Aqua Therapeutics Secures $2mln Investment from Series A Lead Investor
GEO MedTech Venture Fund is pleased to announce the closing of its Series A investment as the lead investor in Aqua Therapeutics, a medical device company based in Santa Ana, California. Aqua Therapeutics is on a mission to revolutionize the treatment of Abnormal Uterine Bleeding (“AUB”), a common condition affecting millions of women worldwide.
With a team of experts in the field of medical technology, Aqua Therapeutics has developed an innovative, office-based treatment focused on providing a safer and more effective alternative for patients suffering from AUB. In two feasibility studies, the Aqua Therapeutics system performed successfully, exceeding the expectations of its team.
“This investment by GEO MedTech is a testament to our commitment to supporting companies like Aqua Therapeutics that are developing innovative solutions with the potential to improve the lives of countless people, disrupt the market, and drive growth in their sector” Mr. Augusto Valli, General Partner, GEO MedTech Ventures mentioned.
As lead investor, GEO MedTech appointed its Venture Partner, Mr. Nicholas Puro to represent the Series A Shares on the board of directors of Aqua Therapeutics, while Mr. Giovanni Di Napoli, President of the GI Division at Medtronic Inc. and senior advisor to GEO MedTech, will serve as an independent member on the board.
Mr. George Bourne, Aqua Therapeutics’ CEO, commented: “...we are extremely pleased to have GEO MedTech as the lead investor and partner for our Series A round of financing. Their support is a significant company milestone and will allow us to successfully launch this novel technology providing physicians a unique way to treat women with AUB. The funding will provide our team the ability to prepare our system for an upcoming First in Women study”.
“I am very impressed with the Aqua Therapeutic team, technology, and early results. This technology has the ability to positively impact women’s health worldwide. I am excited to guide the team to get this technology across the finish line” commented Mr. Giovanni Di Napoli.
“GEO MedTech is honored to be a part of Aqua Therapeutics’ journey and we look forward to working with their talented team to bring their vision to life” Mr. Nicholas Puro concluded.