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Endoron Medical raises $10 Million in Series A funding led by Sofinnova Partners to accelerate the validation of its AAA EndoStapling solution Aortoseal

PRIVATEJul 09, 2024

Amount Raised

$10 Million

Round Type

Series A

Kfar SabaManufacturingBiotechnologyHealth CareMedicalMedical Device

Investors

European Innovation Council FundSofinnova Partners

Description

Endoron Medical has successfully closed a $10 million Series A funding round led by Sofinnova Partners, with significant matching contributions from the European Innovation Council Fund (EIC Fund). The capital received will accelerate the clinical validation of Endoron’s flagship product, the catheter-based EndoStapling solution Aortoseal, as it progresses through its Investigational Device Exemption (IDE) approved Early Feasibility Study (EFS).

Quick answer

Endoron Medical raised $10 Million in a Series A round, dated July 9, 2024. Investors: European Innovation Council Fund and Sofinnova Partners. Endoron Medical is based in Kfar Saba, Center District, Israel.

How much did Endoron Medical raise?
Endoron Medical raised $10 Million in a Series A round on July 9, 2024.
Who invested in Endoron Medical?
European Innovation Council Fund and Sofinnova Partners are named as investors in this round.
What does Endoron Medical do?
We strive to provide AAA patients undergoing Endovascular Aneurysm Repair with a long-lasting sealing and fixation solution for their endograft.
Where is Endoron Medical based and how big is it?
Endoron Medical is based in Kfar Saba, Center District, Israel. Fundz records about 16 employees.
Who are the decision-makers at Endoron Medical?
Fundz holds 1 contact at Endoron Medical. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Medical and Medical Device around the same time

Companies in the same sectors as Endoron Medical that raised within 45 days of this round, from Fundz verified event records.

  • Neochord raised $914K (Seed) on August 16, 2024.
  • Revolution-ZERO raised $321K (Funding Round) on August 16, 2024.
  • Aevice Health raised $7M (Seed) on August 12, 2024.
  • Xtant Medical Holdings raised $5M on August 9, 2024.
  • Bedal International raised $11M (Funding Round) on July 12, 2024.
  • Ronovo Surgical raised $44M (Series B) on June 20, 2024.

Who to call at Endoron Medical, and when

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Company Information

Company

Endoron Medical

Location

Kfar Saba, Center District, Israel

About

We strive to provide AAA patients undergoing Endovascular Aneurysm Repair with a long-lasting sealing and fixation solution for their endograft. Aortoseal was developed to mimic the reliable hand-sewn suturing technique from open surgery, evenly distributing staples around the circumference of the aorta, creating leak and migration free anastomosis. Endoron is a proud beneficiary of the EIC grant. The European Innovation Council (EIC) was established by the European Commission in 2021, it has a mission to identify, develop and scale up breakthrough technologies and disruptive innovation. It has a budget of over €10 billion for the period 2021-2027.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Endoron Medical raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.