FIRE1 Raises $25 Million to Revolutionize Heart Failure Home Monitoring
Summary
DUBLIN--(BUSINESS WIRE)--FIRE1, today announced the close of a $25 million financing round led by new investors Andera Partners and Novo Holdings, with participation and ongoing support from existing investors Gilde Healthcare, Gimv, the Ireland Strategic Investment Fund, Lightstone Ventures, Medtronic, New Enterprise Associates and Seventure Partners.The financing provides FIRE1 with capital to accelerate the development of its novel remote monitoring solution to improve outcomes for heart failure patients.We are delighted to add two premier healthcare investors to our existing world-class syndicate, said Conor Hanley, FIRE1s CEO and President. This capital will help us to achieve our mission of helping millions of heart failure patients around the world regain their normal lives.It was also announced that Aneta Sottil, Director, Andera Life Sciences, and Eric Snyder, Partner, Venture Investments at Novo Holdings, have joined FIRE1s Board of Directors.We have been impressed by the FIRE1 team and their drive to change the lives of heart failure patients. Its investors include Gilde Healthcare, Gimv, the Ireland Strategic Investment Fund, Lightstone Ventures, Medtronic, New Enterprise Associates and Seventure. Further information: www.fire1foundry.com.Created over 20 years ago, Andera Partners is a major player in private company investments in France and internationally. Responsible and committed, the management company regularly forms partnerships with non-profit sector entities and takes concrete action in the fight against global warming.Anderas 15-person life sciences team brings together extensive experience in the life sciences industry, private equity and venture capital.