16th February 2024
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London startup, Koalaa, whose world-first soft prosthetic arms are aiding independence for individuals with limb differences around the world, has closed a funding round of $1.2 million (£925,000). The round was initiated by existing investor British Design Fund and includes £200,000 secured from the Imperial College Enterprise Fund II (ICEF), which invests in startup companies that have a strong connection to the University. Business angels also took part in the round. The funds raised in this round, which started in July 2022, are being used to expand Koalaa’s business internationally.
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