Vascular Dynamics Closes $20M Equity Financing

Vascular Dynamics, Inc., an Irvine, CA-based medical device company focused on developing endovascular device-based solutions for patients suffering from heart failure, raised $20m in funding.

The round was led by an investment partner of VDI shareholder Rainbow Medical, with participation from Lawrence C. Best and existing investors HBM Healthcare Investments and Invus.

Led by Ed Roschak, CEO, Vascular Dynamics develops endovascular platform technologies to offer compelling treatment options for patients at risk of life-threatening conditions underserved by conventional treatments. The company’s MobiusHD technology features an endovascular device to use the body’s natural baroreflex mechanism to modulate the autonomic nervous system and help restore sympathetic balance.

The device is designed to provide interventionalists with a minimally-invasive transcatheter approach to help treat patients suffering from continued heart failure problems despite pharmaceutical therapy. Heart failure currently affects at least 26 million people worldwide and is increasing in prevalence.