Penningtons Manches advises Oxford Endovascular on latest funding round

Published by

Nicky Godding

Law firm Penningtons Manches Cooper has advised Oxford Endovascular, an Oxford-based medtech company spun-out from Oxford University, on its Series A funding round.

The funding round, which closed at US$10 million, was led by new investors Vulpes Investment Management and included existing investors Oxford Sciences Innovation PLC, Parkwalk Advisors and the University of Oxford with other private and institutional investors also following on.

Oxford Endovascular is working to develop a device to treat brain aneurysms. The funding will further enable them to complete development work and gain first in-human data through an early feasibility clinical study.

Penningtons Manches Cooper has advised Oxford Endovascular on a range of legal matters including its September 2020 special pandemic investment from EIT Health. Corporate senior associate Attilio Leccisotti, who has advised Oxford Endovascular since its establishment, led the team on this transaction, working with corporate partner James Went.

Nicky Godding

Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe. After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts. She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.