VC firms in $25m round for Polares Medical

DACH-based VC firms Earlybird Venture Capital, Wellington Partners and Endeavour Vision have also taken part, alongside Oman-based IDO Investments.

Earlybird drew capital from its Health Tech Fund, a sector-specific vehicle that launched in 2016 with a €120m target. The VC firm recently held a final close for its main fund, Earlybird Digital West Fund, on €175m.

The fresh capital will support the company in bringing its technology to clinical evaluation.

Company
Polares was founded in 2017 after the acquisition of its former parent Symetis by Boston Scientific. The company develops a trans-catheter mitral valve hemi-replacement system to treat patients suffering from mitral regurgitation. The company is headquartered in Ecublens, Switzerland, and has an additional office in Palo Alto.

People
Earlybird Venture Capital – Thom Rasche (partner).
Polares Medical – Jacques Essinger (CEO).

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• Topics
• Early-stage
• DACH
• Healthcare
• Earlybird
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• Wellington Partners