Novosound is the first spin-out company to emerge from the University of the West of Scotland. We were the winners of the 2017 Converge Challenge, and have developed and patented a ground-breaking technique to mass-manufacture printable ultrasound sensors. The revolutionary method overcomes the limitations of existing technology, improving a manufacturing process, which hasn’t majorly changed in more than 40 years.
Novosound closed its seed investment round in April 2018 raising £1.5 million.
The investment was led by Par Equity, the Edinburgh-based venture capital firm which has a strong track record in investing in early stage companies, as the lead investor, and co-invested by Kelvin Capital, the Glasgow-based venture capital firm. Further investment was secured from Gabriel, the Scottish Investment Bank, the EOS Technology Investment Syndicate and Investing Women
The investment will drive novosound’s growth plan, allow it to expand its already-experienced team, and bring its cutting-edge ultrasound sensors to market.