Corify Care Secures €6M Funding for Global Expansion
Deal News | Dec 11, 2024 | Iberian Lawyer
Corify Care, a leading medical technology company specializing in cardiac arrhythmias, has successfully closed a €3 million financing round, led by Clave-Mondragon and advised by RCD. This funding round was further bolstered by public grants amounting to an additional €3 million, bringing the total raised to €6 million. These funds will support Corify Care as it aims to expand its reach within Europe and enter the U.S. market with its innovative ACORYS technology, which provides real-time global mapping of cardiac electrical activity. The company plans to initiate activities in Germany and the United States by 2025 and has formed strategic alliances with various Mondragon cooperatives to enhance its device production capabilities. This expansion is part of Corify Care's broader growth strategy, which includes a significant increase in treated patients and solidifies its presence in the cardiovascular health sector.
Sectors
- Medical Technology
- Healthcare
- Venture Capital
Geography
- Spain – Corify Care is based in Spain and has received funding and advisement from Spanish companies.
- Germany – Germany is a target market for Corify Care's expansion plans in 2025.
- United States – The United States is a significant future market for Corify Care, with planned entry in 2025.
Industry
- Medical Technology – Corify Care operates within the medical technology sector, focusing on innovations in diagnosing and treating cardiac arrhythmias.
- Healthcare – The healthcare industry is relevant as Corify Care's technology aims to improve patient outcomes and treatment in cardiac health.
- Venture Capital – Clave-Mondragon's involvement as a lead investor highlights the role of venture capital in funding innovation within the medical technology sector.
Financials
- €3 million – Amount raised in the private financing round led by Clave-Mondragon.
- €3 million – Amount received through public grants, contributing to the total funding.
- €6 million – Total funding secured by Corify Care, combining private investment and public grants.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Corify Care | Target Company | Company | Corify Care is a medical technology company focused on diagnosing and treating cardiac arrhythmias. |
| Clave-Mondragon | Lead Investor | Company | Clave-Mondragon is a venture capital firm leading the recent financing round for Corify Care. |
| RCD | Legal Advisor | Company | RCD provided legal advisory services for the financing round. |
| Andreu Climent | CEO | Person | Andreu Climent is the CEO of Corify Care. |
| Mondragon cooperatives | Strategic Partners | Company | Mondragon cooperatives are partners, ensuring scalability in Corify Care's device production. |