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Belfast-based Axial3D raises £230,000, brings total Seed funding to £530,000

Belfast
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Belfast-based startup Axial3D has secured £230,000, bringing its total Seed funding to £530,000.

The startup says it will use the money to invest in further development of its workflow solution, which seeks to facilitate access to 3D printed patient-specific anatomical models for surgical planning.

As part of the round, Techstart NI, the firm’s largest single investor, pledged a further £100,000, bringing its total commitment to £250,000.

A $9m Series B, a £60m fund for UK tech, WhatsApp payments and more in The Week in Tech

Dr Sandy McKinnon, investment director at Techstart NI, said the firm is “already making profound impacts” on surgical interventions.

“The unparalleled insight the models give really does help the surgeon get it right first time and saves the healthcare provider both time and money,” he continued.

The news comes after Axial3D, which entered the scene in 2015, opened an office in central Belfast last month to accommodate its “growing” team.

Axial3D has also attracted Patrick Hurst MBE to invest and join its board of directors.

HealthTech in Belfast

Axial3D is not the only Belfast-based HealthTech firm to have raised funding in recent weeks.

Just last month, BrainWaveBank announced it had raised £1m in Seed funding from investors including the Angel CoFund and techstart NI, which contributed to the round via its R&D scheme.

Also founded in 2015, BrainWaveBank is developing data-centric solutions to help track brain health and fight dementia – believed to cost the UK a staggering £26bn a year.

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