Fierce Healthcare April 22, 2024
Portable defibrillator company Avive Solutions raised $56.5 million in growth equity financing to build out its staff and commercial developments.
The company has established a network of connected defibrillators across U.S. cities to expedite the time to AED intervention for a person undergoing sudden cardiac arrest, which is crucial to survival.
Questa Capital, Laerdal Million Lives Fund and Catalyst Health Ventures led the funding round. RC Capital and Eckuity Capital invested in Avive for the first time during the round, the company said in a press release April 18.
According to a study by the National Institutes of Health the company cited in its release, only 4% of sudden cardiac arrests involve AEDs, leading to a 10% nationwide survival rate,...
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