What is CroíValve?
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:
Multiple Rounds
$12.8M
Unspecified
$9M
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.
See full CroíValve company page