UK wound care firm seals £2m new money
This article was originally published in Clinica
Executive Summary
Advanced wound care therapy developer Wound Solutions has raised £2m ($2.9m) in the first tranche of a series A financing round. Contributors of this new capital were not disclosed. The funds will enable the firm to advance its ongoing clinical study to an interim review stage. London, UK-based Wound Solutions is developing a series of electrotherapy devices for treating chronic wounds. Its first product will focus on venous leg ulcers. The company plans to raise a further £6m in the round to complete the clinical study and take its product through regulatory approval.