Corvia Medical Nabs $34 Million for Heart Failure Implant

Corvia Medical, which is developing a cardiac implant designed to treat diastolic heart failure, yesterday said it raised a $34 million equity round.

Tewksbury, Mass.-based Corvia said in a regulatory filing that 9 unnamed investors participated in the round, which logged its 1st sale in June 2014. The company, formerly known as DC Devices, closed a $10.7 million funding round in March 2013 and added another $34 million in a Series D round in July 2014.

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