Mitralign
Company

Last deal

$9.77M

Amount

Venture - Series Unknown

Stage

02.02.2018

Date

3

all rounds

$175.12M

Total amount

date founded

Financing round

General

About Company
Mitralign develops catheter-based technology for treating functional mitral regurgitation.

Industry

Sector :

Subsector :

founded date

01.01.2003

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

The company's innovative system delivers surgical implants directly into the mitral annulus through a catheter, reducing the size of the valve opening and annulus, emulating surgical annuloplasty. Mitralign is backed by top-tier venture capitalists and has two major cardiovascular device companies as investors. Their direct trans-catheter annuloplasty system treats both tricuspid and mitral regurgitation, and their therapies reduce functional mitral regurgitation, a life-threatening cardiac condition, by tissue-plication. Healthcare providers can use Mitralign's system to treat symptomatic functional mitral regurgitation.
Contacts

Contact Email

Phone number

Social url

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M&A Details
1

Acquired by

Edwards Lifesciences

announced date

11.03.2019

Financials

Funding Rounds
12
3

Number of Funding Rounds

$175.12M

Money Raised

Their latest funding was raised on 02.02.2018. Their latest round Venture - Series Unknown

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02.02.2018
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17.05.2016
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Martien van Osch

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For this reason he splits his time between operational activities and the finance function. In terms of investment focus, Martien spearheads the medical device related activities at Forbion and as such was responsible for the recent exit of Pathway Medical Technologies, Inc., sold to Bayer Medrad in 2011 for USD 125 million. He currently actively contributes to the boards of Circulite, Inc., Mitralign Inc., PneumRx, Inc and Santaris Pharma AS. His experience in the life sciences industry also includes prior non-executive board positions at Cambridge Drug Discovery Ltd (sold to Biofocus Plc in 2001), Impella Cardiosystems (sold to Abiomed, Inc. in 2005), Acadia Pharmaceuticals (IPO on Nasdaq in 2004) and Flowmedica, Inc. (sold to Angiodynamics in 2009). After joining ABN AMRO as a Senior Analyst in Group Planning and Control, in 1998 Martien switched to ABN AMRO Capital and decided to join the newly formed life sciences team in 2000 as an investment director. There he developed the Medical Devices investment strategy e.g. by joining the ATI (Accelerating Technologies, Inc.) incubator initiative, focused on start-ups in Interventional Cardiology.

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People

Founders
1
Rick Geoffrion
Rick Geoffrion

Rick Geoffrion

Mr. Geoffrion has over 25 years of management experience in the medical device industry and more than 20 years in the cardiovascular space. A co-founder of Mitralign, he previously led company foundation, deal structuring and served as the early stage CEO for five other medical device companies. In addition, he guided the recapitalization and redirection of two other successful medical device companies. Mr. Geoffrion currently sits on the Board of Directors of CircuLite, Inc. and Mitralign, Inc. He has also served as the Chairman of Impella CardioSystems AG, CircuLite and FlowMedica, Inc. He holds a BSME and an MBA from the University of Connecticut.

current job

The Mullings Group

organization founded

1

Rick Geoffrion

Employee Profiles
5
Susan P Stimson

Susan P Stimson

Director of Marketing and Clinical Research

Richard J. Omilanowicz

COO/CFO

Adam Groothuis

Adam Groothuis

Vice President

Activity

Recent News
0