A city medical device company is to create 25 new jobs after a capital investment fund of over 5 million euro.

Neuravi, which is located in the Parkmore business Park, designs and develops products for stroke patients.

It has succesfully completed financing for 5 point 2 million euro, led by venture capital investors Fountain healthcare and Delta Partners.

In a statement, Neuravi says the investment will lead to the creation of 25 new jobs over the next three years in roles suchs as R and D, manufacturing, finance and marketing.

Five people are currently working in the company.