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FIRE1 closes €40mm Series C

Executive Summary

Foundry Innovation & Research 1 Ltd. (developed a monitoring device for heart failure patients) raised €40mm ($50mm) in its Series C financing led by Gilde Healthcare, which was joined by other first-time backers GIMV and Seventure Partners and returning shareholders Lightstone Ventures, Medtronic, and New Enterprise Associates. A representative from Gilde and GIMV join the board. FIRE1 will use the proceeds for ongoing device development.
Deal Industry
  • Medical Devices
    • Monitoring Equipment & Devices
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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