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HomeFinTechAfon Technology: Raises £600K in Funding

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
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