Viscgo medical device company completes £ 315,000 investment round
A Manchester-based medical device company Science Park has completed an investment round of £ 315,000.
Viscgo completed the fundraising campaign with a £ 50,000 investment from a North West start-up investor, GC Angels, as well as a predominantly Northwestern cohort of institutional and private investors, including the GM&C Life Sciences Fund, managed by Catapult Ventures, and Deepbridge Capital. .
Founded by speech-language pathologist Dr Elizabeth Boaden and new product development and engineering specialist Steven Bookbinder, Viscgo’s products improve the management of dysphagia, or swallowing difficulties, for patients, caregivers, clinicians and dysphagia practitioners.
READ MORE: Dragons’ Den star Steven Bartlett reveals how he makes $ 1.2 million a year from his Diary of a CEO podcast
With the investment round, Viscgo seeks to consolidate its reach, enabling it to support a growing clientele of dysphagia patients and caregivers.
In addition to investing in research and development, the fundraising cycle was used to recruit business development and marketing managers, bringing the team to eight.
Steven Bookbinder, Co-Founder and CEO of Viscgo, said: “This phase of investment has come at a pivotal time as we launch our drink thickness test sticks and hire new team members.
Latest business news from Greater Manchester
“Viscgo was founded specifically to address the unmet need to provide people with dysphagia an easy way to accurately measure the thickness of drinks and improve their quality of life.
“With investment from Deepbridge, Catapult Ventures and now GC Angels, we are able to broaden our vision and work to make a real impact on the lives of people with dysphagia. “
BusinessLive is your home for business news from the North West and you can stay in touch with all the latest news from Greater Manchester, the City of Liverpool area, Cheshire, Lancashire and Cumbria through our email alerts. -mail.
You can sign up to receive daily morning newsletters from every region we cover and weekly email newsletters covering key economic sectors from manufacturing to technology and business. And we’ll send out last minute alerts for any stories we think you can’t miss.
Visit our messaging preference center to sign up for all the latest BusinessLive news.
For all the latest stories, views, polls and more, follow our BusinessLive North West LinkedIn page here.
Jess Jackson, Investment Manager at GC Angels, added: “ Companies like Viscgo, who have identified a problem and come up with a truly innovative solution, are exactly the type we want to work with at GC Angels.
“We are delighted to have been able to complete this important round of investment and look forward to seeing the results of the team’s work to expand its reach into Manchester and beyond. “
Have you already followed our BusinessLive North West LinkedIn page? Click here for the latest updates, stories and analysis from across the region.
Daniel Zamora, Business Program Manager at Health Innovation Manchester, said: “The Health Research and Innovation Accelerator helps companies like Viscgo collaborate with Greater Manchester research and innovation institutions to support the development and acceleration of innovative health and care products.
“We are delighted to be working with Viscgo and supporting their acceleration by providing access to specialist information and validating the clinical need for their innovation. “