Approxima Secures €7.3M Series A Co-led by Panakès and ENEA Tech
Deal News | Mar 05, 2025 | Legal Community Italy
Rucellai & Raffaelli provided legal assistance to Panakès Partners and ENEA Tech and Biomedical in their co-led Series A investment in Approxima Srl, a MedTech startup. Approxima aims to develop a revolutionary percutaneous technology for the right ventricular remodeling to address tricuspid insufficiency. The €7.3 million round will facilitate advanced preclinical and pilot clinical studies, bringing Approxima's innovative solution closer to definitive clinical validation. This partnership reflects a commitment to advancing technology in the life sciences sector and improving treatment options for high-risk patients where current surgical solutions fall short.
Sectors
- MedTech
- Venture Capital
- Biomedical Research
Geography
- Italy – All the primary participants, including Approxima Srl, Panakès Partners, and ENEA Tech, are based in Italy, highlighting the country's role in fostering MedTech innovation.
Industry
- MedTech – Approxima Srl operates in the MedTech sector, focusing on innovative medical technologies for the treatment of tricuspid insufficiency.
- Venture Capital – Panakès Partners and ENEA Tech are involved as venture capital investors in this funding round, demonstrating their role in supporting innovative startups.
- Biomedical Research – ENEA Tech's participation indicates a focus on biomedical research, supporting technological advancement in this field.
Financials
- €7.3 million – The total amount raised in Approxima's Series A funding round co-led by Panakès Partners and ENEA Tech.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Approxima Srl | Target Company | Company | A MedTech startup and spin-off of the Politecnico di Milano, focused on developing percutaneous technologies for ventricular remodeling. |
| Panakès Partners | Venture Capital Firm | Company | A venture capital firm investing in life sciences technologies, co-leading the Series A funding round for Approxima. |
| ENEA Tech and Biomedical | Venture Capital Firm | Company | A foundation under the supervision of the Ministry of Enterprises and Made in Italy and the Ministry of Health, investing in innovative startups and SMEs. |
| Rucellai & Raffaelli | Legal Advisor | Company | Provided legal assistance for the investment operation in Approxima's Series A funding round. |
| Enrico Sisti | Partner | Person | Partner responsible for M&A, Corporate, and Transactional at Rucellai & Raffaelli, leading the legal advisory. |
| Riccardo Castagna | Senior Associate | Person | Senior Associate at Rucellai & Raffaelli, part of the legal advisory team for the transaction. |