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Magenta Medical raises $55 million for world’s smallest heart pump – CTech

Magenta Medical raises $55 million for world’s smallest heart pump – CTech

Magenta Medical, which is developing what it claims to be the world’s smallest heart pump, announced on Wednesday that it has raised a $55 million financing round led by global healthcare investment manager OrbiMed, with participation from existing investors New Enterprise Associates (NEA), Pitango VC, and ALIVE – Israel HealthTech Fund.Full list of Israeli high-tech funding rounds in 2023The financing will be used, among other things, to advance the clinical programs of the company’s product in the United States towards its first FDA approval. The company currently employs 64 people, most of them in Kadima, Israel.1 View galleryDavid Israeli.(Photo: Yoram Resehf)The… 

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