Cell Guidance Systems, a Cambridge, UK-based provider of products and services for stem cell scientists, raised £242,800 in equity crowdfunding.
A total of 139 people acquired a 12.14% stake in the company via Crowdcube, which has now helped over 70 British businesses to raise a more than £14.5m in total.
The company intends to use the funds to increase marketing, product development and product licensing activities and recruiting additional R&D staff.
Founded in 2010 and led by Dr Michael Jones, Cell Guidance Systems makes innovative research tools that aim to simplify and accelerate the activities of scientists developing stem cell treatments and undertaking medical research.
Its products and services improve methods for tasks such as exosome purification, which are traditionally very time consuming, inefficient and expensive.
The company has 200 customers in more than 20 countries.
FinSMEs
30/10/2013