Marlow-based law firm Moorcrofts’ corporate team has advised The Standing CT Company on a crowdfunding investment round through the SEEDRS crowdfunding platform.
Standing CT is a collaboration between the UK’s leading orthopaedic foot and ankle surgeons, a team of experienced healthcare entrepreneurs and Curvebeam LLC, manufacturer of the PedCAT scanner.
By providing access to fixed CT scanners and mobile CT scanners, Standing CT enables clinicians to streamline the referral, booking, and reporting of weight-bearing CT scans. Standing CT has exclusive distribution and resale rights for all Curvebeam scanners in the UK and other European countries.
The Moorcrofts team advising Standing CT was led by corporate partner Peter Woolley with assistance from Barry Maytum and Mohsin Shabbir.
James Kraft, founder and CEO of Standing CT, said: “The quality of investors to the crowdfunding investment round is testament to the PedCAT scanner’s potential, our business model, and our talented team. To successfully grow the business while fundraising was a critical challenge; and the very capable Moorcrofts’ team was able to offer practical, commercial solutions to a number of complex legal issues, and in a timely manner. I look forward to working with them again as Standing CT continues to grow its business.”
Woolley said: “We advised Standing CT on its initial fundraising, and it was a pleasure to assist the company again during this latest crowdfunding round, and its successful completion is testament to the hard work and vision of James and his team. The level of investment, which exceeded the initial target, is a clear vote of confidence that Standing CT has identified a gap in the CT scanning market. We look forward to working with James and his team again in the future.”