Mag Assist

HealthcareSeries CSuzhou, Chinamagassist.com.cn

Latest round

Series C

Last raised

Oct 2021

Total raised

$78M

Investors

10

About Mag Assist

Based in Suzhou, China and established in 2017, Mag Assist is a medical device developer that provides short and medium-term artificial heart devices. The company provides life saving technology and service for our patients and clinicians. The company focuses on patients with acute cardiogenic shock, circulatory protection during cardiac surgery and acute and severe organ failure. The company adopts mechatronics, magnetic levitation and computational fluid dynamics technology. The product pipeline of the company includes interventional artificial heart, external magnetic suspension artificial heart, a new generation of extracorporeal membrane oxygenation (ECMO). The company will increase investment in researching and developing product and clinical trials and expand production scale.

Who invested in Mag Assist

10 investors across 3 rounds

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Funding rounds

  1. Series C

    Oct 18, 2021

    Amount

    $78M

    Investors

    Locked

  2. Series B

    Jan 11, 2021

    Amount

    Undisclosed

    Investors

    Locked

  3. Series A

    Jul 4, 2019

    Amount

    Undisclosed

    Investors

    Locked

Questions about Mag Assist

Who invested in Mag Assist?

Mag Assist has 10 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.

How much funding has Mag Assist raised?

Mag Assist has raised 3 venture rounds. Sign up free to see how much each round raised and the total.

When did Mag Assist last raise money?

Mag Assist's most recent round on record is a Series C, in Oct 2021.

What does Mag Assist do?

Based in Suzhou, China and established in 2017, Mag Assist is a medical device developer that provides short and medium-term artificial heart devices.

Where is Mag Assist headquartered?

Mag Assist is headquartered in Suzhou, China.

Which VCs invest in companies like Mag Assist?

Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Yufu Capital, Taibao Capital and Hengxu Capital back healthcare companies at Mag Assist's stage. Their profiles are linked below.

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