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HomeFunding Israel-Based Endoron Medical Secures $10 Million in Series A Round funding

[FUNDING NEWS] Israel-Based Endoron Medical Secures $10 Million in Series A Round funding

The $10 million Series A fundraising round for Endoron Medical, a medical technology firm that creates endograft stapling solutions for the endovascular repair of abdominal aortic aneurysms , has closed successfully. Sofinnova Partners led the round, while the European Innovation Council Fund made a sizable matching contribution.

The $10 million Series A fundraising round for Endoron Medical, a medical technology firm that creates endograft stapling solutions for the endovascular repair of abdominal aortic aneurysms , has closed successfully. Sofinnova Partners led the round, while the European Innovation Council Fund made a sizable matching contribution.

The clinical validation of Endoron’s flagship product, the catheter-based EndoStapling solution Aortoseal, which is presently progressing through its approved Early Feasibility Study by the Investigational Device Exemption,is expected to be accelerated by this substantial infusion of funding.

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Endoron Medical was founded in 2019 by a group of professionals with vast experience in the field and in entrepreneurship. Professor Ron Karmeli, a vascular surgeon of international fame, Ronit Harpaz, an Elite 8400 member and former CEO of Bendit Technologies, and Eyal Teichman, a mechanical engineer with more than thirty years of R&D expertise, make up the founding team.

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The critical issues of sealing and securing endografts employed in minimally invasive AAA repairs—particularly in complex procedures—are addressed by endoron technology for the endovascular repair of AAAs.

“Sofinnova Partners are the go-to investors within medtech. They bring a wealth of operational experience working with high-growth companies like ours,” said Ronit Harpaz, co-founder and CEO of Endoron. “With their continued support, I am confident we will reach key clinical and regulatory milestones as we advance our EndoStapling technology towards the clinic. The EIC’s participation further solidifies our commitment to bringing this innovative solution to the European market.”

By avoiding long-term migration and endoleaks, Endoron’s sophisticated stapling mechanism completely seals endografts while firmly attaching them, minimising the need for highly invasive, high-mortality open operations.

About Endoron Medical

Endoron medical is happy to have received the EIC grant. The European Commission created the European Innovation Council in 2021 with the goal of identifying, developing, and expanding disruptive innovation and game-changing technology.

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