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185%
Raised
£555,460
Investors
763
Target
£300,000

Convertible round

Rather than investing and immediately receiving shares, in this round payments will be transferred directly to the company and shares issued at a future date. A convertible allows a company to raise funds without having to agree a valuation. For more information please view our FAQs.

FreeHand is a robotic surgical camera controller that provides rock-steady images and precise control saving time and improving outcomes. With regulatory approval in the EU, US and Japan, Freehand is fundraising to support sales growth.

  • The market for surgical robotics is expected to reach $91.5B by 2025
  • FreeHand has regulatory clearance for sale in the EU, US and Japan
  • Surgeons have successfully used FreeHand in >15,000 procedures
  • >12M applicable procedures happen every year

Idea

Over 15 million keyhole surgeries are performed annually. Common procedures include appendectomies, gall bladder removal, hernia repair and cancer treatment. Most of these require an additional clinician in theatre to manually hold the camera the surgeon uses to see the operating field.

Anyone who has seen a shaky cell-phone video knows that holding objects steady for long periods of time is not something humans do well. Hand-held surgical cameras produce sub-optimal images with shake, drift and rotation. The patented FreeHand robotic camera controller provides a clear, rock steady image giving the surgeon full and precise control.

Studies show that FreeHand can REDUCE:

* Operating time by up to 20%

* Post-operative recovery time and complications

* Surgical training time

* Theatre head-count

Surgical robotics is one of the fastest-growing segments in MedTech, projected to reach $91.5B by 2025. FreeHand provides hospitals with an affordable, easy-to-use platform to realise the benefits of robotic assistance in operating rooms.

With the hiring of an experienced VP of Sales in May of 2019 and the launch of Freehand Panorama, the company now has hospitals and distributors signed up in the UK, Spain, Netherlands and Italy.

This investment will fund expansion of distributor base in Europe, Asia and Latin America, targeting over 12 million procedures annually.

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This pitch is approved by Crowdcube

This pitch is approved as a financial promotion by Crowdcube Capital Limited. Every pitch on Crowdcube is reviewed to ensure it is fair, clear and not misleading.

As part of our commitment to investor transparency, Crowdcube’s Due Diligence Charter outlines the analysis and verification that is conducted on equity fundraises on Crowdcube by our legal and compliance professionals.

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Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

Freehand has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.