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Neoss secures GBP5.5m in additional financing

Neoss, a North Yorkshire-based company in the dental implant healthcare marketplace, has completed a further financing round raising GDP5.5m (USD8.2m).

Neoss, a North Yorkshire-based company in the dental implant healthcare marketplace, has completed a further financing round raising GDP5.5m (USD8.2m).

The financing is largely from its current major shareholders, MMC Ventures, Delta Partners and Medtronic, together with a number of high net worth individuals.

The funds will primarily be used for research and development and sales network expansion.

Michael J Dormer, chairman of Neoss, says: "We are exceptionally pleased with the ongoing confidence of our existing shareholders as we successfully grow Neoss toward becoming a major company in the dental implant field.’

Neoss was founded by Professor Neil Meredith and Fredrik Engman to develop a dental implant system for replacing missing teeth. 

Dental implants are titanium ‘roots’ that are placed into the jawbone to support a crown to form an artificial tooth.

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