Feb.13, 2014
Liverpool-based company Fusion Implants which makes 3D printed implants to help injured dogs to walk has received a six-figure investment from venture capital firm Enterprise Ventures.
Launched in 2013, Fusion Implants, a spin-off from the University of Liverpool, has developed a way to manufacture high-performance veterinary implants from titanium using 3D printing. The firm's device, used in canine knee reconstructions to cure lameness and restore mobility in dogs, is already being sold to veterinary practices in the north west.
Dr Dan Jones, General Manager, said: "The use of 3D printing gives greater design freedom than conventional manufacturing techniques and also allows us to combine solid and porous sections for optimum strength and biological performance."
The company will use the funding to boost its current product, hire a design engineer and finance further product development.
Doug Stellman of Enterprise Ventures, which manages The North West Fund for Venture Capital, said: "3D printing is a disruptive technology which could radically change supply chains in many industries, not just the medical sector.
"It is important that the North West, with its strong manufacturing heritage, takes full advantage of this new technique. Providing companies with finance to invest in new products and equipment is a key part of that."
Fusion Implants expects to launch its new device nationally in the coming months.
It is the second 3D printing business that The North West Fund for Venture Capital has backed in recent weeks. In January, the fund joined Enterprise Ventures' Lancashire Rosebud Fund in a £860,000 investment in UK-based 3D printing company FDM Digital Solutions.
Posted in 3D Printing Applications
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