Since December 2015, VentureFounders successfully supported Cipher Surgical in raising £4.9m through 3 equity raises. In December 2017, VentureFounders investors invested in a third £2m round alongside angels and a new strategic investor.
The company’s OpClear® device uses a patented technology to keep a laparoscope's lens clear of contaminants (condensation, blood, tissue, fluids etc.) during an operation, without removing the scope from the patient.
The proceeds of this fundraise are being used for working capital to support the completion and launch of OpClear in Europe and obtain FDA approval.
The company is led by Andrew Newell (MD) who has worked as a venture capitalist for over 23 years, specialising in intellectual property, most recently within the healthcare field.