Leeds University and IP Group take part in a $6.4m round for medical imaging company Quantum Imaging to support commercialisation efforts.
Quantum Imaging, a UK-based medical device company spun out of Leeds University in 2014, has raised £4.6m ($6.4m) in a series A round backed by Leeds and investment firm IP Group.
Members of the company’s management team and other undisclosed investors also participated in the round.
Quantum Images develops medical technology that uses quantum principles to provide rapid detection of potentially life-threatening medical conditions.
The company’s offerings include Quantum Vitalscan, which uses imaging technology to scan a patient’s heart in between three to five minutes. The technology can be used to rapidly triage patients experiencing heart pain in accident and emergency rooms.
The funding from the series A round will be used to commercialise the company’s products.
IP Group previously provided £1.6m in funding in 2014.
Steve Parker, chief executive of Quantum Imaging, said: “The timing and size of this investment is important to the company as it allows us to fully commit to an aggressive product and platform development and clinical research strategy whilst building a high quality team and facilities.”
