IQ Endoscopes complete funding round
posted 19th March 2026
GS Verde Group were pleased to advise on the latest funding round deal for medical device company IQ Endoscopes.
BGF, a growth capital investor for UK & Ireland, has led a multi million pound follow-on investment into South Wales based IQ Endoscopes, alongside the Development Bank of Wales. GS Verde - An AAB Group Company - advised IQ Endoscopes on the investment.
This latest round of funding will be used to support IQ Endoscopes’ early commercial rollout in selected UK centres, strengthen manufacturing and supply chain capability, and build a robust commercial pipeline as the company prepares for future scale up in the UK and overseas. The investment will also support further regulatory work and market validation in the US.
Founded in 2020, IQ Endoscopes is developing a single use gastrointestinal endoscopy platform designed to improve patient access to endoscopy and help healthcare providers respond to growing demand.
The critical need for endoscopy services is at an unprecedented level, driven by an ageing population, increased awareness of gastrointestinal conditions and expanded screening programmes, placing significant pressure on existing pathways.
Existing reusable endoscopes create significant time burden and carbon emissions due to complex decontamination and transport processes, contributing to hospital capacity constraints and workflow inefficiencies. IQ Endoscope provides an agile, fully sustainable alternative designed to do the opposite, freeing up beds and physician capacity.
Since its formation, IQ Endoscopes has made strong progress, securing key regulatory approvals, establishing manufacturing in the UK and commencing production. The company has identified its first customers, received initial orders and is now preparing for early commercial use of its platform.
The team at GS Verde were pleased to advise IQ Endoscopes on the investment round and wish the team every success in the next phase of growth.
Source: BGF and Development Bank of Wales Back IQ Endoscopes to Support Early Commercial Rollout
