Montreal, Friday October 14th, 2022. Steer Medical Inc, a medical device company in the interventional cardiology space has completed its first, significant round of investment. The capital raise was led by Val Veny Investments..
Steer Medical specializes in the manufacturing and design of innovative catheter shafts, catheters and delivery systems for the interventional cardiology space is now well positioned for the future. The investment will be used to expand their manufacturing capabilities, infrastructure, intellectual property portfolio and for hiring of additional talent.
Steer Medical was founded in early 2019 as part of an effort to significantly improve and address the medical device industry supply shortcomings in the interventional cardiology space. Its focus is on developing catheter solutions and improving patient outcomes.
“We are thrilled to be making this announcement today, said Michael Froncioni, CEO of Steer Medical, as It signals that Steer Medical is now positioned for the future, particularly, for offering great service to our customers Worldwide.”
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Alan Clack, CFO
514-824-6000
aclack@steermedical.com
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