Tech Company Financing Transactions
CorVent Medical Funding Round
Sofinnova Ventures, Deerfield Capital and EXOR participated in a $4.5 million Seed funding round for CorVent Medical. The round was announced by the company on 5/12/2020.
Transaction Overview
Company Name
Announced On
5/12/2020
Transaction Type
Venture Equity
Amount
$4,500,000
Round
Seed
Investors
Sofinnova Ventures (Lead Investor)
private investors (James Swartz)
Proceeds Purpose
The company intends to use the funds for the commercialization of the first single-use, critical care ventilator that will enable rapid and affordable deployment with superior infection control.
Company Information
Company Status
Private & Independent
Industry
Medical Devices & Instruments
Mailing Address
315 West 36th St.
New York, NY 10018
USA
New York, NY 10018
USA
Phone
Undisclosed
Email Address
Not Recorded
Overview
CorVent Medical, a privately held portfolio company of Coridea LLC, is committed to developing smart, versatile, lifesaving ventilators for critical care. The company's first product, the CorVent Single-Use Ventilator, was designed in partnership with Design Catapult, an industrial design firm recognized for their rapid ideation of medical and commercial products.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Mark Gelfand
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Where The Data Comes From
We do our best to report on tech company VC transactions. VC investment data records reported here come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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