FIRE1 Secures $120 Million for Heart Failure Innovation
Deal News | Jan 07, 2025 | Enterprise Ireland
FIRE1, a connected medical device company, has successfully secured $120 million in financing to advance their innovative heart failure care solutions, particularly focusing on their Norm™ system. This financing, supported by key investor Enterprise Ireland, comes concurrently with the U.S. FDA awarding the Breakthrough Device Designation to the Norm™ system, underscoring its potential impact in the healthcare sector. As a recognized leader in connected medical device solutions, FIRE1 aims to utilize this financing to enhance and scale their heart failure care technologies, aiming for a significant improvement in patient management and treatment outcomes.
Sectors
- Medical Devices
- Healthcare Technology
- Private Equity
Geography
- Ireland – Enterprise Ireland is a significant investor in the reported financing, indicating the article's relevance to the Irish investment landscape.
- United States – The FDA's involvement in awarding the Breakthrough Device Designation suggests a geographical link to the United States healthcare regulatory environment.
Industry
- Medical Devices – The article involves FIRE1, a company that specializes in connected medical device solutions, which plays a key role in healthcare innovation.
- Healthcare Technology – FIRE1's focus on heart failure care and the development of new healthcare solutions aligns with the Healthcare Technology sector.
- Private Equity – Enterprise Ireland's role as an investor in FIRE1 connects the article to the Private Equity industry, highlighting financing activities in the sector.
Financials
- $120 million – The financing amount secured by FIRE1 to advance their heart failure care solutions.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| FIRE1 | Target Company | Company | A leading connected medical device solutions company specializing in heart failure care. |
| Enterprise Ireland | Investor | Company | A governmental organization that supports Irish businesses and innovation through funding and investment. |
| FDA | Regulatory Authority | Government | The United States Food and Drug Administration responsible for regulating medical devices, including awarding Breakthrough Device Designations. |