Swedish MedTech startup MedVasc AB raised €917k in a financing round to support final product development for their catheter device and FDA regulatory approval in the US.
The funding attracted existing owners and new investors, providing an opportunity to enter the US market.
MedVasc AB, founded in 2013, has developed the Solutio catheter to enhance anaesthetic procedures for varicose veins treatment, with plans for FDA submission in 2026.
The company is part of SmiLe's incubator programme in Lund, focusing on advancing life science and FoodTech startups.