Oxford-based Optellum raises $14m in funding round
Optellum, an Oxford-based medtech company that provides an AI platform to diagnose and treat early-stage lung cancer, has raised $14 million in a Series A funding round. The investment will allow the company to scale its base, operations and commercial launches in the UK and USA, accelerate its research and development, and expand its platform into personalised therapy decisions, integrating imaging with molecular data, robotics, and liquid biopsies. This funding round was led by Mercia, with additional investors Intuitive Ventures and Black Opal Ventures. Existing investors including St John�s College in the University of Oxford, IQ Capital, and the family office of Sir Martin & Lady Audrey Wood also participated in this round.