January 28, 2014
Seed Financing and Incorporation
January 28, 2014
Seed Financing and Incorporation

Cambridge Medical Robotics Ltd, the private company developing a next-generation system for universal minimal access surgery, today announces the successful completion of its Seed Financing.

Cambridge Medical Robotics

Patrick Pordage

Head of Marketing

T: +44 (0) 1223 755 388

Seed finance has been provided by Escala Capital to finance CMR beyond its engineering prototype, to establish the required infrastructure and to expand the team. Per Methi joins the Board of the Company representing Escala Capital.

Martin Frost, CEO and co-founder, commented: “We are delighted to announce the completion of the Seed finance with Escala Capital AS which will be sufficient to finance CMR through its key early milestones and pleased that we will be working with Per Methi, a serial entrepreneur in his own right.”