DiaNia Technologies raises €2m funding and plans 20 new jobs

Start-up plans to use funding to develop specialised materials for medical devices

DiaNia investors Helen Ryan, Gearóid Faherty and Ian Quinn, pictured with chief executive Sinead Kenny (third right).

DiaNia investors Helen Ryan, Gearóid Faherty and Ian Quinn, pictured with chief executive Sinead Kenny (third right).

 

jobs over the next two years after raising €2 million in seed funding to develop specialised materials for catheter-based medical devices.

Investors in the funding round include two former chief executives of Creganna Medical, the founder of the Nasdaq-listed pharma firm Eurand, Enterprise Ireland and HBAN’s Medtech Business Angel Syndicate.

Improve functionality

Mark Mellett

DiaNia, based in NUI Galway’s Business Innovation Centre, intends to create jobs in a number of areas including specialised materials science and extrusion positions, as well quality assurance, regulatory affairs, manufacturing, marketing and finance.

Improve outcomes

The four new key investors are Helen Ryan former chief executive of Creganna; Liam Farissey of Creganna; Gearóid Faherty of Eurand; and Ian Quinn of Creganna.