4D Medicine (t / a 4D Biomaterials) Secures £ 1.6m Seed Investment Led by DSW Ventures – UK Tech Investment News

Medtech Raises £ 1.6m for 3D Printed Implants

A British medical technology company that has developed a new biomaterial for use in 3D-printed medical implants has completed a £ 1.6 million funding round.

Nottingham-based investment 4D biomaterial Guided by DSW Venture Supported by MEIF proof of concept and early stage fund, Part of the Mercia and Midlands Engine Investment Fund, Mercia’s own fund, and managed by existing investor SFC Capital.

The funds will be used to develop a variety of products through partnerships with medical device companies and expand the team by creating five new jobs at MediCity’s facilities.

4D biomaterial‘Product 4Degra can be printed in the exact shape required in the form of an open-cell honeycomb structure and can be used to improve patient outcomes in a variety of applications, including tumor removal in breast cancer patients. As natural tissue grows through the cavities, the structure gradually erodes and is harmlessly excreted by the body. 4Degra may also be useful in recovering from other types of surgery and trauma, such as in a car accident.

4Degra – the only biodegradable 3D printed matter of this type – has been developed for over 15 years by Professor Andrew Dove’s research group at the University of Warwick and the University of Birmingham. The company, which spun out of college last year, has appointed Phil Smith, a proven entrepreneur in biotechnology spinouts, as CEO.

Phil Smith, CEO of 4D Biomaterials, said::

“We are delighted to have DSW Ventures and Mercia join us during this exciting time. With the continued support of SFC Capital and angel investors, our salary increases have been oversubscribed by 60%. We can be in a strong position as we move on to the next step in putting it into the market. “

This investment will be the seventh in the portfolio of DSW Ventures, a venture capital business focused on the UK region. Erie Boardman, Investment Executive at DSW Ventures, commented: “Since the first meeting, I have been very impressed with the team and the product. The technology is constantly evolving and I am pleased to be able to follow the company’s continued progress throughout the investment process. 4D Biomaterials Technology Is truly innovative and believes that he has great expectations for the future of the company. “

Mercia has a strong track record in the healthcare field. Companies that use MEIF funding to help include prosthodontic technology company Adapttech, wound care specialist NuVision, and LocateBio, which is developing new treatments for patients with spinal disorders.

David Baker, Investment Manager at Mercia, added:

“4D Biotech is pioneering a new generation of biomaterials that will benefit patients and medical services as well. It can accelerate healing and eliminate the need for subsequent surgery, such as tissue reconstruction and removal of the original implant. It’s not just about being able to do it. With this funding, the company can find partners around the world. “

Mark Willcockson, Senior Investment Manager at British Business Bank, added::

“We are pleased that this latest investment from MEIF will support new biotechnology in the medical sector. One of MEIF’s main objectives is to innovate and develop new products by companies like 4D Biomaterials. We encourage other companies in the region to consider the financing options available through MEIF. ”

Sajeeda Rose, Chief Executive Officer of D2N2LEP, said::

“We want ambitious companies to have the opportunity to grow and innovate through the Midlands Engine Investment Fund, and we are delighted to see this investment in 4D Bio. The region is known for its healthcare innovation, and this investment will support the growth of 4D Bio and create highly skilled jobs in the community. “

The Midlands Engine Investment Fund project is financially supported by the European Union, using funds from the European Regional Development Fund (ERDF) as part of the European Structural Fund Growth Program 2014-2020 and the European Investment Bank.


About DSW Ventures

DSW Ventures made its first investment in 2018 and is an investor in early stage scale-up businesses that require more than £ 250,000 in venture funding, primarily on an EIS basis. It is funded by a growing network of high net worth angel investors. DSW Venture is a trading style of DSW Venture Capital LLP, which is part of the Dowsco Field Watts Group.

DSW Ventures is a partner of British Business Investments’ £ 100m Regional Angels Program aimed at reducing regional imbalances in early-stage equity finance access for SMEs across the UK. British Business Investments is a wholly owned commercial subsidiary of the British Government’s Economic Development Bank, British Business Bank.

Dow Schofield Watts is an independent advisory and investment group in the United Kingdom, headquartered in Warrington, Cheshire, with offices in Manchester, Leeds, Aberdeen and London.

About Mercia Asset Management PLC

Mercia is an active and professional asset management company focused on helping local SMEs reach their growth goals. Mercia is capitalizing on “Complete Connected Capital”, a group of four asset classes: Balance Sheet, Ventures, Private Equity and Debt Capital. The group initially nurtures its business through managed third-party funding, after which Mercia raises additional funding for the most promising companies by developing additional capital for direct investment from its balance sheet. You will be able to provide it.

