathway into the US market.
Read the full article of walesonline.co.uk here.