Funding

[Funding alert] Scotland-based Carcinotech Secures £4.2Million in Funding

Jan 29, 2024 | By Startup Rise EU

Scotland-based Carcinotech secures £4.2million in funding. Leading the round were Eos Advisory, Scottish Enterprise, Old College Capital, Investing Women Angels, SIS Ventures, TRICAPITAL, Gabriel Investment Syndicate, and Alba Equity, as well as the Investment Fund for Scotland (IFS), which is managed by Maven Capital Partners.

Scotland-based Carcinotech secures £4.2million in funding. Leading the round were Eos Advisory, Scottish Enterprise, Old College Capital, Investing Women Angels, SIS Ventures, TRICAPITAL, Gabriel Investment Syndicate, and Alba Equity, as well as the Investment Fund for Scotland (IFS), which is managed by Maven Capital Partners.

The money will be used by the business to increase operations and R&D. headed by CEO and Founder Ishani Malhotra.

With the help of Carcinotech's Carcino3D product, which uses cells from patient biopsies and blood samples to create 3D printed microtumours that accurately mimic the tumor microenvironment, more ethical drug screening can be completed more quickly and more potent cancer treatments can be brought to market.

RECOMMENDED FOR YOU

recomd
Funding
SkyCell funding news – Pharmatech Company SkyCell Secures $116Million in Series D Round Funding
Startup Rise EU
Jun 25, 2024
recomd
Funding
Condense funding news – Bristol-based Condense Secures £500k in Funding
Startup Rise EU
Jun 19, 2024
recomd
Recent Articles
E-scooter Startups TIER and Dott Joint Forces
Startup Rise EU
Jan 11, 2024

Read also -  Netherlands-based Tidal Control Secures €500K in a Pre-Seed Round Funding

Ishani Malhotra said: “Our vision is to be at the forefront of cancer drug testing and provide personalised medicine testing to every individual suffering from cancer to improve their treatment and chance of survival. Working with global partners, leading pharma companies, surgeons, pathologists, and clinicians, Carcinotech aims to significantly accelerate oncology drug development.”

About Carcinotech

This MedTech startup, Carcinotech, specializes in 3D printed micro-tumours made from cancer stem cells, primary cells, immune cells, and patient-derived biopsies. Carcinotech's sophisticated models offer a platform for pre-clinical and customized medicine testing, as well as quick, moral, and accurate drug screening.

Read also - Amsterdam-based Send AI Raises €2.2Million in a Pre-Seed Round Funding

Recommended Stories for You

story

[Funding alert] Ukrainian-based Eurotrips Secures €260k in Funding

Startup Rise EU Apr 5, 2024

story
Recent Articles

[Funding alert] Berlin-based DUDE CHEM Secures €6.5 Million in Seed Funding

Startup Rise EU Feb 7, 2024

story
UK

[Funding alert] London-based Tech Nation is Relaunching with £10 billion in Private Investment

Startup Rise EU Oct 17, 2023

story
Funding

Digital Fertility Care Provider Ovom Care Raises €4.8 Million in Seed Funding – FUNDING NEWS

Startup Rise EU Apr 30, 2024

story
Funding

[Funding alert] Paris-based The Mobile-First Company Secures €3.5 Million in Pre-Seed Funding

Startup Rise EU Mar 29, 2024

story
Funding

Vertus Energy funding news – Vienna-based Vertus Energy has Secures €8.75 Million in Seed Funding

Startup Rise EU Jun 27, 2024