Cardiff medtech firm Alesi Surgical boosted with £5m equity round

Cardiff-based medtech company Alesi Surgical, which has developed technology to manage smoke created by surgical tools in operating theatres, has raised £5m to support its global growth plans.

The funding round into the Cardiff University spinout company was led by Mercia Ventures and including existing investors IP Group and Panakès Partners.

It brings the total raised by the company to date to over £21m and comes Alesi has secured regulator clearance in the US from the Food and Drug Administration (FDA) for IonPencil - the first surgical tool to incorporate its technology for use in routine surgery and which represents approximately 80% of all surgical procedures.

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The hazards of smoke generated by electronic surgical tools are increasingly being reco