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Novostia raised CHF 5.6 million in a Series B funding round to accelerate clinical studies and development efforts.

PRIVATESep 17, 2024

Amount Raised

CHF5.6 Million

Round Type

Series B

LausanneManufacturingBiotechnologyHealth CareMedicalMedical Device

Description

Novostia has successfully completed a CHF 5.6 million fundraising to advance its clinical evidence base for its heart valve prosthesis. This funding will help in accelerating ongoing development efforts and preparing for the next financial round.

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Company Information

Company

Novostia

Location

Lausanne, Vaud, Switzerland

About

Novostia is a privately held medical device company developing an innovative artificial heart valve, designed for patients of any age, including children. Novostia endeavors to advance its technology to clinical trials and regulatory approvals to improve the quality of life of millions of people worldwide suffering from aortic and mitral valve disease.

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Fundz sees it the moment Novostia raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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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

Novostia 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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