Connected automated external defibrillator (AED) maker Avive Solutions announced that it closed a $56.5 million growth equity financing.
Questa Capital, Laerdal Million Lives Fund (LMLF) and Catalyst Health Ventures led the financing round. New investors, including RC Capital and Eckuity Capital, also participated.
San Francisco-based Avive plans to use the funds to accelerate its commercial developments in the U.S. and to expand its team. The company aims to improve cardiac arrest survival rates by offer portable, ready-to-use AEDs in communities, schools, businesses and homes. It wants to create a new paradigm, making AEDs accessible in the critical early minutes of a cardiac emergency.
The Avive Connect AED delivers robust internet connectivity through cellular, WiFi, GPS and Bluetooth integration. It features the Avive Intelligent Response Platform, powering a “4-Minute City” program. This aims to improve survival rates in the U.S. through historical sudden cardiac arrest (SCA) data.
“Since we successfully launched our Avive Connect AED in the summer of 2023, we’ve been incredibly encouraged by the tremendous demand we’ve seen for our lifesaving technology,” said Avive CEO Sameer Jafri. “We are grateful for the strong support from our investors, and look forward to partnering with them to enable many more lifesaving stories and impact.”
