Medtech spin-out Saluda Medical receives $5m backing from the New South Wales Government.

National ICT Australia (NICTA) spin-out Saluda Medical, which provides relief to chronic pain sufferers, has received $5m from the New South Wales Government (NSWG).

The funding comes via the NSWG’s Medical Devices Fund, specifically set up to nurture new medtech technologies through to and beyond commercialisation.

The Australian-based spin-out, founded earlier this year, adds the $5m to a private investment of the same size made in the company when it was started.

Saluda offers chronic pain sufferers who are treated…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.

Not sure if you have a subscription?