Afon Technology: Raises £600K in Funding

Afon Technology Raises £600K in Funding

• Afon Technology, a Chepstow, South Wales-based med-tech startup, raised £600K in funding
• The backers were not disclosed
• The company intends to use the funds to accelerate growth and expand operations
• AfonTechnology develops a non-invasive, wearable blood glucose meter
• The compact device is designed to be worn with a watchstrap and connected via Bluetooth to the user’s smart watch/device
• The technology is patented and has undergone extensive clinical testing at a diabetes testing clinic in Germany and further testing at an NHS site in the UK