South East Angels investment poised to propel Siloton to next stage
Sussex based angel investor group South East Angels has recently invested in medtech group Siloton, which is based in Bristol and is looking to transform treatment for age-related macular degeneration (AMD).
The condition impacts 25% of people over the age of 60 and the tech firm is developing an at home diagnostic device, which it says, reduces the burden of treatment, alleviating pressure on healthcare systems and help patients retain their sight for longer.
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At the core of its technology is a so-called photonic integrated circuit (PIC), which allows Siloton to compress large, expensive and fragile optical components onto a single piece of material smaller than a £1 coin.
The ability to fabricate at wafer-scale means devices can be mass-manufactured at low cost, while each chip provides a reliable platform upon which new technologies can be developed.
South East Angels has led Siloton's £1 million seed round of investment, to fuel the company's development and deployment of its core product, at home and abroad, and help realise its potential to save the NHS half a billion pounds each year.
"This company sits at the heart of what our group cares about most: creating positive impact, investing in cutting-edge technology, and backing exceptional founders," said Kristina Pereckaite, managing director of South East Angels.
"We’re pleased to have our group leading this round to help propel the company through its next stage of development.
"We are excited about the positive impact Siloton's technology will have on the health of individuals globally and its ability to make a meaningful difference in healthcare."
Dr. Alasdair Price, the CEO of Siloton, added: "South East Angels are a highly-motivated group of investors, whose focus on positive impact through cutting-edge technology makes them the perfect match for Siloton.
"We're delighted to have them on board and are excited to be working with them going forward."
Formed in late 2020, South East Angels has gained recognition in the region as an exclusive members club for individuals and offers more than just traditional angel network services.
South East Angels has gained recognition in the region as an exclusive members club for successful individuals and offers more than just traditional angel network services.
Its business model blends start-up investment opportunities with learning and socialising, which, it says, has resonated with high-net-worth individual angels in the region.
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