CorWave’s €35 Million Series C Financing

CorWave's €35 Million Series C Financing

Linklaters, Dechert, and Bird & Bird advised on the deal.

CorWave closed its Series C financing for a total amount of €35 million. Historical investors Bpifrance, Sofinnova Partners, Novo Holdings, Seventure, Ysios Capital and one of the new investors, Financière Arbevel, participated in the financing.

CorWave is a French company that develops innovative cardiac assistance devices. This round of financing will allow CorWave to finalize its device, produce human implantable cardiac pumps and start its clinical trials.

Linklaters advised EIC Fund with Darko Adamovic (Picture), Mehdi Boumedine, and Margaux Sartre.

Dechert advised the investors with partner Anne-Charlotte Rivière, assisted by associate Aude Steinberg, advised the historical investors as well as the new investor Financière Arbevel on the legal aspects of the financing.

Bird & Bird advised CorWave with a team led by Emmanuelle Porte, with Yara Bou Antoun and Jasmine Javault.

Involved fees earner: Yara Bou Antoun – Bird & Bird; Jasmine Javault – Bird & Bird; Emmanuelle Porte – Bird & Bird; Anne-Charlotte Rivière – Dechert; Aude Steinberg – Dechert; Darko Adamovic – Linklaters; Mehdi Boumedine – Linklaters; Margaux Sartre – Linklaters;

Law Firms: Bird & Bird; Dechert; Linklaters;

Clients: Bpifrance; CorWave; European Innovation Council Equity Fund (EIC); Financiere Arbevel ; Novo Holdings A/S; Seventure Partners; Sofinnova Partners; Ysios Capital;

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Author: Ambrogio Visconti