Almi invests in Xintela
Almi Invest has backed Lund-based Xintela, a Swedish biomedical company, as part of a SEK 6m funding round.
The capital injection is a co-investment made by existing owners Almi Invest Småland & Öarna, Baulos Capital Belgium and a handful of existing and new private shareholders.
Almi backs companies in the early-stage to expansion phases. To date, it has invested SEK 1bn in close to 350 growth companies across all sectors.
Company
Founded in 2009 and based at the Lund Life Science Incubator, Xintela is developing cell therapy products based on patented technology. The method is aimed at cell therapy following sports injuries or osteoarthritis.
The technological platform is based on the discovery of alfa10beta1-integrin by Xintela CEO Evy Lundgren Åkerlund. The company has currently three employees and plans to make further hires during the autumn.
People
Evy Lundberg Åkerlund and Greg Batcheller are respectively CEO and chairman of Xintela.
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