Healthtech startup Active Needle raises £350,000 on SyndicateRoom

Mar 15, 2017 · http://techcitynews.com

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Active Needle Technology has raised £350,051 on online investment platform SyndicateRoom.

The startup, which has developed a device designed to help doctors perform more accurate and reliable needle-based procedures, surpassed its £250,000 target by 140%.

According to a statement, the funding will enable the Oxfordshire-based firm to advance to pre-production stage.

Ian Quirk, CEO and co-founder of Active Needle, said: "Active Needle is committed to developing precision needle-based devices to improve accuracy during medical procedures, such as biopsies. The clinical impact of precision targeted needles includes increasing confidence of needle tip detection, whilst patients can benefit from reduced complications and discomfort.

"Funds raised via SyndicateRoom will be used to progress the device to pre-production standard, testing and into regulatory approval," he added.

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