Rapid Medical Closes $50M Series D Financing
- Rapid Medical, a Yokneam, Israel-based company focused on the development of responsive, adjustable neurovascular devices, closed a Series D financing of $50M
- The round was led by MicroPort with participation from CITIC private equity fund (CPE), Deep Insight and existing investors
- As part of the financing round, Chen Chen, a principle at CPE, will join companies board of directors
- The company develops interventional devices for endovascular diseases such as ischemic and hemorrhagic stroke
- Utilizing novel manufacturing techniques, the company’s products are remotely adjustable and fully visible
- This enables physicians to respond in real-time to the intravascular environment and have greater control over procedural outcomes
