Suturion AB to raise SEK 14 million from investors from Sweden.

Suturion, a Lund, Sweden-based medical manufacturer of a post-surgery sewing machine, announced the completion of a SEK 14 million ($1.7M) capital funding round.

The money was raised from investors from Sweden, including Almi Invest and Albin Invest.

Pia Renaudin, Anna Gisselsson of Almi Invest, Christian Söderholm of Albin Invest will join the board of directors.

Suturion AB, founded in 2018 by Gabriel Börner, Mats O. Christensson and LU Holding AB, is developing and evaluating a sewing machine for long surgical suture lines.

The machine facilitates for surgeon adherence to best practice principles of abdominal closure which is essential to lower the risk for incisional hernia and also reduces abdominal closure time and minimizes the risk for sharp injuries.

Suturion has started the regulatory investigation towards CE-marking and FDA-approval as the pre-clinical research provided proof of concept. It aims to conduct a clinical trial in 2022.