North West Fund backs Fusion Implants
The North West Fund for Venture Capital, managed by Enterprise Ventures, has made a six-figure capital commitment to Fusion Implants, which manufactures veterinary implants using 3D printing technology.
The company will use the funding to boost its current product, hire a design engineer and finance further product development.
The deal is the second completed by the North West Fund in the 3D printing space this year. In January, the fund joined Enterprise Ventures' Lancashire Rosebud Fund in a £860,000 investment in UK-based 3D printing company FDM Digital Solutions.
Company
Launched in 2013 as a spinout from the University of Liverpool, Fusion Implants has developed a surgical implant to cure lameness and restore mobility in dogs. The firm's device, used in canine knee reconstructions, is already being sold to veterinary practices in the north west. The company expects to launch its product nationally in the coming months.
Fusion Implants has developed a way to manufacture high-performance veterinary implants from titanium using 3D printing. Its technology is covered by patent protection throughout Europe, the US, Canada and Australia.
People
Doug Stellman represented Enterprise Ventures on the deal.
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