Particle 3D announced a £2.5 million capital raise through West Hill Capital
Particle 3D, an Odense, Denmark-based biomedical company providing 3D-printed bone implants for use in reconstruction of human bone, announced the completion of a capital investment round of £2.5 million ($3M).
The money was raised through West Hill Capital and was heavily oversubscribed. The proceeds will be used to establish the production line for the P3D Bone and get the product ready for market and to build the sales and marketing platform for the P3D Scaffolds.
Particle3D, founded in 2017 by Casper Slots and Martin Bonde Jensen and led by CEO Thea Wulff Olesen, developed a disruptive and patented technology to be used to produce and supply P3D Bone; 3D printed patient-fitted, degradable bone implants that remodel into real living bone. The first research products have been launched, the P3D Scaffolds, bringing natural bone environments into laboratories.