The majority of the funding is from its current major shareholders, MMC Ventures, Delta Partners and Medtronic, together with a number of high-net-worth individuals.

Michael J Dormer, chairman of Neoss, stated: “We are exceptionally pleased with the ongoing confidence of our existing shareholders as we successfully grow Neoss toward becoming a major company in the dental implant field.”

Neoss was founded in 2000 by professor Neil Meredith and Fredrik Engman with the intention of developing a dental implant system to replace missing teeth.

See also: Neoss raises £10 million from venture capital