10MD attracts private equity

Ten Medical Design AB (10MD) has raised 1M SEK in a funding round to a few selected private investors and Almi Företagspartner AB, owned by the Swedish government. The funding will primarily be used to finalize the development of TeXray.

Ten Medical Design AB (10MD) is a medical technology company committed to providing innovative products to healthcare professionals. In October 2015, 10MD was granted its first patent approval for the attenuating material TeXray. TeXray is capable of reaching industry standards of X-ray attenuation within the range of 30-150kV, while enabling design of ergonomic and hygienic personal protection equipment. TeXray is expected to reach the market in 2018.

"I am pleased to announce that one of our new owners, Mr Uri Peleg, has accepted to become a member of the board. Mr Peleg´s extensive background in finance and strategic development at Volvo is valuable for 10MD," says Mr Leif Brodén Chairman of the Board.

* TeXray is a trademark of Ten Medical Design AB.

Leave a comment

Please note, comments must be approved before they are published