Ground-breaking medical blood treatment passes £1.75 million in funding
MediSieve
Ltd, the team behind an innovative blood filtration device, are happy to
announce the company has received over £1.75 million in funding.
The cash influx has come from a mix of both old
and new investors – reflecting the growing confidence in the potential of the
device. The medical device company is best known for their magnetic blood
filtration technology, a revolutionary new approach to targeting blood-borne
diseases by magnetically filtering specific disease-causing components from the
bloodstream. The device is being tested for the treatment of Malaria, Sepsis and
Leukaemia.
As part of the latest funding round the private capital network 24Haymarket invested £632k with Marek Gumienny (Director of 24Haymarket) joining the board of MediSieve as a Non-Executive Director. This investment will contribute greatly to the further research and development of the company, providing a strong potential partner and source of capital to the company for the future.
Dr George Frodsham, founder and CEO of MediSieve explained, "This investment represents a watershed moment for MediSieve, and gives us the resources required to move forward with our product development and commercialisation over the coming years. We are very pleased to have found investors who will be actively involved in supporting the company as we grow, and who share our vision of a future where we can provide doctors with the ability to clean a patient's blood and treat a variety of blood-borne diseases. The best investors bring more than just funds, and I am very excited to have them join us on the journey. This is going to be a very exiting period of growth and development for MediSieve”.
Commenting on the investment, Marek Gumienny at 24Haymarket said “MediSieve is an excellent example of the type of businesses 24Haymarket is proud to back. We have an outstanding founder and entrepreneur in George Frodsham and potentially a global game changer in the treatment of such devastating diseases such as malaria and sepsis”.
As
part of the team’s rapid period of growth, they have relocated operations to
new offices and laboratories at the Imperial College London Translation &
Innovation Hub (I-HUB). This suite of biotech-focused facilities and projects
is part of the institution's facilities and support for science companies and
their research.
The company says the move has hugely increased
their research and development capability as on-site access to high-tech and
well-equipped laboratories mean that they are working much quicker and
cost-effectively.
MediSieve’s vision for the future of healthcare is a world where doctors are able to target and remove infected cells, pathogens, toxins, or even viruses directly from a patient’s bloodstream. The ability to precisely extract unwanted disease-causing substances in this way would revolutionise the treatment of deadly blood-borne diseases, benefiting patients and clinicians around the world.
Further information
For media enquiries or any questions about the investment, please
contact:
George Frodsham MediSieve
Paul Tselentis 24Haymarket
+44 (0)7760810092
Notes to Editors
For further information about MediSieve
About 24Haymarket
24Haymarket is a premium deal-by-deal investment platform focused on
high-growth businesses, investing up to £5 million in any particular company.
24Haymarket’s Investor Network includes several highly-experienced private
equity and venture capital investors, seasoned entrepreneurs and senior
operators. We invest our own capital in direct alignment with entrepreneurs and
typically seek board representation to actively support their growth agenda.
Since inception in 2011, 24Haymarket has invested in more than 50 high-growth
businesses.
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