Birmingham biomedical startup announces £2.25m investment to develop prosthetics

A Birmingham biomedical startup has announced it has raised £2.25m to develop prosthetics for lower-limb patients and improves outcomes.

Adampttech will use the funding from investors, including Mercia Asset Management and ACF Investors, to further develop smart, wearable technologies to help people with physical limitations improve their quality of life. The company is the first to combine 3D scanning with dynamic pressure data, providing time and cost efficiency benefits to orthotics and prosthetics (O&P) clinics and their patients.

The company’s flagship product, the INSIGHT system, has also been upgraded into a full product range, with several new options for orthotics and prosthetics professionals, including INSIGHT Digitizer:, a standalone digitizer for prosthetic sockets that creates high-resolution 3D models.

Frederico Carpinteiro, CEO, Adapttech, said: “With the new INSIGHT Range, we’re responding to requests for a scanner-less system, reduced hardware costs, and improved data collection.

“This new funding comes at a time when we are developing exciting new technologies to benefit our O&P clinic customers and their patients. We look forward to continuing our trajectory in growing our revenues, product portfolio, and international business operations.”

Stephen Windsor, investment director at Mercia, commented: “Adapttech brought its first product to market during 2021, successfully securing a number of sales.

“We are delighted to be supporting the team with a follow-on investment to continue to scale the business and build out the product portfolio.”

Paul Fauset, partner at ACF Investors, added: “The unique IP at the heart of Adapttech’s products means there is a great opportunity for the company to become a leader in the orthotics and prosthetics industry, with smart technologies that are improving the quality of life for users.

“This latest round of funding builds on the team’s success and we look forward to seeing the business grow as it accelerates product development.”