Europe’s largest private financing round in the medical technology sector
Financing will fully support the global commercial scale up of the business to deliver the Versius® surgical robotic system to hospitals around the world
Cambridge Innovation Capital (CIC), the venture capital investor enabling visionaries to build global, category-leading companies in the Cambridge ecosystem, has participated in the £195 million ($240 million) Series C funding round raised by CMR Surgical, the Cambridge-based company developing, manufacturing and marketing the next-generation surgical robotic system, Versius®. CIC was an early investor in CMR Surgical having first invested in the company’s Series A round in 2016. It has continued to provide financial support and guidance, enabling the realisation of the potential of the Versius® system.
The proceeds will be used to drive the next stage of CMR Surgical’s growth, including the planned commercialisation of its Versius® system whilst supporting continued research and development, manufacturing and expansion. CMR Surgical is expected to launch in hospitals across Europe and Asia imminently with further international expansion expected thereafter. Biomimicking the human arm, the Versius® system provides dexterity and precision to surgeons. In addition, the versatility and affordability of the system means it can be used across a wide range of minimal access surgery (MAS). CMR Surgical aims to make MAS universally accessible, rapidly increasing the number of robotic-assisted procedures that take place globally.