Tekcapital investee valued at US$5.25mln by new funding

25 Oct 2016 | Proactive Investors

Tekcapital investee valued at US$5.25mln by new funding

Abstract: Tekcapital PLC (LON:TEK) investee Belluscura has concluded an oversubscribed US$675,000 funding, valuing the whole company at US$5.25mln.

AIM quoted Tekcapital owns 65% of Belluscura following the equity funding.

Belluscura, a specialist in affordable proprietary medical devices, will use the cash as it works to meet regulatory, safety and quality requirements as it seeks CE Mark certification in Europe.

Contact:

(UK) Walbrook PR Limited: Tel. +44 (0) 207 933 8780

About Tekcapital – The World’s Largest University Network for Open Innovation
Tekcapital helps clients profit from new, university-developed intellectual properties.
With our proprietary discovery search engine, linked to 4,000+ universities in 160 countries, coupled with expert scientific review, we provide a turn-key service to make it easy for clients to find and acquire the IP they need to create a competitive advantage.

www.tekcapital.com