Touch Bionics develops prosthetic technologies and supporting services aimed at improving outcomes for people with upper limb deficiencies. The company is based in Livingston, UK and Hilliard, OH, USA and is led by newly appointed CEO Ian Stevens. Last month it unveiled the i-limb ultra (an upgraded prosthetic hand), virtu-limb (a prosthetic training and simulation tool) and a living image system for capturing the colour and appearance of silicone prostheses. Touch Bionics plans to use the new funding to increase its sales infrastructure and continue development of new and existing products. The article reports the company has raised £2.5m in new funding. No revenue or user metrics are provided in the article. Touch Bionics is a Livingston, Scotland–based developer of advanced upper-limb prosthetics. Its product range includes LIVINGSKIN high-definition cosmesis, ProDigits bionic fingers, and the i-LIMB Hand full-hand prosthesis with fully articulating fingers. The company reported a successful December launch of its ProDigits bionic fingers and planned accelerated expansion in response. To support that expansion, Touch Bionics received a £800K loan from members of Archangel Informal Investment Ltd. Scottish Enterprise’s Scottish Co-investment Fund joined Archangels as a co-investor in the loan. The funding is intended to enable the company to scale following the ProDigits launch.

Total raised

$5M

Funding rounds

2

Latest round

Equity

Latest activity

Oct 2011