Ceryx Medical Secures £5M Funding to Advance Heart Failure Therapies
Deal News | Jun 16, 2025 | Business Cloud
Cardiff-based MedTech company Ceryx Medical has secured an additional £5 million in funding, raising its total to £11 million. This latest funding round includes investments from notable entities such as the Development Bank of Wales, Parkwalk Advisors, and BGF. The capital injection will focus on advancing their second product, a permanent pacemaker that responds physiologically to support chronic heart failure patients. Ceryx's lead product, a temporary cardiac pacing device, is under clinical evaluation and has shown promise in improving patient recovery post-cardiac surgery. CEO Stuart Plant sees this investment as a validation of their innovative approach, emphasizing the potential of their permanent pacing platform to reshape heart failure treatment. The company, which originated from research at the Universities of Bristol, Bath, and Auckland, collaborates closely with academic and clinical partners to further its medical advancements.
Sectors
- MedTech
- Healthcare
Geography
- United Kingdom – Ceryx Medical is based in Cardiff, Wales, and involves investments from institutions like the Development Bank of Wales, indicating its geographical connection to the UK.
Industry
- MedTech – Ceryx Medical operates in the MedTech industry, focusing on developing advanced medical devices such as cardiac pacing devices for heart failure treatment.
- Healthcare – The company's products are directly involved in healthcare as they aim to improve treatment for patients suffering from heart failure.
Financials
- £5 million – The amount raised in the recent funding round to advance the development of a permanent, physiologically responsive pacemaker.
- £11 million – The total amount of funding Ceryx Medical has raised to date.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ceryx Medical | Target Company | Company | A Cardiff-based MedTech company focused on developing therapies for heart failure. |
| Development Bank of Wales | Investor | Company | A leading financial institution providing funding for businesses in Wales. |
| Parkwalk Advisors | Investor | Company | A UK investment management firm specializing in backing UK growth businesses. |
| BGF | Investor | Company | A major investment company providing capital support to growing companies. |
| Stuart Plant | CEO | Person | CEO of Ceryx Medical. |
| Universities of Bristol, Bath, and Auckland | Research Partner | Company | Institutions from which Ceryx Medical was spun out, collaborating in its research efforts. |