How Much Did CroíValve Raise?
Funding & Key Investors

CroíValve, a pioneer in the development of minimally invasive cardiovascular solutions, has successfully secured a major strategic investment, bringing its total capital accumulation to $64.8M. This latest infusion of $36M underscores the market confidence in the company's proprietary DUO System, a technology engineered to address the critical clinical gap in treating tricuspid regurgitation. By securing this significant financing, CroíValve is well-positioned to accelerate its clinical development trajectory and navigate the complex regulatory landscape required for commercialization in the United States and European markets.

The company's growth trajectory has been marked by a series of strategic funding rounds, beginning with its initial seed capital in 2019 and culminating in this recent Series B milestone. This progression reflects a disciplined approach to capital allocation, moving from early-stage research and development to the current phase of intensive clinical investigation. The backing of both institutional venture capital and government-backed innovation agencies highlights the systemic importance of the DUO System in addressing a condition that affects millions of patients globally.

What is CroíValve?

CroíValve
ManufacturingMedical Devices & Equipment

CroíValve is a medical technology firm dedicated to transforming the standard of care for patients suffering from tricuspid regurgitation. The company's flagship innovation, the DUO System, is a minimally invasive heart valve device designed to assist the native tricuspid valve. By preserving the patient's natural anatomy rather than replacing it, the DUO System aims to enhance heart function and reduce the morbidity associated with traditional open-heart surgical interventions. Currently, the technology is undergoing rigorous clinical evaluation, positioning the company as a high-potential player in the cardiovascular device sector. The firm's market position is bolstered by its focus on addressing the significant underdiagnosis and undertreatment of tricuspid valve disease, a segment of the heart health market that has historically lacked effective, less-invasive therapeutic options.

How much funding has CroíValve raised?

CroíValve has raised a total of $64.8M across 6 funding rounds:

2019

Multiple Rounds

$12.8M

2022

Unspecified

$9M

2026

Series B

$36M

Grant

$7M

Angel/Seed (2019): $3.8M with participation from SOSV, Summit Bridge Capital, Enterprise Ireland, and HBAN

Other Financing Round (2019): $4.6M led by SOS Ventures, HBAN MedTech and Irrus Syndicates, Broadview Ventures, and Summit Bridge Capital

Unspecified (2019): $4.5M supported by Broadview Ventures

Unspecified (2022): $9M featuring Enterprise Ireland, Hban, and Atlantic Bridge University Fund

Series B (2026): $36M backed by Enterprise Ireland, The European Innovation Council, MedTech Syndicates, and BGF

Grant (2026): $7M with participation from The European Innovation Council and Department of Enterprise, Trade and Employment

Key Investors in CroíValve

BGF

BGF is a prominent investment firm based in the United Kingdom, specializing in providing growth capital to small and mid-sized businesses across various economic sectors.

The European Innovation Council

The European Innovation Council is a strategic body focused on identifying and scaling breakthrough technologies and innovations within the European research and development ecosystem.

Enterprise Ireland

Enterprise Ireland is a government agency tasked with the development and growth of Irish enterprises, providing critical support for innovation and international trade expansion.

What's next for CroíValve?

With the successful closure of this major strategic investment, CroíValve is expected to prioritize the expansion of its clinical trial infrastructure and the refinement of its manufacturing processes. The capital will likely be deployed to support the ongoing clinical investigation of the DUO System, ensuring that the device meets the stringent safety and efficacy standards required for regulatory approval. Furthermore, the company is expected to leverage its strong network of clinical and institutional investors to facilitate future market entry strategies. As the company transitions from a research-focused entity to a clinical-stage powerhouse, the focus will remain on demonstrating the long-term durability and clinical utility of the DUO System, ultimately aiming to establish a new paradigm in the treatment of tricuspid regurgitation.

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Frequently Asked Questions Regarding CroíValve Financial Insights

What are the most recent funding rounds that CroíValve has completed, and what were the funding rounds?
CroíValve has recently completed 3 funding rounds: Series B on Jun 22, 2026, Grant on Jun 22, 2026, Unspecified on Feb 3, 2022.
What is the total amount of funding CroíValve has raised to date?
CroíValve has raised a total of $64.8M in funding to date.
How many funding rounds has CroíValve completed?
CroíValve has completed 3 funding rounds.
How much funding did CroíValve raise in its most recent funding round?
CroíValve raised $36M in its most recent funding round.
Who are the lead investors in CroíValve's latest funding round?
The lead investor in CroíValve's latest funding round was Enterprise Ireland. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in CroíValve's history?
The largest funding round in CroíValve's history was $36M.
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