About ProVerum Medical
ProVerum Medical is a company based in Dublin (Ireland) founded in 2015 by Riona Ni Ghriallais and Conor Harkin.. ProVerum Medical has raised $118.18 million across 6 funding rounds from investors including Orbimed, Enterprise Ireland and European Union. ProVerum Medical offers products and services including ProVee Stent, ProVee Delivery Device, and ProVee VPU. ProVerum Medical operates in a competitive market with competitors including Neotract, Zenflow, Urotronic, Butterfly Medical and Rivermark, among others.
- Headquarter Dublin, Ireland
- Founders Riona Ni Ghriallais, Conor Harkin
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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- Legal Name Proverum Medical Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$118.18 M (USD)
in 6 rounds
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Latest Funding Round
$80 M (USD), Series B
Aug 25, 2025
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Investors
Orbimed
& 12 more
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Employee Count
Employee Count
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Products & Services of ProVerum Medical
ProVerum Medical offers a comprehensive portfolio of products and services, including ProVee Stent, ProVee Delivery Device, and ProVee VPU. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Device for treating enlarged prostate by opening urethra atraumatically
Tool for precise deployment of ProVee stent in procedures
Unit providing clear visualization for medical device procedures
Funding Insights of ProVerum Medical
ProVerum Medical has successfully raised a total of $118.18M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $80 million completed in August 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $80.0M
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First Round
First Round
(01 May 2018)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2025 | Amount | Series B - ProVerum Medical | Valuation | MVM | |
| Apr, 2022 | Amount | Grant - ProVerum Medical | Valuation |
investors |
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| Jan, 2022 | Amount | Series A - ProVerum Medical | Valuation | Gilde Healthcare |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ProVerum Medical
ProVerum Medical has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Orbimed, Enterprise Ireland and European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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Private equity and venture captial firm focused on healthcare sectors
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Founded Year | Domain | Location | |
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Venture capital fund and fund of funds focused on the life science sector
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ProVerum Medical
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ProVerum Medical
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Proverum Medical Comparisons
Competitors of ProVerum Medical
ProVerum Medical operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Neotract, Zenflow, Urotronic, Butterfly Medical and Rivermark, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Minimally invasive devices in urology
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| domain | founded_year | HQ Location |
A device is developed to treat urinary obstruction from BPH.
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| domain | founded_year | HQ Location |
Urethral stricture treatment devices are developed by Urotronic.
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| domain | founded_year | HQ Location |
Developer of an implantable device for the treatment of benign prostatic hyperplasia (BPH)
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| domain | founded_year | HQ Location |
Medical device for benign prostatic hyperplasia treatment is developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Proverum Medical
Frequently Asked Questions about ProVerum Medical
When was ProVerum Medical founded?
ProVerum Medical was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is ProVerum Medical located?
ProVerum Medical is headquartered in Dublin, Ireland.
Is ProVerum Medical a funded company?
ProVerum Medical is a funded company, having raised a total of $118.18M across 6 funding rounds to date. The company's 1st funding round was a Series A of $33.98M, raised on May 01, 2018.
What does ProVerum Medical do?
ProVerum Medical was founded in 2015 and is based in Dublin, Ireland. Operations focus on the medical device sector, where a minimally invasive implant known as ProVerum is developed to address benign prostatic hyperplasia. This condition involves prostate enlargement that leads to urination difficulties. The device is designed for targeted treatment through outpatient procedures, supporting urological care in the European market.
Who are the top competitors of ProVerum Medical?
What products or services does ProVerum Medical offer?
ProVerum Medical offers ProVee Stent, ProVee Delivery Device, and ProVee VPU.
Who are ProVerum Medical's investors?
ProVerum Medical has 13 investors. Key investors include Orbimed, Enterprise Ireland, European Union, MVM Partners, and EIC Fund.