PolyActiva sees clearly with $11.5m

Sep 6, 2018 •

Australia-based ocular implant developer PolyActiva has secured A$16m ($11.5m) in a round co-led by the Australian government-backed Medical Research Commercialisation Fund (MRCF) and VC firm Yuuwa Capital, Australian Financial Review has reported.

The remaining investors have not been named. MRCF is managed by Brandon Capital to advance technologies from Australia’s medical research institutes and affiliated research hospitals.

PolyActiva was founded in 2011 as a joint venture between Commonwealth Scientific and Industrial Research Organisation, Centre for Eye Research Australia and Bionic…

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