Recor Medical Raises $125M in Series D

Recor Medical has successfully raised $125M in a Series D at a $400M valuation led by Deerfield Management, Boxer Capital, Cormorant Asset Management, Novo Holdings.

Company Overview

Recor Medical is a MedTech company headquartered in 125 Shoreway Road, San Carlos, CA 94070, founded in 2009 with 150+ employees.

Renal denervation system for hypertension

Fundraising Details

Amount Raised: $125M
Round Type: Series D
Valuation: $400M
Date: 2024-02-22
Investors: Deerfield Management, Boxer Capital, Cormorant Asset Management, Novo Holdings

About Recor Medical

Renal denervation system for hypertension The company is positioned in the MedTech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 125 Shoreway Road, San Carlos, CA 94070
Founded: 2009
Team Size: 150+
Industry: MedTech

What This Means

This funding round demonstrates strong investor confidence in Recor Medical's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The MedTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Recor Medical's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $400M valuation marks an important milestone for Recor Medical, positioning the company among notable players in the MedTech industry.

Looking Ahead

With this new capital, Recor Medical is well-positioned to execute on its growth strategy and continue building innovative solutions in the MedTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-02-22. For more information about Recor Medical, visit their headquarters at 125 Shoreway Road, San Carlos, CA 94070.

Recor Medical