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Veryan Medical spins out; brings in £2.6mm with Series A round
03 Mar 2006
Imperial College London has spun out the device company Veryan Medical Ltd., which raised £2.6mm ($4.6mm) with the closing of the first tranche of its Series A venture round. NPI Ventures (part of Nikko Securities) led the financing and was joined by Oxford Capital Partners; NESTA (the National Endowment of Science, Technology, and the Arts), which contributed £95k to the round; and Imperial Innovations (the tech transfer arm of Imperial College London), which provided £500k.
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