The Phase II grant from SBRI Healthcare will fund pre-clinical safety and efficacy studies for regenerative cartilage treatments.
"We select projects strategically based on both commercial and scientific considerations and are delighted with the progress of this collaboration with Dr. Wael Kafienah’s laboratory at the University of Bristol. The continued support for our lead musculoskeletal asset from SBRI Healthcare has not only allowed us to reach this phase but will enable us to carry the chondrocyte conversions through to the next stage."
The Lancashire-based lead generation firm secured the debt financing to establish a new office and increase marketing spend.
"At GC Business Finance, we are passionate about helping growing businesses to really establish themselves in the market. Get Work has developed at an extraordinary pace in which we have been really impressed and its recent partnership with Google shows their credibility and growth potential. We fully believe in Get Work and their online platform and hope that with our funds they can scale up their operations and help even more tradespeople across the country."
The investment was provided by Sam Patel of Day Lewis to support the expansion of the digital redbook application.
"We are delighted to be supporting Team Nurturey. As parents ourselves, we really connect with the digital redbook concept to make parents’ lives easier and to improve health outcomes for children. We’re thrilled to be part of Nurturey’s journey and look forward to seeing the positive impact Nurturey will have on the lives of children."
The latest private funding brings the company total past £5m and values the business at £23m.
"With our inaugural banking and airline partners confirmed, and unwavering interest from hotels around the world to join our platform, this new capital will help us fully release the commercial potential of Upgrade Pack in 2020 and beyond. Alongside launch, our near-term focus will be on expanding our APAC commercial and marketing teams in Singapore and opening our North American operation in Toronto."
