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MedaPhor raises further venture capital to boost growth

Cardiff Medicentre medtech startup MedaPhor has successfully raised £1.06m in an equity funding round to accelerate US sales and new product development of ScanTrainer, its novel ultrasound training simulator.

MedaPhor successfully raises £1m to accelerate US sales and new product development.

Medical equipment company, MedaPhor raises £1m equity investment.


Commentary

Dr Mark Bowman, Director of Innovation at Cardiff Medicentre said "I am delighted to learn of this latest successful fundraising by MedaPhor.  This company is one of our most successful medtech startups and I am certain that it will continue its rapid growth in the coming months." 

He added "The Welsh public should be really proud of this home grown success, with the technology behind MedaPhor having emerged from Cardiff University research."

For all Cardiff Medicentre media enquiries, please contact:

Carina Phillips
T: 07815 058283
E:carinaphillips@ntlworld.com

Notes to editors

About Cardiff Medicentre

Cardiff Medicentre is a dedicated incubator for biotech and medtech startups. The facility is set in the grounds of the University of Wales Hospital and is a neighbour to Cardiff University’s School of Medicine.

Established in 1992, Cardiff Medicentre is a joint venture between Cardiff Council, Cardiff University, the Welsh Government and Cardiff & Vale University Health Board. It was the first incubator of its kind in the UK and now provides 32 units of high quality office and lab space accommodation ranging from 284 sq ft to 1,045 sq ft. Low-cost desk leasing facilities are also available to encourage entrepreneurs to enter the Cardiff Medicentre community while writing business plans and raising finance.

Tenants at Cardiff Medicentre benefit from specialist support in establishing and growing their businesses. Their aim, and the aim of the Cardiff Medicentre management team, is graduation – the process of tenant businesses outgrowing the incubation facilities and moving into their own follow-on space, or being acquired.

Examples of successful graduate companies

  • Q Chip Ltd (completed $6 million venture capital investment round in 2011)
  • Cardiff Bioanalytical Services Ltd (acquired by LGC Ltd in 2010)
  • Cardiff Research Consortium (acquired by Capita Group plc for £11.6 million in 2009)
  • BioDynamics Research Ltd (acquired by Quotient BioResearch Ltd in 2008)
  • TrichoTech Ltd (acquired by Concateno plc for £11.25 million in 2007)
  • OnExamination Ltd (acquired by BMJ Group in 2007)

Published on Wed, 1st Aug 2012

 
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