Leo Cancer Care: Series C Funding Secured for Expansion
Leo Cancer Care, a Horley, UK-based company developing medical devices, recently announced that they have secured an undisclosed amount in Series C funding. This round of funding was backed by investors such as McLaren Health Care Corporation, Cone Health, Wisconsin Alumni Research Foundation, Macmillan Cancer Support, and Aviko Radiopharmaceuticals. The company has exciting plans to utilize these funds to expand into the Asian markets, with a focus on countries like Singapore, Japan, and South Korea where they are actively working on establishing a commercial presence and building teams. This strategic move will help Leo Cancer Care reach a wider customer base and propel their innovative products into new markets.
Headed by CEO Stephen Towe, Leo Cancer Care is a radiation therapy company that offers a range of products designed to streamline and improve the efficiency of cancer treatment.
Their patented upright patient positioning and CT imaging system, known as MarieĀ®, is at the forefront of their innovative solutions. Utilizing a fixed radiation beam and slowly rotating patients to different angles during treatment, MarieĀ® eliminates the need for traditional gantry equipment while still delivering 360 degrees of beam angles. This revolutionary approach significantly reduces spatial footprint and costs, especially beneficial for proton therapy and carbon ion therapy. Patients also benefit from being able to remain in an upright position during treatment, enhancing their comfort and sense of control over their care.
In response to the successful funding round, Stephen Towe expressed his excitement for the future of Leo Cancer Care. He emphasized how this investment will serve as a crucial milestone for the company, enabling them to expand their operations and establish a solid infrastructure to support their products in various locations worldwide. The additional funding will not only facilitate growth but also help Leo Cancer Care develop a global footprint, further solidifying their position as a leader in radiation therapy innovation.
They've invested in Leo Cancer Care
Get to know these Healthtech investors
| # | Investor | Sector | Stage | Activity | Team | Connect |
|---|---|---|---|---|---|---|
1 |  McLaren Health Care Corporation | investment(s) investment(s) | more info | |||
2 |  Cone Health | investment(s) investment(s) | more info | |||
3 |  Wisconsin Alumni Research Foundation | investment(s) investment(s) | more info | |||
4 |  Macmillan Cancer Support | 3 investment(s) investment(s) | more info | |||
5 |  Aviko Radiopharmaceuticals | investment(s) investment(s) | more info |
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