Rapid Medical Raises $20 Million In New Funding To Support Clinical And Commercialization Of First-In-Class Stroke Treatment Products

Rapid Medical, a company focused on the development of interventional neurovascular devices, announced today that it has completed an oversubscribed Series C financing of $20 million. The proceeds will be used for the completion of the TIGER U.S. IDE study and to support accelerating commercial growth of the company's minimally invasive stroke treatment and prevention products worldwide. The round was led by JAM Capital Partners and MicroPort with participation from Agate JT, RocSon Medtech Fund and existing investors.