Higgs & Sons has supported Adapttech on the deal.
Adapttech secured the funding, which will be used for new product developments and to drive sales of the company’s INSIGHT system.
The £2m funding round was supported by existing investors Bionova Capital, and the MEIF Proof of Concept & Early Stage Fund, an arm of the Midlands Engine Investment Fund. The round also saw new investors including ACF investors, Wealth Club, and Wren Capital.
Adapttech develops smart and wearable technologies to help people with physical limitations improve their quality of life.
INSIGHT combines a 3D scanner, sensors, wearable technology and a mobile app to help those wearing prostheses.
Jamie Partington (Picture), partner at Higgs & Sons, led the team advising on the deal.
Involved fees earner: Jamie Partington – Higgs & Sons;
Law Firms: Higgs & Sons;