Cambridge Innovation et al. in $26m series-A for CMR
Cambridge Innovation Capital, LGT Global Invest and Escala Capital Partners have taken part in a $26m series-A funding round for UK-based robotics company Cambridge Medical Robotics (CMR).
Corporate venture firm ABB Technology Ventures and Norwegian investor Watrium also took part in the round.
The fresh capital will enable the company to undertake pre-clinical tests for its Versius product and invest in new product development.
The latest investment round brings the total amount raised by CMR to $46m.
Previous funding
In July 2016, ABB, LGT and Cambridge Innovation took part in a $20.3m funding round for CMR. The capital was earmarked for expanding its team and investing in product development.
Company
Founded in 2014 and headquartered in Cambridge, CMR develops robotic systems for use in keyhole surgery. Its products are used in minimal access upper gastrointestinal, gynaecological, colorectal and renal procedures.
People
Cambridge Medical Robotics – Martin Frost (CEO).
More on Early-stage
World Fund leads EUR 128m raise for quantum computing group IQM
Series-A2 for Finnish startup focused on combating the climate crisis also backed by the EIB
Gorillas raises circa USD 1bn in Delivery Hero-led Series C
New funding comes just seven months after a Series B, with the company doubling in value
L Catterton et al. in EUR 100m round for SellerX
SellerX has already raised amost EUR 250m in debt and equity in its 12 months since inception
Point72 Ventures leads €20m round for Curb
Food startup was founded in 2020 and will use the funding to invest in technology and its expansion in Stockholm
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Czech Republic-headquartered family office is targeting DACH and CEE region deals
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds