By Nancy Dahlberg
RapidPulse, a Miami-based medical device company, has raised a $15 million Series A round of venture capital to advance its stroke treatment technology through expanded clinical evaluations and build out its platform of proprietary catheters.
The financing was led by Santé Ventures, a Texas-based life sciences venture firm, and participating in the round were Epidarex Capital, Hatteras Venture Partners, Broadview Ventures, and Syntheon, a Miami-based medical device incubator where the RapidPulse system was developed.
RapidPulse develops minimally invasive vascular products for treating ischemic stroke, the most common type of stroke. Its RapidPulse Cyclic Aspiration System includes a novel aspiration pump to allow rapid and consistent removal of blood clots from the brain. “RapidPulse is a disruptive platform opportunity in neurovascular, and has the potential to significantly improve patient outcomes for ischemic stroke patients,” said Dennis McWilliams, partner at Santé Ventures.
Sean McBrayer, CEO of Syntheon, will also serve as initial CEO of RapidPulse. Joining him are industry veterans Heather Harries and Cynthia Yang. Harries is the former general Manager for Terumo’s aortic business in Sunrise, and will lead product development and operations for RapidPulse. Yang will lead clinical development for the company, after most recently working in the neurovascular division of Medtronic.
“Stroke is the second leading cause of death and the third leading cause of disability worldwide, and minutes matter in improving these outcomes. This investment will help us expand our clinical results and move towards regulatory approval in the United States,” said McBrayer.
Products spun off from Syntheon have treated over 50 million patients globally and Syntheon has received over 200 patents since its inception in 1999, according to the incubator.
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