OSspray, the emerging specialty dental company leading innovation in air polishing, today announces the completion of a £3m/$6m fund raising. The Series A round led by Imperial Innovations Group plc provides funds to support the launch of its innovative bioactive air polishing powder in Europe and the USA and the development of an extensive portfolio of cleaning, whitening, desensitising and remineralising powders based on its core bioactive glass technologies.
John Holden, Director of Investments at Imperial Innovations, said “We are delighted to lead this fund raising and to support OSspray, a joint Imperial/ Kings College spin out. With its strong technology position and clear routes for commercialisation it is typical of the opportunities Imperial Innovations is keen to invest in.”
Participants in the round include Imperial Innovations, NESTA Investments, The Capital Fund and ARC Intercapital. As a result of the funding John Holden and Anthea Harrison, Investment Director NESTA will join the Board of OSspray. George Murlewski, Incubation Manager for Kings College Business leaves the Board on completion.
Jacqueline Walker joins the Company as CEO. With over 20 years experience in the international and North American dental markets Jackie is ideally qualified to lead the development of the company and its commercialisation activities. Prior to joining OSspray Jackie was Vice President of the Professional Division of Dentsply International, the world’s largest dental supply company and market leader in the air polishing sector. “I am looking forward to the challenge of driving adoption of OSspray’s new technologies across the US and Europe and making a difference to patients in this sector of dentistry.” stated Ms Walker.
Simon Cartmell, Chairman said “With this funding we can confidently move forward to commercialisation and development of our innovative portfolio. I would like to thank all those involved in the fundraising and welcome our new investors.”
