BCV secures €6M in Series A financing round

BCV announced that the company has secured €6 million in a Series A round of financing led by New-York based Forepont Capital Partners, an international venture capital firm investing in disruptive biotech & medtech start-ups. Other investors include Palo Alto based NTI, France based MEDCO and existing French investors. This Series A funding brings the total amount raised since inception to €13M. BCV’s Series A remains open until March 31st 2024.

“Forepont is proud to lead BCV’s series A raise to support the advancement of BCV’s superior technology that has already been endorsed by over 100 international interventional radiology experts in the US and in Europe,” says Frederic Batoua, a Partner at Forepont Capital partners.

“Our technology, applied to a guidewire, will be a disruptive change in minimally invasive procedures improving patients’ outcomes,” says Raphaël Blanc, M.D., Chairman & Co-Founder, BCV.

The funding will accelerate the development of BCV’s range of active mechatronic1 guidewires, from manufacturing to go-to-market. BCV has already built a plant in Reims to secure in-house manufacturing and R&D evolution toward miniaturization.

“This round of financing will enable BCV to progress toward FDA and CE mark approval,” adds Thierry Col, CEO, BCV. “Forepont and NTI will accelerate BCV’s development first in the US market thanks to a premier network in endovascular access,” concludes Thierry Col.

The patented innovation consists of an actuable2 guidewire controlled by a smart handle and a generator. The BCV system’s shape-memory alloy technology enables distal tip control improving practitioners’ gestures and demonstrating superior performance over existing advanced actuation technologies.

“BCV creates an opportunity to simplify and speed up access in complicated anatomies, a critical part of all endovascular procedures,” as Adnan H. Siddiqui, MD, PhD, FACS, FAHA (USA) underlines.

This steerable mechatronic guidewire is designed to enhance safety, reduce procedure time and produce better outcomes, providing support during critical interventions performed for stroke or artery diseases.
MB Bureau