Veryan Medical raises £3.1 million

Veryan Medical, a developer of devices to improve the long-term medical care of patients with vascular disease, has raised £3.1 million from a second funding round.

The funding was co-led by existing investors Oxford Capital Partners, Imperial Innovations and NESTA. The proceeds will be used to develop new products.

Veryan’s legal adviser was Alexander Paterson, a partner at Dorsey & Whitney, who has advised the company since it was established in 2003.

“The deal involved the usual challenge of meeting client expectations to finalise the legal documents in tight timescales, to get the new money on board as soon as possible,” Paterson said. “Overcome by dedication to task and long hours.”

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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