Medical device company raises £1.5m

Medical device company raises £1.5m

posted 4th January 2021

Posted 3 years ago

By GS Verde

Deals

Medical device company, IQ Endoscopes has raised £1.5m in a funding round led by the Development Bank of Wales and Creo Medical Group plc, in a deal that was advised on by The GS Verde Group.

The investment will support the rapid product development of the company's IQ platform, a range of single use flexible endoscopes which provide images of the full length of the gut, assisting diagnostics and therapeutic procedures.

GS Verde Law acted as legal adviser to the Development Bank of Wales, which has supported the company as an investor over multiple rounds through to its successful IPO on AIM in 2016.

The GS Verde Group have a long track record of working in the medical and life science industries. As well as having many clients in those sectors, the Group has also worked on a number of corporate transactions.

Speaking on the completion of the deal, Matthew Sutton, Director of GS Verde Law, said: "We were delighted to work on this deal and to advise the Development Bank of Wales. As keen supporters of STEM, medical and life sciences industries, it is exciting that IQ Endoscopes will soon be operating in Wales. All of the teams at the GS Verde Group wish the business every success for the future."

For more information on the deal, the full news article is available here: Insider Media

To speak to Matthew Sutton, or the GS Verde corporate team about raising finance, please contact them on 029 2009 5500 or email Hello@gsverde.finance

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