Edge Medical Ventures launched a new $70 million med-tech fund on the back of a dearth of capital for novel ideas emerging from the Israeli med-tech ecosystem. The fund, which is looking to invest in founders regardless of geography, is targeting companies developing medical device technologies in vascular interventions, urology, gastrointestinal, women's health, home treatment, imaging and minimal invasive surgery.
Brightflow SAS raised €16.5 million (US$18 million) in a series A financing round that will go towards developing its right ventricular mechanical circulatory support system. The company is working towards bringing the first long-term fully percutaneous implantable pump for right-sided heart failure to the market, Sophie Humbert, CEO at Brightflow, told BioWorld.
Med-tech firms raising money in public or private financings, including: Billiontoone, Discure Technologies, Ionopticks, Perimeter Medical Imaging AI, Viome.
A decade ago, when Asia Pacific Medical Technology Chairman (APACMed) John Collings was running a medtech business in China, he was flying high with multiple rounds of investment under his belt and preparing to launch two new technologies, but the company hit a regulatory hurdle that delayed the launch and he found himself grappling for answers, he told the APACMed Forum held Sept. 5 in Singapore.
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