Menu visibility control

Video

Events

Startup Surgery

Most Recent

News

Top tech stats: Job automation, driverless cars and much more

News

Startup Weekly: Nesta’s £5m prize fund, Digital Catapult and Seedcamp’s VR cohort and much more

Investments

FinTech startup Quantexa lands $3.3m Series A led by Albion Ventures and HSBC

Press Releases

Starling Bank unveils beta as it begins roll out to first customers
VentureFounders surpasses £40m funding mark in 2 years of operation
Software testing leader TestPlant appoints Dr. John Bates as CEO

Wales-based biotech company Creo Medical Group floats on AIM

surgery
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Creo Medical Group, a biotech firm based in South East Wales, has floated on AIM after raising £20m from investors.

The company, which has been backed by Finance Wales, Pentax Medical and the Angel CoFund, specialises in the field of surgical endoscopy.

Founded in 2009, Creo produces an innovative device that allows physicians to operate without puncturing the patient’s skin.

London-based biotech company Pulmocide raises $30.4m Series B

Craig Gulliford, CEO of Creo, commented on the listing: “We are very excited to have received such strong support from UK and European investors in raising £20m. The AIM market in London has allowed us to attract the type of long-term institutional investors whose outlook fits nicely with our vision for the growth of the company and execution of our business model. London is a great market and we believe the AIM market is an excellent platform from which we will continue to build a leading British medical device company.”

The CEO went on to note that the company remained committed to improving patient outcomes and that the funds raised from the IPO would be channeled towards the development of its lead products.

The Rt Hon. Alun Cairns MP, secretary of state for Wales, commented on the IPO and took the chance to highlight’s Wales’ burgeoning tech sector.

“I am delighted to congratulate the Welsh based company, Creo Medical Group on their success. Wales’ economy continues to go from strength to strength and it is great to see such a cutting edge and innovative business in Wales achieving such growth. Their ambitions are an inspiration for other companies across Wales and send a strong message that there are great opportunities in Wales for businesses to flourish,” he said.

Enter your e-mail address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

jobs automation top tech stats

Top tech stats: Job automation, driverless cars and much more
posted 4 hours ago

Startup Weekly

Startup Weekly: Nesta’s £5m prize fund, Digital Catapult and Seedcamp’s VR cohort and much more
posted on March 24, 2017

London skyline

FinTech startup Quantexa lands $3.3m Series A led by Albion Ventures and HSBC
posted on March 24, 2017

The North of England

The top tech hubs in the North of England
posted on March 24, 2017

TWIT Emily 23.03.17

A $30.4m Series B, a £120m AI fund, a Mario Kart hack and more in The Week in Tech
posted on March 24, 2017

Tech and banking

How tech is shaking up the world of banking
posted on March 23, 2017