Shape Memory Medical Inc. completed $38 million in Series C financing led by Earlybird Venture Capital and with the participation of new and existing investors to advance endovascular embolization technology.
Mar 04, 2024•over 1 year ago
Amount Raised
$38 Million
Round Type
series c
Investors
Emergent Medical Partners Ii, L.P.Hbm Medfocus LlcWex Med Ii LlcHbm Healthcare Investments (Cayman) Ltd.Earlybird Venture Capital
Description
Shape Memory Medical Inc. completed a $38 million Series C round led by Earlybird Venture Capital for advancing the clinical and market development of shape memory polymer technology for aortic and peripheral vascular markets. The funding will also support the research and development of their product pipeline and the expansion of sales and marketing strategies.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech