Innovation UK > News > Company News > Touch Bionics secures angel loan

Archangel Informal Investment, an Edinburgh-based business angel syndicate, provided the loan alongside the Scottish Co-Investment Fund, an arm of regional development body Scottish Enterprise. Both are equity investors in Touch.

John Waddell, chief executive of Archangel, said: ?Touch Bionics is at too early a stage to attract bank funding in the current market, but the company is profitable and needs additional funds to continue its fast pace of growth.?

In addition to its prosthetic fingers, Touch Bionics has also brought to market a full artificial hand which it claims ?both looks and acts like a real hand?. Last year it acquired Livingskin, a developer of synthetic skin.