North West Fund backs Dot Medical

The North West Fund for Biomedical is a sub-fund of the North West Fund, financed by the European Regional Development Fund and the European Investment Bank. The North West Fund is the umbrella term for six funds that back SMEs in the North-West of England.

The investment is the twentieth completed by The North West Fund for Biomedical. It will allow the company to develop and manufacture more equipment.

Company
Headquartered in Macclesfield, Dot Medical develops and manufactures equipment to treat atrial fibrillation, a heart condition that causes irregular and fast heart rates.

Dot Medical reports a turnover of approximately £1.5m and employs 7 members of staff.

People
Penny Attridge is a senior investment director at Spark Impact and worked on the transaction. Ian Rankin is managing director of Dot Medical.

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• Topics
• UK / Ireland
• Healthcare
• Expansion
• United Kingdom
• SPARK Ventures