Venari Medical

Venari Medical

Venari Medical is developing innovative medical devices, including BioVena™, for effective treatment of chronic venous disease. They aim to improve quality of life for patients.

Founded 2018 Ireland

Ireland 2-10 employees Grant Total: $7.80M Health Care, Medical Devices

Venari Medical is a pioneering healthcare startup focused on developing innovative medical devices, with their flagship product, BioVena™, designed to revolutionize the treatment of chronic venous disease. With a mission to enhance the quality of life for patients, the company is committed to creating safe, effective, and patient-centered medical devices. Utilizing cutting-edge technologies, Venari Medical aims to introduce BioVena™ as a less invasive, efficient, and faster treatment for venous disease compared to existing practices. Based in the medtech hub of Galway, Ireland, the company is well-positioned to challenge the industry norms and address the lack of substantial innovation in the past decade. The current scenario reveals that only 1.3 million out of 120 million individuals suffering from venous disease in the US & EU receive endovenous treatment annually. This leaves 3 million venous ulcer patients untreated, relying on inadequate compression bandaging. Venari Medical aims to provide a reliable, lower risk, and unparalleled non-thermal treatment, ensuring broader access to effective venous disease treatments. Furthermore, the company's technology holds promise for expanding the use of superficial venous ablation to encompass venous ulcers, which cost insurers in the US & EU approximately $33Bn annually. The potential application of Venari Medical's technology presents a compelling alternative for the entire spectrum of venous disease, from varicose veins to active venous ulcers. Notably, the company secured a significant investment of €2.50M in the form of a grant from The European Innovation Council, marking a milestone in their journey.

Funding Stage	Amount	Investors	Lead Investors	Date
Grant	€2.50M	1	European Innovation Council	23 Mar 2022
Seed Round	$5.30M	3	Enterprise Ireland, Nipro Corporation +1	28 Oct 2020
Seed Round	Undisclosed	1	MedTech Innovator	17 Jun 2019

Funding Stage

Amount

Investors

Lead Investors

Date

Grant

€2.50M

European Innovation Council

23 Mar 2022

Seed Round

$5.30M

Enterprise Ireland, Nipro Corporation +1

28 Oct 2020

Seed Round

Undisclosed

MedTech Innovator

17 Jun 2019

FAQ About Venari Medical

Venari Medical is developing innovative medical devices, including BioVena™, for effective treatment of chronic venous disease. They aim to improve quality of life for patients.

Venari Medical was founded in 2018.

Venari Medical is headquartered in Ireland.

Venari Medical operates in Health Care and Medical Devices. Its work centres on chronic venous disease, BioVena, vascular disease and innovation.

Venari Medical has approximately 2-10 employees.

Venari Medical has completed 3 funding rounds, raising a total of $7.80M. The latest funding stage is Grant.

Top alternatives and competitors to Venari Medical include Veniti, FeelTect, Tactile Medical, Vertiflex Procedure, Vesper Medical, Inc. . These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Venari Medical and Veniti are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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