OR Productivity, a Guildford, UK-based laparoscopic imaging specialist, closed a £1.25m funding round.
London Business Angels made a £140k investment including:
- a £90k investment by the LBA EIS Fund 2012 and
- a £50k investment by a lead London Business Angels investor.
Led by Jeremy Russell, CEO, OR Productivity is commercializing a robotically controlled camera holder for the laparoscopic market which gives a rock steady image totally under physician control without the need for an assistant.
The company plans to use the new capital to complete the development of the upgraded version of its product, build and install robots in hospitals and build relationships with strategic partners for commercial exploitation and co-development.