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Acrobot secures £2.6 million
Acrobot, a developer of robotic and software products to assist orthopaedic surgeons, has received £2.6 million from a syndicate of investors.
The funding was provided by new technology investor The London Technology Fund, along with investments from PUK Ventures and Imperial Innovations Group plc.
Acrobot, which has developed computer-assisted 3D planning, surgical navigation and surgeon-controlled robotic surgery products, will use the funding to market and develop its products.
The company’s legal adviser was Dorsey & Whitney, led by partner Alex Paterson, who was assisted by Tamara Smythe. Paterson said he has acted for Acrobot since it was formed seven years ago. “This deal is great news for Acrobot, hopefully enabling it to take its business to a new level.”
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