The Finaves-backed developer of brain implant technology based on research from University of Manchester has secured series A funding.

Inbrain Neuroelectronics, a Spain-based brain implant technology developer spun out of Catalan Institute of Nanoscience and Nanotechnology and Catalan Institution for Research and Advanced Studies, has secured €14.4m ($17m) in series A funding.
Venture capital firms Asabys Partners and Alta Life Sciences co-led the round, which included CDTI Innvierte, a vehicle formed by the Spanish Ministry of Science and Innovation, as well as Vsquared Ventures, TruVenturo and Institut Català de Finances’s ICF Venture Tech II fund.
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