Last deal

$25M

Amount

Venture - Series Unknown

Stage

17.12.2019

Date

3

all rounds

$71.2M

Total amount

date founded

Financing round

General

About Company
Velano Vascular is a medical device innovator that aims to improve the blood collection process.

Industry

Sector :

Subsector :

Keywords :

Also Known As

Velano

founded date

01.01.2012

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

The PIVO device, developed by Velano Vascular, is a needle-free blood collection medical device that attaches to a peripheral IV catheter to collect venous samples. By enhancing the blood-draw experience, the company's technology aims to deliver painless and secure healthcare procedures for patients while improving safety and efficiency for providers. Velano Vascular is backed by respected venture firms, health systems, and industry veterans, and was recently acquired by Becton Dickinson and Company.
Contacts

Contact Email

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M&A Details
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Acquired by

Becton, Dickinson and Company (BD)

announced date

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Number of Funding Rounds

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2
Pitamber Devgon
Pitamber Devgon

Pitamber Devgon

Pitou is responsible for deal screening, conducting due diligence on prospective acquisition opportunities and supporting Safeguard’s healthcare partner companies. He is a MBA graduate of The Wharton School and a board-certified physician practicing in the Penn health system. Pitou was a summer associate at Medtronic in their Neuromodulation business prior to starting his second year at Wharton. During his residency training, he also completed internships in technology transfer at Penn’s CTT office and healthcare venture capital at Safeguard Scientifics. In 2009, he was part of the grand prize winning team, NIR Diagnostics, in the Wharton Business Plan Competition and served as CMO. Prior to his medical training and residency, he founded and directed the first online student portal website called the Student Information Network, which became Sinapse Consulting with branch offices in the Midwest and Washington, DC. Pitou holds a B.A. in biological psychology from the College of William & Mary, an M.D. with honors from Eastern Virginia Medical School (EVMS) and an M.B.A. from The Wharton School at the University of Pennsylvania.

current job

Velano Vascular
Velano Vascular

organization founded

1

Pitamber Devgon

Eric Stone
Eric Stone

Eric Stone

Eric M. Stone is the Chief Executive Officer at Velano Vascular. A patient advocate and serial healthcare entrepreneur, Stone is a former National Trustee of the Crohn's and Colitis Foundation. Prior to Velano, he served as Vice President of Sales and Marketing for Molecular Health, and earlier in his career launched a series of pioneering interventional cardiology devices for Abbott while based in Brussels, Belgium and California. Stone was a founding member of Model N's (NYSE: MODN) Life Sciences division, where he led marketing and business development. Stone began his career in marketing with Trilogy Software, and has since co-founded social sector programs at Harvard and Wharton. He served for a decade on Harvard University's Alumni Association (HAA) Board of Directors and is a past and current Director and Advisor to multiple healthcare upstarts. Stone received an MBA from The Wharton School, a Master's from Harvard University, and a BA from the University of Pennsylvania. He lives with his wife and two children in San Francisco.

current job

Velano Vascular
Velano Vascular

count Of Investments

2

Eric Stone

Employee Profiles
17
Pitamber Devgon

Pitamber Devgon

Chief Innovation & Strategy Officer & Co-Founder

Evan Vandenbrink

Principal engineer

Lucas Farrar

Senior manufacturing engineer

Quinton Farrar

SVP, Technical Operations

Michael Fanucchi

Director of marketing at velano vascular, inc

Eric Stone

Eric Stone

Chief Executive Officer & Co-founder

Maryann Ciampa

VP, Business Development

Son Pham

VP, Finance & Administration

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