Micrima raises £1.9m in Series A follow-on funding led by Technology Venture Partners
The funding round was led by Technology Venture Partners alongside government backing to support the commercialisation of a new breast scanning system.
Micrima is a breast imaging spinout based in Bristol that develops medical technology for early detection. The company uses radio-wave technology as an alternative to traditional mammography.
Bristol-based medical imaging firm Micrima has secured £1.9m in a Series A follow-on funding round, which is being matched by the UK government Future Fund to bring total financing to £3.8m. The investment was led by Technology Venture Partners, with participation from Angel CoFund, Greenwood Way Capital and Venture Partners. The proceeds will support the commercialisation of the company's seventh-generation MARIA system and the ongoing development of automated findings classification.
The latest round follows initial sales of the radiofrequency breast scanning technology and precedes a full commercial launch. Micrima's device uses radio waves rather than ionising radiation and avoids breast compression, offering an alternative to standard diagnostic methods particularly in dense tissue. The company currently has distribution agreements in place across Germany, Austria and Switzerland.
From the founder
"this investment will allow us to move the company into the next phase with a system that has a place in a clinical workflow and more exciting functionality to come as soon as clinical data collection can re commence"
Nick Randall
Chairman at Micrima
Use of funds
- 01Continue product development
- 02Accelerate go-to-market
Investors
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About the company
Micrima
Micrima develops radio-wave breast imaging technology for clinical use.