Gradientech secures $9 million in oversubscribed investment round
Innovative Swedish diagnostics company Gradientech announces closure of an oversubscribed financing round totalling $9 million (SEK 80 million). The round was executed by a combination of existing shareholders and several new investors appointed by Swedish financial advisor, Redeye. Bird & Bird Lawyers acted as legal advisors."We are thrilled to have successfully completed this financing round in order to finalise the development and initiate a market introduction of our QuickMIC® diagnostic system," says Dr Sara Thorslund, CEO and co-founder of Gradientech. "The round was oversubscribed by