Vixiar Medical raises $1.5 million seed round - Technical.ly Baltimore

Sciences

Jul. 26, 2017 12:59 pm

Vixiar Medical raises $1.5 million seed round

The Johns Hopkins spinout plans to hire, and move to Baltimore.

Vixiar Medical's Indicor device.

(Courtesy photo)

Johns Hopkins spinout Vixiar Medical raised a $1.5 million seed round, according to CEO Kevin Thibodeau.

The funding was provided by the Abell Foundation and TEDCO, as well as Kacero Holdings, BV and an unnamed Chinese medical device and services investment firm.

In addition to receiving funding, the Annapolis-based company will be moving to Baltimore. Thibodeau, who joined the company in January, said the move is a result of the Abell Foundation support. He did not disclose the location.

Vixiar’s product, called Indicor, is a handheld device and corresponding Android app that helps patients monitor worsening heart failure. The device is non-invasive, and measures cardiac filling pressure. It’s designed so it can be used in a variety of settings, including those outside the clinic.

The company will look to hire about 4-5 key positions in engineering and regulatory to its three-person team as a result of the funding.

The funding comes after a couple years of development. Thibodeau said the startup completed multiple studies at Johns Hopkins, and the device has been tested with 400 patients. The company is looking to begin another study next month with Stony Brook Medicine in New York. The company is working toward gaining FDA approval and a CE mark in Europe to bring the product to market.

“It’s to get us to those milestones of regulatory clearance,” Thibodeau said of the funding.
-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

eBay founder’s Omidyar Network invests in Baltimore-based Terbium Labs

Vixiar Medical raises $1.5M, reports progress on heart failure monitoring device

BurnAlong raises $1.5M, moves to new offices in Pikesville

SPONSORED

Baltimore

At 14 West, only go-getters need apply

Baltimore, MD 21201

14 West

Junior Database Administrator

Apply Now
Baltimore, MD

SmartLogic

Product Designer

Apply Now
Baltimore, MD 21201

Agora Financial

Jr. Project Manager / Business Analyst

Apply Now

4 JHU professors received the Bisciotti Foundation Translational Fund’s first grants

Howard County’s RackTop Systems raises $15M to expand its data storage and security product

Contrast Security raises $65 million in Series D funding

SPONSORED

Baltimore

Learn to lead digital transformation at Phorum 2019

Baltimore, MD

SmartLogic

Developer

Apply Now
Baltimore

Mindgrub

Automation Engineer

Apply Now
1629 Thames Street Suite 400 Baltimore, MD 21231

Contrast Security

Software Engineer Java

Apply Now

Sign-up for daily news updates from Technical.ly Baltimore

Do NOT follow this link or you will be banned from the site!