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Micrima raises a further £3.8million in latest investment round

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Micrima raises a further £3.8million in latest investment round

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Micrima limited have closed the latest fundraising round by way of a convertible loan note.

The company raised £1.9 million from new and existing shareholders which is being matched by the 'Future Fund', the UK government initiative delivered by the British Business Bank, thereby providing Micrima with £3.8 million of funding in aggregate.

Technology venture partners led the round with participation from Angel co Fund and Venture Partners, Nick Randall the Non-Executive Chairman said “this investment will allow us to move the company into the next phase with a system that has a place in a clinical workflow and more exciting functionality to come as soon as clinical data collection can recommence.”

This funding will allow the next stage of development and commercialisation to take place. There will be a lunch of a 7th generation of the radio-wave breast scanning system MARIA later this year.

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