The Group has a strong footsteps in the UK through regional offices, 19 university partnerships and an extensive personal network, providing access to high quality trading flows. Marcia currently holds approximately £ 800m in assets under management and has invested more than £ 96m in its FDI portfolio since its IPO in December 2014. Mercia Asset Management PLC is cited by AIM in the epic “MERC”.

The group has raised its own venture capital trust (VCT) and enterprise investment scheme (EIS) funds, and details of the open offer can be found on the Mercia website.

The Mercia Asset Management PLC is quoted by AIM as the magnificent “MERC” and includes the following wholly owned subsidiaries –

  • Mercia Fund Management Limited is approved and regulated by the FCA under company reference number 524856.
  • Enterprise Ventures Limited is approved and regulated by the FCA under company reference number 183363.
  • EV Business Loans Limited is licensed and regulated by the FCA under company reference number 443560.


About Midlands Engine Investment Fund (MEIF)

The Midlands Engine Investment Fund is a debt finance, small business loan, proof-of-concept, and equity finance fund ranging from £ 25,000 to £ 2 million, specifically to help small businesses secure the funds they need to grow and develop. Invest in

The Midlands Engine Investment Fund is operated by British Business Financial Services Limited, wholly owned by British Business Bank, the UK’s National Economic Development Bank. Founded in November 2014, its mission is to make SMEs’ financial markets function more effectively and enable them to prosper, grow and build economic activity in the UK.

The Midlands Engine Investment Fund is supported by the European Regional Development Fund, European Investment Bank, Department for Business, Energy and Industrial Strategy, and British Business Finance Limited, a British Business Bank group company.

MEIF covers the following LEP areas: Black Country, Coventry & Warwickshire, Greater Birmingham & Solihull, Stoke-on-Trent and Staffordshire, Marches, Worcestershire in West Midlands. Derby, Derbyshire, Nottingham & Nottinghamshire (D2N2) Greater Lincolnshire, Leicester and Leicestershire, and South East Midlands in East Midlands.

The project has received up to £ 78,550,000 from the UK European Regional Development Fund as part of the European Structural Fund Growth Program 2014-2020. The Ministry of Housing, Communities and Local Government is the governing body of the European Regional Development Fund. Established by the European Union, the European Regional Development Fund helps the region stimulate economic development by investing in projects that support innovation, business, job creation and the revitalization of local communities. For more information, please visit: www.gov.uk/european-growth-funding..

The funds invested by the Midlands Engine Investment Fund are open to companies in the West Midlands and East & South East Midlands that have or plan to start significant businesses.

The British Business Bank has published a Business Finance Guide (allied with ICAEW and 21 other business and finance organizations). A guide that fairly describes the range of funding options available to businesses and provides links to support available at the local level is available at the following URL: www.thebusinessfinanceguide.co.uk/bbb

About British Business Bank

  • British Business Bank is the UK Government’s Economic Development Bank. Founded in November 2014, its mission is to make SMEs’ financial markets function more effectively and enable them to prosper, grow and build economic activity in the UK. Its mission is to design, deliver, and efficiently manage access for SMEs throughout the UK to the UK Government’s financial programs.
  • British Business Bank’s core program supports around £ 8 billion[1] Loans to nearly 94,800 SMEs[2].. Since March 2020, British Business Bank has also launched four new coronavirus business loan schemes, funding approximately £ 73 billion to approximately 1.6 million companies.
  • Through our program, we strive to increase both the supply and diversity of finance to SMEs in the UK, as well as raise awareness of the financial options available to SMEs. NS British Business Bank Finance Hub Featuring short films, expert guides, checklists, and articles from financial providers, it provides companies with independent and impartial information about financial options to help their applications succeed.
  • In the light of the coronavirus pandemic and EU Exit, the Finance Hub has expanded and is now targeting a larger business audience. We continue to provide information and support for scale-up, high-growth, and potentially high-growth businesses, but now we provide content, information, and products for our survival and recovery mindset businesses. Financial hubs have been redesigned and relocated to reflect this period of economic uncertainty.
  • British Business Bank plc is a public limited company registered in England and Wales with registration number 08616013 and registration offices at Steel City House, West Street, Sheffield and S12GQ. A development bank wholly owned by the HM government. British Business Bank plc and its subsidiaries are not banking institutions and are not operated as such. They are not endorsed or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). The complete legal structure chart for the group can be found at: www.british-business-bank.co.uk

[1] Numbers as of the end of June 2020

2 Numerical values ​​as of January 28, 2021

4D Medicine (t / a 4D Biomaterials) Secures £ 1.6m Seed Investment Led by DSW Ventures – UK Tech Investment News

Source link 4D Medicine (t / a 4D Biomaterials) Secures £ 1.6m Seed Investment Led by DSW Ventures – UK Tech Investment News

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