Fire1 announced today that it closed a $25 million financing round — with investment from Medtronic — to support its novel remote monitoring technology.
New investors Andera Partners and Novo Holdings led the round. Existing investors Gilde Healthcare, Gimv, the Ireland Strategic Investment Fund, Lightstone Ventures, Medtronic, New Enterprise Associates and Seventure Partners also participated.
Dublin, Ireland-based Fire1 plans to use the capital to accelerate the development of its monitoring solution for heart failure patients. Fire1 CEO Conor Hanley described the company as “delighted” to add the new investors to its existing syndicate.
“Fire1’s ability to raise an oversubscribed financing from investors of this caliber is a testament to the size of the opportunity in front of us,” Hanley said. “I also want to thank our existing investors for their ongoing support. This capital will help us to achieve our mission of helpi…