# Venova Medical

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/venova-medical

- Industry: Medical Devices & Equipment
- Headquarters: Los Gatos, US
- Website: www.venovamedical.com
- Total disclosed funding: $9.7M
- Latest round: Series B (Aug 2, 2024)
- Investors on record: 6

## About

Based in California, US, and founded in 2018 by CEO Erik van der Burg and Shant Vartanian, Venova Medical, Inc., a.k.a. Venova Medical operates as a medical device company that focuses on advancing vascular access solutions for hemodialysis patients with its Velocity™ Percutaneous Arterio-Venous Fistula (pAVF) System. In September 2024, Venova Medical, Inc. raised USD 30 million in a Series B funding co-led by Catalyst Health Ventures, with participation from ShangBay Capital, Mirae Asset Capital, KOFA Healthcare Investments, Cadence Healthcare Ventures, and Aphelion Capital.

The company provides Velocity™ Percutaneous Arterio-Venous Fistula (pAVF) System to improve vascular access for hemodialysis patients. This system addresses limitations associated with traditional arteriovenous fistulas, which are preferred for their lower mortality rates and reduced need for reintervention. The Velocity™ System offers a minimally invasive alternative to surgical fistulas, with a focus on reducing the need for additional procedures and achieving quicker functional access. It is engineered to streamline the process of creating viable dialysis access with fewer complications and lower overall costs.

The company plans to use its proceeds from September 2024 funding to support the development of the company's technology.

## Funding rounds

- Series B, Aug 2, 2024, $9.7M — Aphelion Capital, Catalyst Health Ventures, ShangBay Capital, KOFA Healthcare Investments, Cadence Healthcare Ventures, Mirae Asset Capital

## Investors

- Aphelion Capital (https://capitalatlas.ai/funds/aphelion-capital) — Series B
- Catalyst Health Ventures (https://capitalatlas.ai/funds/catalyst-health-ventures) — Series B
- ShangBay Capital (https://capitalatlas.ai/funds/shangbay-capital) — Series B
- KOFA Healthcare Investments (https://capitalatlas.ai/funds/kofa-healthcare-investments) — Series B
- Cadence Healthcare Ventures — Series B
- Mirae Asset Capital (https://capitalatlas.ai/funds/mirae-asset-capital) — Series B