Medtech firm AWAK Tech raises US$40m in round co-led by Vickers Venture

Singapore

RENAL company AWAK Technologies has raised US$40 million in an oversubscribed financing round co-led by Vickers Venture Partners and an unnamed global medical products company.

Other investors include Enterprise Singapore's investment arm Seeds Capital and Advanced MedTech.

The homegrown medical technology (medtech) firm will use the funds to ready its AWAK peritoneal dialysis device (AWAK PD) for late-stage clinical studies and push ahead with …