Irish medtech Fire1 raises $25m in financing

The connected medical device solutions company’s backers include the Ireland Strategic Investment Fund

Fire1’s flagship solution is focused on heart failure, something which affects over 60 million patients worldwide. Picture: Bloomberg

Fire1, an Irish medtech company, has raised $25 million (€23.7 million) to accelerate the development of a novel remote monitoring solution to improve outcomes for heart failure patients.

The company, which is headquartered at DCU Alpha in Dublin, is led by Conor Hanley. The latest financing, which was led by new investors Andera Partners and Novo Holdings, brings to over $100 million the total raised to date by the firm.

Fire1, which was named emerging ...