Medical device maker Loci Orthopaedics raises €13m

Loci Orthopaedics was founded by Gerry Clarke and Dr Brendan Boland as a concurrent spin-out from the University of Galway, University College Cork and KU Leuven in Belgium

“This funding will enable us to expand our clinical programs, submit regulatory approval applications in the US and EU and accelerate our efforts towards future commercialisation,” said co-founder Dr Brendan Boland. Picture: Andrew Downes

Medical device manufacturer Loci Orthopaedics has secured funding from Johnson & Johnson Innovation among other investors.

The company closed an oversubscribed €12.8m early-stage financing round that also attracted backing from life sciences venture capital firm Seroba and the European Innovation Council (EIC) Fund.