Tech Company Financing Transactions
PulmoBioMed Funding Round
On 2/8/2024, PulmoBioMed raised $1.8 million in funding from North East Venture Fund, SFC Capital and private investors.
Transaction Overview
Company Name
Announced On
2/8/2024
Transaction Type
Venture Equity
Amount
$1,770,000
Round
Undisclosed
Investors
North East Venture Fund (Lead Investor)
Proceeds Purpose
The company intends to use the funds to develop a manufacturing process to scale up production and register its product in the US, and plan to relocate from the university to new premises in Newcastle city centre and create seven new jobs in the year ahead.
Company Information
Company Status
Private & Independent
Industry
Medical Devices & Instruments
Mailing Address
Drayman's Way Newcastle Helix
Newcastle upon Tyne, NE4 5BX
UK
Newcastle upon Tyne, NE4 5BX
UK
Phone
Undisclosed
Website
Email Address
Overview
PulmoBiomed's focus is to provide clinicians and researchers a non-invasive means of sampling fluids (aerosolised liquids and gasses) from the deep lung, without contamination. Our solution avoids the need for invasive sampling such as bronchoalveolar lavage (BAL), and eliminates the risk of contamination or infection inherent to sputum samples.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
James Otter
Chief Executive Officer
Sterghios Moschos
Chief Financial Officer
David Pope
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Our team works diligently to record every notable VC transaction. VC investment data records reported here come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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