Albert Medical Devices Raises £300K in Second Funding Round

Albert Medical Devices (AMD), a Liverpool Science Park, UK-based developer of an intelligent catheter leg bag, has raised £300k in a second funding round.

Backers is SPARK Impact, managers of The North West Fund for Biomedical, which made the investment after AMD used an initial £50k Pathfinder investment to develop its product prototype and branding, and build a solid case for further investment (read here).
The company intends to use the funding to develop manufacturing tools to reduce the end user cost of the device further, expand the team in the area of commercial development, and work on its sales and marketing strategy.

Led by Tom Fitzherbert, CEO, AMD developed ‘Melio’, an intelligent catheter leg bag, complete with electronic urine level sensor, discreet patient warning system, mini pump and patient control panel.



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