Shockwave Medical Raises $150M in Convertible Note

Shockwave Medical has successfully raised $150M in a Convertible Note at a $5B valuation led by Aisling Capital, Valiance Life Sciences, EW Healthcare Partners, Longitude Capital.

Company Overview

Shockwave Medical is a MedTech company headquartered in 5403 Betsy Ross Drive, Santa Clara, CA 95054, founded in 2009 with 600+ employees.

Intravascular lithotripsy system

Fundraising Details

• Amount Raised: $150M
• Round Type: Convertible Note
• Valuation: $5B
• Date: 2024-01-10
• Investors: Aisling Capital, Valiance Life Sciences, EW Healthcare Partners, Longitude Capital

About Shockwave Medical

Intravascular lithotripsy system The company is positioned in the MedTech sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: 5403 Betsy Ross Drive, Santa Clara, CA 95054
• Founded: 2009
• Team Size: 600+
• Industry: MedTech

What This Means

This funding round demonstrates strong investor confidence in Shockwave 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. Shockwave Medical's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $5B valuation marks an important milestone for Shockwave Medical, positioning the company among notable players in the MedTech industry.

Looking Ahead

With this new capital, Shockwave 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 2024-01-10. For more information about Shockwave Medical, visit their headquarters at 5403 Betsy Ross Drive, Santa Clara, CA 95054.