Envestors contributed £450,000 to the round after seeing the company’s pitch at its Next Big Thing event in July 2010.
The investment round will enable the company to launch its OnPulse product, a self-adhesive strip that sits behind the knee and stimulates muscles in the calf and foot.
The technology is designed to combat deep vein thrombosis (DVT) – the formation of a blood clot in a vein – by improving blood flow. The DVT device market is worth around $1.6bn (€1.15bn), according to the company.
Sky Medical, a UK medtech company, has secured a £2.5m (€2.94m) funding round from the business angel network Envestors among other investors.
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