The Electrospinning Company, Ltd., an Oxford, UK-based nanofibre innovation and development company, has raised £254k in angel funding.
Investors include London Business Angels and the LBA EIS Approved Roundtable Fund, which committed £134k earlier this year, and other angel and existing backers, who committed £120k.
A lead angel from LBA has also joined the company’s Board.
Founded in 2008 by the Rutherford Appleton Laboratory, The Electrospinning Company uses the electrospinning process to manufacture nanofibre structures and scaffolds for the biotech industry, and in particular for the stem cell therapy sector.
The company received £100k in initial seed funding during the period 2008-2010.