TRiCares Secures $50M For Tricuspid Replacement System, Topaz

 
• By Natasha Barrow
  
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TRiCares SAS announced it raised $50m in series D funding from a single unnamed investor. The funding will support the company’s upcoming US early feasibility study and EU CE mark clinical investigation for its transfemoral tricuspid heart valve replacement system, Topaz.

Topaz transfemoral tricuspid heart valve replacement system
• Source: TRiCares SAS

TRiCares SAS announced on 25 July it raised $50m in Series D funding from a single unnamed investor. The proceeds will be used to finance the company's upcoming US and EU clinical studies for Topaz, a transfemoral tricuspid heart valve replacement system, according to the Paris- and Munich-based company. The last financing round was a series C, which closed September 2022, totaling $55m. Investors included 415 Capital, Andera Partners, BioMed Partners, Credit Mutuel Innovation, GOCapital, Karista, Wellington Partners and Bayern Kapital.

"This financing builds on previous investments from leading European life science venture capital firms, to whom we are grateful for...

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