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Laplace Interventional Inc. Announces First Close Of An Oversubscribed Series B Financing Of $12.9M For Its Transcatheter Tricuspid Valve Technology

PRIVATEJul 25, 2023

Round Type

Series B

PlymouthBiotechnologyHealth CareMedicalMedical Device

Investors

JWC VenturesEngage Venture PartnersFeatures CapitalShang Bay Capital

Description

Minnesota based Laplace Interventional, a medical device company developing a transcatheter tricuspid valve technology, announced today that it has completed its first close on its Series B financing co-led by ShangBay Capital along with Features Capital, including participation from Engage Venture Partners, JWC Ventures as well as a global strategic investor. The $12.9M Series B financing will fund Laplace Interventional towards achieving its early clinical feasibility milestones. The company also announced that Jenny Barba, Co-Founder and Managing Partner at Features Capital, joined its Board of Directors and Todd Mortier, a serial MedTech entrepreneur had previously joined its Board of Directors.

Quick answer

Laplace Interventional raised an undisclosed amount in a Series B round, dated July 25, 2023. Investors: JWC Ventures, Engage Venture Partners, Features Capital and Shang Bay Capital. Laplace Interventional is based in Plymouth, Minnesota, United States.

How much did Laplace Interventional raise?
Laplace Interventional raised an undisclosed amount in a Series B round on July 25, 2023.
Who invested in Laplace Interventional?
JWC Ventures, Engage Venture Partners, Features Capital and Shang Bay Capital are named as investors in this round.
What does Laplace Interventional do?
Laplace Interventional is developing a minimally invasive transcatheter treatment for patients suffering from Tricuspid Regurgitation.
Where is Laplace Interventional based and how big is it?
Laplace Interventional is based in Plymouth, Minnesota, United States. Fundz records about 10 employees.
Who are the decision-makers at Laplace Interventional?
Fundz holds 2 contacts at Laplace Interventional. 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 Laplace Interventional that raised within 45 days of this round, from Fundz verified event records.

  • ENvue Medical, Inc. raised $14M on August 30, 2023.
  • Radiaction raised $13M (Series C) on August 29, 2023.
  • WaveFront Dynamics Inc. raised $5M on August 24, 2023.
  • Sanara MedTech raised $3M (Seed) on August 1, 2023.
  • Tenon Medical raised $287K (Seed) on July 24, 2023.
  • Hubly raised $3M (Seed) on July 21, 2023.

Who to call at Laplace Interventional, and when

A new round usually means Laplace Interventional is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Laplace Interventional

Location

Plymouth, Minnesota, United States

About

Laplace Interventional is developing a minimally invasive transcatheter treatment for patients suffering from Tricuspid Regurgitation.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

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

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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