Westco Medical Holdings, a Liverpool, UK-based masogastric feeding tube specialist, received a £146k SEIS investment from London Business Angels (LBA).
Backers included a syndicate of London Business Angels investors, including a £29.5k investment by the LBA SEIS Roundtable Syndicate Fund. The company was also backed by the Northwest Fund for Biomedical (managed by Spark Impact) and a Technology Strategy Board Grant.
The company intends to use the new funds to further the commercial launch of its product, enhance its IP position and provide additional working capital.
Led by George Gallagher, Managing Director, Westco Medical develops an innovative medical device, the “NG-PoD”, to test for the correct positioning of nasogastric feeding tubes.
FinSMEs
18/04/2013