New Vivasure funding brings tally to €18m

Galway medical device firm Vivasure has raised €700,000 in fresh funding from existing backers

It brings the amount of money that has been raised by the Irish company over the past six years to over €18m.

Vivasure Medical has developed a technology for use in vessel closure during surgery.

The company has just raised fresh funds from US firms Orchestra Medical Ventures, as well as Ascent Biomedical Ventures. Fountain Healthcare Partners, the Dublin-based investment firm, has also invested again, as has the Western Development Commission.

In January this year, Vivasure raised a total of €1.2m from those investors. Last year, they provided €3.8m in funding.