Belfast-based medtech company Axial3D has raised £3 million (€3.5 million) in additional funding to accelerate growth. This brings total fundraising to date for the company to £6 million, which has developed ground-breaking 3D imaging and printing offerings for the healthcare sector. The company’s solutions were used in more than 200 hospitals last year and it is aiming to add another 500 hospitals in 2021. Chief executive Roger Johnston said Axial3D saw revenues jump by 300 per cent last year despite the pandemic. Co-Fund NI, an equity fund managed by Clarendon Fund Managers, this week announced additional funding of over £16 million to further support SMEs in the North.

Source: The Irish Times March 31, 2021 14:36 UTC