B1 Medical Limited is pleased to announce that it has completed a second round financing of £1.1m.
Investors in the round included Barwell plc and RGU Ventures Investment Fund, the management team and existing shareholders Scottish Enterprise Co-investment Fund, Robert Gordon University, the University of Aberdeen, Scottish Health Innovations Limited and Sigma Technology Management Limited.
Dr Mark Wickham said, 'The high growth orthopaedics sector provides an exciting opportunity for leading-edge new products that address real clinical needs. This investment provides a fantastic opportunity for B1 Medical to further develop its portfolio of innovative new products and invest in expanding the company’s marketing and sales resources.'