Creavo Medical Technologies, a UK-based medical device manufacturer based on University of Leeds research, today collected £13.4m ($17.5m) in an oversubscribed round from investors including commercialisation firm IP Group.

University of Leeds also participated in the round, as did investment firm Parkwalk Advisors, venture capital firm Puhua Capital and the IP Venture Fund II, a £30m venture capital fund backed by IP Group and the European Investment Fund, the investment unit of the EU-owned European Investment Bank.

A range of…