NI MedTech company axial3D raises a healthy £2.4m
by Startacus Admin
NI-based medical technology company, axial3D, has raised £2.4m of investment following a successful ‘Series A’ funding round.
Based in Belfast, axial3D is a pioneering medical 3D printing company specializing in the use of patient-specific medical models to advance both standards and efficiency of surgical intervention. Creating precise 3D models generated from patient CT, MRI and PET data, this technology enhances pre-operative planning by personalizing healthcare. axial3D dispatches custom 3D printed models globally within 48 hours.
While the axial3D team is already working with internationally renowned healthcare providers and surgeons, the £2.4m investment will support the creation of eight new jobs, further R&D and drive expansion into key markets, including the USA.
The financing round was led by London-based Imprimatur Capital Fund Management, an international science and technology investor. Internationally the round was supported by a US cohort of angel investors, made up predominantly of surgeons.
At a local level, axial3D was further supported by its initial investor - Techstart Ventures through its TechstartNI fund, 
which was established by Invest NI as part of its Access to Finance strategy. Other early stage investors include Clarendon Fund Management, through its Invest NI fund, Co-Fund NI, and Innovation Ulster Ltd.
axial3D’s key aim is to deploy Artificial Intelligence techniques within its software, reducing pre-production time and enabling more healthcare institutions to benefit from the use of 3D printed models.
The global 3D printing medical devices market is set to grow over 23% in the next five years, largely due to the increasing adoption of 3D printing technology within the medical sector.
axial3D has a range of solutions to suit healthcare institutions at every stage of their 3D printing journey, from those needing a one-off custom print, to those with an existing 3D print lab hoping to increase compliance and productivity, while reducing operating costs.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Planning to launch a fashion brand this year? Here are a few basic tips that will help you do just that and get your business off to the right start
Bippit is an online platform and app that helps companies to support the financial needs of their employees - not just via their salary
.png)
2021 may be a challenging time to start a business, but these tips should help you get it right...
Startacus and Hatch Enterprise celebrate International Women’s Day by partnering with NetMinds to bring together female founders for a virtual speed networking event
.jpeg)
Keeping customers engaged is vital for any small business - these basic tips will help you do just that
Alchemy Technology Services, the Derry-based centre of excellence for insurance software implementation receives recognition for its commitment to diversity
For the first time ever, the Postcode Lotteries Green Challenge has both a British winner and runner up in the form of innovative startups SoluBlue and Jiva Materials
The innovative Italian company that has created Handshield, a hand protection wrap to protect users from bacteria and viruses
.jpeg)
If you’re thinking about starting an ecommerce business, these tips will help you do just that...
The lowdown on Pentaform, the London-based startup that has created an easy-to-use and eco-friendly personal computer that is globally accessible
Published on: 23rd July 2019
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Startacus and Hatch Enterprise offer speed networking IWD-inspired event 24th Feb 2021 Startacus and Hatch Enterprise celebrate International Women’s Day by partnering with NetMinds to bring together female founders for a virtual speed networking event
- Alchemy Technology Services receives Bronze Diversity Mark NI Award 23rd Feb 2021 Alchemy Technology Services, the Derry-based centre of excellence for insurance software implementation receives recognition for its commitment to diversity
- Groundbreaking British inventions win global sustainability prize 23rd Feb 2021 For the first time ever, the Postcode Lotteries Green Challenge has both a British winner and runner up in the form of innovative startups SoluBlue and Jiva Materials
- Wombat lands £2m investment as appetite for thematic, fractional trading grows 9th Feb 2021 The innovative investment platform Wombat secures major funding to help with further development and to expand the shares and investments on offer
