Finance Wales et al. invest £835,000 in Orthos
Finance Wales, angel investors and the Welsh Assembly Government have injected £835,000 in Welsh medical equipment manufacturer Orthos Limited.
Finance Wales contributed £500,000 to the round; Orthos also secured a £60,000 angel follow-on investment as well as £275,000 of Welsh Assembly Government funding. The capital will be used to bring Orthos' new synthetic bone substitute to market.
Founded in 1998, Orthos is a spine and orthopaedic medical devices company based in Cwmbran, Wales. It manufactures a range of proprietary orthobiologic products focused on skeletal defect repair and spinal fusion, several of which are already on sale.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com
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