Finance Wales backs Creo Medical
Finance Wales has made a £1.36m equity injection into Chepstow-based medical devices company Creo Medical as part of a £3m funding round.
The investment was made through the Finance Wales IV vehicle, which closed on £150m in 2009. Finance Wales invested alongside a business angels syndicate.
The investment will fund the expansion of the company's staff base.
Company
Founded in 2003 and based in Chepstow, Creo Medical (formerly MicroOncology Ltd) is a medical device company. The firm focuses on the development of microwave and radio frequency technology for precise tissue resection, ablation and coagulation. Its technology is used in the resection of tumours and tissue abnormalities of the gastro-intestinal tract.
People
Richard Thompson led the deal for Finance Wales.
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