Neoss secures £5.5 million of investment
Dateline: 9 January 2009
Neoss, a dental implant provider, has secured £5.5m in additional financing largely from its existing major shareholders.
Neoss, a dental implant provider, has secured £5.5m in additional financing largely from its existing major shareholders: London-based venture capital firm MMC Ventures, Delta Partners and Medtronic Inc., alongside a number of high-net-worth individuals.
These funds will primarily be used for research and development and continued global sales network expansion, according to a statement.
Michael J Dormer, chairman of Neoss, said, "We are exceptionally pleased with the ongoing confidence of our existing shareholders as we successfully grow Neoss toward becoming a major company in the dental implant field."
Based in Harrogate, UK, Neoss was founded by Professor Neil Meredith and Fredrik Engman to develop a dental implant system for replacing missing teeth. They created a patented system with a minimum number of components.