• Sun. Apr 21st, 2024

Scottish Investment Bank Boosts Calcivis Dental Technology Rollout with £5 Million Funding Round

BySamantha Jones

Apr 3, 2024
£5m in funding support allocated to dental technology aimed at preventing tooth decay

Edinburgh-based Calcivis has recently secured £5 million in funding to support the rollout of its dental technology for the early detection of tooth decay. The funding was led by the Scottish National Investment Bank, which provided £4 million, along with an additional £1 million from IFS Maven Equity Finance managed by Maven Capital Partners. This investment will allow Calcivis to bring its flagship product to the US market following premarket approval from the FDA.

Founded in 2012 by CEO Adam Christie and CTO Bruce Vernon, Calcivis’ imaging system uses a biologic diagnostic to enable preventative treatment before tooth decay becomes irreversible. The company plans to introduce its product in the US first, with subsequent launches planned in the UK and other European markets.

Adam Christie highlighted the importance of early diagnosis and treatment of tooth decay, emphasizing the potential for the technology to revolutionize preventive oral healthcare. The World Health Organization reports that cavities impact over two billion people globally, underscoring the significance of innovative solutions like Calcivis.

Paul Callaghan, investment director at the Scottish National Investment Bank, praised Calcivis for its cutting-edge technology that enhances health and wellbeing. He expressed pride in supporting the company’s expansion into international markets, creating job opportunities in Scotland. The bank sees Calcivis’ technology as aligned with its innovation mission and anticipates significant health benefits for people in Scotland from the product’s launch in the UK.

By Samantha Jones

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