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.
Chilled beers, wines and spirits delivered in one hour, thanks to JUST EAT for chilled drinks, Edinburgh-based startup Drinkly.
Bubblebum has had its flagship product named as one of the Most Innovative and Most Attractive at the Child Baby & Maternity Expo in China.
Influencer marketing remains largely unchartered territory for many businesses, so here are some tips for getting it right on the first go.
Step forward Raise Accelerator, Northern Ireland's first privately-run startup accelerator. We chatted to three founders from their first cohort.
Rich Maaghul, CEO of ODEM.io explores the future of education and how disruption will transform the way that we learn...
The app that helps you achieve your goal body with easy to follow workouts for the gym or home.
The London based startup that has safer home care provision as its mission
The ethical rewards app Koin Rewards, reimagining loyalty through responsible shopping and tokenisation.
Lessons from Goldilocks and the three bears and why in a competitive market place just-right doesn’t go far enough
Common costly mistakes when hiring a team. Use this advice to help avoid high hiring costs, low workplace morale and mistakes.
Published on: 23rd July 2019
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- IAG’s Hangar 51 takes flight with latest innovation programme 31st Jul 2019 The latest Hangar 51 innovation programme is on the hunt for tech startups with a broad range of aviation industry solutions.
- 10 FMCG startups selected for first Seedrs accelerator 24th Jul 2019 10 FMCG startups selected for the 1st Seedrs FMCG accelerator, which aims to help FMCG startups raise capital on the platform
- Startup Leadership Program invites applications for its 9th London cohort 12th Jul 2019 The Startup Leadership Program continues to grow, inviting applications for its 9th London cohort to join the six-month program.
- Latest Zinc Company Builder Programme to transform the quality of later life 9th Jul 2019 Do you want to build a new purpose-driven startup with support from a world-class network of experts?
