Reva Medical is a medical device company focused on developing and commercializing bioresorbable polymer technologies for vascular applications. Its product portfolio includes the MOTIV peripheral vascular bioresorbable scaffold, Fantom and Fantom Encore coronary bioresorbable vascular scaffolds, and TyroSphere embolic beads. The company is led by President and CEO Jeffrey Anderson. Reva intends to use recent financing proceeds to support ongoing operating, clinical and capital needs. Specifically, funds will help advance the clinical program for its MOTIV Peripheral Vascular Bioresorbable Scaffold. Reva Medical is a San Diego-based medical device company developing Fantom, a bioresorbable coronary stent (scaffold) made from the company’s proprietary polymer. Fantom is designed to dissolve over time, leaving the artery free of a permanent implant and allowing the artery to return to its natural movement. The company completed a $25 million financing transaction that included senior unsecured convertible notes and issued 8,750,000 options tied to those notes. Each option allows the noteholders to purchase one share of Reva’s common stock. Proceeds from the financing will be used to fund ongoing operating, clinical, and capital needs, including the clinical program for Fantom. Investors named in the transaction include Goldman Sachs International and Senrigan Master Fund.

Total raised

$70M

Funding rounds

2

Latest round

Series B

Latest activity

Aug 2022