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Venture Capital News: Q'Apel Medical Raises $22M in Series C

2021-02-11
FREMONT, CA, Q'Apel Medical announced today it has raised $22M in Series C funding.
Q'Apel Medical, an innovative neurovascular company specializing in developing and commercializing novel access device technology for vascular interventions, announced today it has raised $22 Million in Series C funding. The round included River Cities Capital, Soleus Capital, and incumbent investor Research Corporation Technologies (RCT). Scott Huennekens, former Chairman, CEO and President of Verb Surgical, and Carter McNabb, Managing Director, River Cities Capital, will join the Board of Directors.

Q'Apel Medical leverages highly innovative technologies to help physicians overcome their challenges concerning the delivery of successful neurovascular procedures. The company's portfolio comprises two core products, the Walrus Balloon Guide Catheter (BGC) system, and the Wahoo Control™ Catheter hybrid access system. Q'Apel's Walrus BGC is specifically designed to assist doctors in performing mechanical thrombectomy procedures on stroke patients. Unlike existing balloon guide catheter products, the Walrus BGC has unmatched trackability, as well as a larger lumen which allows for the delivery of complex therapies and large bore stroke aspiration catheters. The Wahoo Control™ Catheter is a dual-mode hybrid access system, providing two distinct operational modes - Tracking Mode and Support Mode. The physician controls the change of modes at any given moment during a clinical case. The hybrid nature of Wahoo reduces the need for multiple catheters in challenging procedures.
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