|Venture Round, 8/2010 ||$105k|
|Venture Round, 12/2012 ||$170k|
|Venture Round, 5/2013 ||$1.09M|
|Venture Round, 7/2013 ||$281k|
|Venture Round, 10/2013 ||$321k|
Proa Medical, Inc. focuses on efficient, high-throughput development and commercialization of innovative medical devices. Developed in partnership with leading physicians, our products are taken from concept through regulatory processes such as FDA and CE Mark to commercial and medical practice.
The healthcare industry is undergoing fundamental changes, and a strong need exists for novel medical devices that are easier to use, more safe, and more efficient. Physicians are often aware of the need to improve their procedures, and often invent novel product concepts in the process. However, the path to take a new medical device to market is fraught with challenges such as intellectual property (IP), regulations, development, manufacturing, distribution, and reimbursement. Moreover, large, established medical device suppliers are often focused on expanding market share with their existing devices. Proa Medical addresses the need for a company that can quickly and cost-effectively navigate all of the challenges to bring physicians’ novel medical devices to market.