IQ Endoscopes announces the securing of a £1.5m equity funding round with new investors AIM listed Creo Medical PLC and the Development Bank of Wales.
Matt Ginn, CEO of IQ Endoscopes stated: “We are delighted to have secured this initial investment from the Development Bank of Wales, Creo Medical and a group of angel investors. It provides us with the perfect opportunity to rapidly develop our product technology and bring to market a range of single use, flexible endoscopes. Our platform will not only eliminate all threat of cross contamination between endoscopy procedures, but also increase throughput of patients. Having worked in the medical device industry for over 15 years, IQ Endoscopes has a vision for technology that will have global impact.”
IQ Endoscopes has relocated its operations to Wales following the funding round. Creo Medical Chief Executive Craig Gulliford will join the board as a non-executive director.