Amount Raised
$57.7 Million
Round Type
Series E
HoustonManufacturingBiotechnologyHealthcareHealth CareMedicalMedical DeviceInvestors
Description
Procyrion, Inc. announced the completion of a $57.7 million Series E funding round, including the conversion of $10.0 million of interim financing. The funds will be used to support the ongoing DRAIN-HF pivotal IDE trial evaluating the Aortix percutaneous mechanical circulatory support (pMCS) device in patients with acute decompensated heart failure (ADHF) who remain congested despite standard medical therapy (cardiorenal syndrome or CRS), as well as internal programs to improve product manufacturability and prepare for commercialization. The round was led by Fannin Partners in partnership with new and existing family/multi-family office investors.
Quick answer
Procyrion raised $57.7 Million in a Series E round, dated February 5, 2024. Investors: Bluebird Ventures and Fannin Partners. Procyrion is based in Houston, Texas, United States.
- How much did Procyrion raise?
- Procyrion raised $57.7 Million in a Series E round on February 5, 2024.
- Who invested in Procyrion?
- Bluebird Ventures and Fannin Partners are named as investors in this round.
- What does Procyrion do?
- Procyrion™, Inc. is a privately held medical device company dedicated to providing effective treatment options for patients with cardiac and renal impairment.
- Where is Procyrion based and how big is it?
- Procyrion is based in Houston, Texas, United States. Fundz records about 28 employees.
- Who are the decision-makers at Procyrion?
- Fundz holds 1 contact at Procyrion, including the Director. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Healthcare and Medical around the same time
Companies in the same sectors as Procyrion that raised within 45 days of this round, from Fundz verified event records.
- Tenon Medical raised $2.6M (Seed) on February 20, 2024.
- Biobot Surgical raised $18M (Series B) on March 7, 2024.
- Shape Memory Medical raised $38M (Series C) on March 4, 2024.
- Shape Memory Medical raised $38M (Series C) on March 4, 2024.
- Shape Memory Medical raised $30M on February 6, 2024.
- SPR Therapeutics raised $85M (Funding Round) on February 2, 2024.
Who to call at Procyrion, and when
A new round usually means Procyrion is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Procyrion raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Procyrion, from your own LinkedIn network
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Related People
Procyrion raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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