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Rapid Medical: Closes $50M Series D Financing | Fintech InShorts: Latest fintech news, analysis by experts

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Rapid Medical: Closes $50M Series D Financing

By Steve Sam

May 27, 2021

Rapid Medical Closes $50M Series D Financing

Rapid Medical, a Yokneam, Israel-based company focused on the development of responsive, adjustable neurovascular devices, closed a Series D financing of $50M
The round was led by MicroPort with participation from CITIC private equity fund (CPE), Deep Insight and existing investors
As part of the financing round, Chen Chen, a principle at CPE, will join companies board of directors
The company develops interventional devices for endovascular diseases such as ischemic and hemorrhagic stroke
Utilizing novel manufacturing techniques, the company’s products are remotely adjustable and fully visible
This enables physicians to respond in real-time to the intravascular environment and have greater control over procedural outcomes

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