Businesses in Wales

Here we feature the latest equity investments news in Wales

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MEDTECH venture Amotio has been boosted with a six-figure pre-seed funding round.

The £810,000 fundraiser was led by with a £500,000 equity investment from the Development Bank of Wales.

Cwmbran-based Amotio will use the investment to advance technology that will support better postoperative care and recovery times for joint surgery patients. It will also support Amotio with developing Amotio's product research and development leading to pre-clinical testing and regulatory approval.

Using methods pioneered by a team of surgeons and biomechanical engineers in Utrecht, Amotio has developed a new medical device to remove surgical cement during hip operations. The development bank's investment includes £350,000 from the Technology Seed Fund and £150,000 from the Wales Flexible Investment Fund.