FIRE1 Raises $25 Million to Revolutionize Heart Failure Home Monitoring

15/03/2023 - 16:27 | Portfolio

DUBLIN – March 15, 2023 – 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, FIRE1’s CEO and President. “FIRE1's ability to raise an oversubscribed financing from investors of this calibre is a testament to the size of the opportunity in front of us. I also want to thank our existing investors for their ongoing support. 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 FIRE1’s Board of Directors.

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