Tech Company Financing Transactions
R3 Vascular Funding Round
R3 Vascular, based in Mountain View, received $87 million from Deerfield Management Company, 415 CAPITAL and private investors.
Transaction Overview
Company Name
Announced On
5/20/2024
Transaction Type
Venture Equity
Amount
$87,000,000
Round
Series B
Investors
Deerfield Management Company (Lead Investor)
Proceeds Purpose
The company intends to use the funds to support the ELITE FDA IDE pivotal trial of its bioresorbable scaffold, MAGNITUDE®, for below-the-knee (BTK) PAD. The funding will also support additional research and development, global regulatory submissions, scale up of manufacturing processes and initial commercialization.
Company Information
Company Status
Private & Independent
Industry
Medical Devices & Instruments
Mailing Address
1145 Terra Bella Ave.
Mountain View, CA 94043
USA
Mountain View, CA 94043
USA
Phone
Undisclosed
Website
Email Address
Overview
At R3 Vascular, we strive to develop the best in class bioresorbable scaffolds that rival metal drug eluting stents. Our unique polymer and proprietary technologies are used to create scaffolds that balance strength with flexibility for treating peripheral arterial disease (PAD). At a 98-micron strut thickness across all its usable range of diameters, the MAGNITUDE BRS device is the thinnest BRS ever tested in this clinical setting.
Profile
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Management Team
Title
Name
Email & Social
Chairman
Jack Springer
Chief Executive Officer
Chris Owens
Chief Technical Officer
Kamal Ramzipoor
VP - Operations
Afsoon Fallahi
VP - R & D
Chang Lee
VP - Regulatory Affairs
Jane Beggs
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Where The Data Comes From
We do our best to report on funding rounds that are announced publicly. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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