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Evalve closes $35mm Series C round; $15mm from Guidant

Executive Summary

Evalve Inc. (devices for the endovascular repair of cardiac valves) raised $35mm in a Series C financing led by Guidant Corp., which invested $15mm and could add another $15 million if certain milestones are achieved. Returning shareholders New Enterprise Associates, Delphi Ventures, St. Paul Venture Capital, Three Arch Partners, Cutlass Capital, and ABS Ventures also participated.
Deal Industry
  • Medical Devices
    • Surgical Equipment & Devices
      • Minimally or Less Invasive
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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