Medical start-up gets €1.6m capital

MEDICAL start-up company neoSurgical has secured €1.6 million syndicated investment led by Kernel Capital.

Minister for Jobs, Enterprise and Innovation Richard Bruton yesterday announced a €1.6m investment in neoSurgical Ltd led by Kernel Capital.

The syndicated investment comprises a €500,000 investment by the Bank of Ireland MedTech Accelerator Fund, with the rest of the funds coming from Enterprise Ireland and a number of private investors including “experienced promoters” from the Irish Med Tech industry.