Investment

Video retinal imaging specialistEpipolehassecured £1.5min new funding to prepare for introduction into the United States ophthalmic imaging market.

The financing was led by new investor Greenwood Way Capital with the Scottish Investment Bank, the investment arm of Scottish Enterprise, also participating.

Epipolealso announced the appointment of Ian Stevens as Chairman.

Founded by Dr Craig Robertson and award-winning optical engineer Bob Henderson in 2011,Epipoleis a registered medical device business which designs, manufactures and markets portable video retinal imaging technology.

辱DZ’stechnology enables clinicians to scan the retina using real-time video and then extract highquality images for further examination.

Retinal camerashavetypicallybeenlarge and costly desktop systems, butEpipolesaidit canrevolutionise the sectorwitha newportabledesign.

“We’ve worked with ophthalmologists to test and refine features andcapabilities, andwill use this funding to implement the key changes needed,” said Dr Craig Robertson, founder and CEO ofEpipole.

“We will have a particular focus on the US primary care optometry and ophthalmology markets, and plan to have product available by early 2021.”

“I am pleased to welcome Ian Stevens as chairman,” added Robertson. “His broad commercial experience and specific expertise in retinal imaging will be valuable to us as we introduce our products to the eyecare market.”

The new appointmentis an experienced technology industry executive, holding CEO positions at Scottish businesses Touch Bionics,MpathyMedical andBioFilm.

Previously, he spent nine years at leading retinal imaging companyOptos, initially as CFO and then as General Manager of its North American business.

“There is a tremendous opportunity for handheld and truly portable fundus cameras that are easy to use and combine high quality imaging with attractive pricing,” said Stevens.

“I am delighted to join the company and look forward to working with Craig and his team as we seek to transform ophthalmic imaging with our new technology.”