MedCity News January 7, 2025
FIRE1 raised $120 million for its Norm system — a heart failure monitor implant that seeks to keep patients out of the hospital.
On Tuesday, an Irish startup named FIRE1 raised $120 million for a system that manages one of the leading causes of death worldwide: heart failure.
FIRE1 — which was founded in Dublin in 2016 — is developing a heart failure monitor implant that aims to help patients manage their condition at home, reducing the need for hospital visits. The startup has raised $210 million to date.
The new funding round was led by Polaris Partners and Elevage Medical Technologies. Other participants included Medtronic, Novo Holdings, Sands Capital and Longitude Capital.
FIRE1 CEO Conor Hanley noted that his...
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