Porton Capital et al. back Microvisk
Porton Capital, Oxford Technology Management, New Hill, Midven, the Rainbow Seed Fund, Finance Wales and private investors have backed Microvisk Technologies in a third round of finance with £6m.
Microvisk has developed a medical diagnostic strip based on a Micro-Electro-Mechanical System. The sensor technology is placed in a tiny strip to monitor the blood clotting status of patients taking the drug Wafarin.
The Microvisk SmartStrip system will allow patients to carry out blood test at home or in a doctors surgery. The company is preparing to commence trials in the USA and Germany within the next six months. The researcher operates at two facilities in North Wales and Oxfordshire.
In previous investment rounds, Microvisk has received a total of £10.5m.
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