Wound-management company FeelTect eyes US market after raising €1.5m

FeelTect chief executive Dr Andrew Cameron noted the “the challenging nature of the current economic environment for investment” which has hit many early stage companies looking for funds to fuel growth amid an inflationary and high interest rate environment that has been spooking investors.

Co-founders Dr Andrew Cameron and Dr Darren Burke of Feeltect. Pic: Andrew Downes, xposure

Wound-treatment technology company FeelTect raised €1.5m in funding for international expansion and job creation in the West.

The Galway-based MedTech company said it will mainly use the money for a US and Europe commercial launch and clinical validation of its Tight Alright wound treatment monitoring product, which is used to treat leg ulcers.