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Successful Ventures invests in Devicare

Inveniam has advised Devicare in the round and the closing of the invesment of Successful Ventures

Life Sciences

Successful Ventures invests in Devicare. The Business Angels network led by Fran Piera, Ot Vila and Dani Romy, which currently has more than 100 active investors and which in 2019 invested 1.8 million euros in 15 technology-based startups, is starting its journey in the e-health sector with the help of the leading Spanish company in urology, Devicare, which after consolidating the marketing of its products in Spain, will invest in starting its internationalization, which has already begun with the signing of more than 45 distribution contracts in as many countries throughout the 5 continents to market Lit-Control®; the innovative therapeutic solution made up of four products, patented, clinically proven, and scientifically endorsed by the most important urologists in the field at an international level.

“We are very excited about this investment, in whose analysis we have prioritized our market penetration metrics along with the absence of competition and the total overcoming of regulatory barriers in the face of the inherent increase in time between investment and disinvestment of biotech vs ICTs. The decisive factor has been the team, and in particular its CEO, Rosendo Garganta, whose expertise in the sector and seniority in business development have given us security and confidence in this joint project, which will surely be the first of many” said Fran Piera, Administrator of Successful Ventures.

Rosendo Garganta expressed his satisfaction with the entry of the new partner: “The experience of Successful Ventures’ partners in the analysis and legal consultancy of technology start-ups, together with their alliances with International Investment Funds, make them a strategic partner that provides us with a considerable added value in this phase of internationalisation that we are beginning”.

Inveniam Group, a corporate finance and strategic advisory firm, specialized in transactions in the health sector, has advised Devicare in the round and the closing of this successful transaction with Successful Ventures.