The Galway medtech startup led by Brian Shields has closed an oversubscribed Collection C financing spherical for its Neuromark medical system that treats persistent rhinitis.
MVM Companions led the funding spherical, with “important” participation from Sofinnova Companions, whereas additional funding got here from present buyers EQT Life Sciences, Atlantic Bridge, Fountain Healthcare Companions and Enterprise Eire. Kyle Dempsey, associate at MVM Companions, and Cedric Moreau, associate at Sofinnova Companions can even be part of as board administrators.
The corporate’s progressive Neuromark medical system employs its proprietary Impedance Managed Radiofrequency know-how to focus on the overactive posterior nasal nerves (PNN) that drive the signs of persistent rhinitis, which impacts tens of millions worldwide.
“I’m delighted to welcome MVM Companions and Sofinnova Companions to the Neurent Medical workforce, two world leaders in medtech investing,” mentioned co-founder and CEO of Neurent Medical, Brian Shields. “This Collection C financing will assist our business enlargement and assist convey Neuromark to the sufferers and physicians who want it most.”
“Tens of millions of sufferers undergo from persistent rhinitis, and posterior nasal nerve ablation represents a strong software to supply confirmed aid,” mentioned MVM’s Dempsey. “On this quickly rising class, Neurent has set a brand new commonplace with a best-in-class answer, powered by a proprietary impedance management system that delivers real-time suggestions, giving clinicians higher remedy confidence, management, and predictability throughout each process.”
“Neurent Medical has developed a really differentiated method supported by a rising physique of scientific proof demonstrating significant and sturdy affected person profit,” added Cedric Moreau. “We additionally see important potential to broaden this platform into further indications, and we’re assured in our partnership with Neurent Medical at this pivotal stage of business development.”
Shields says that the brand new funding will enable it to broaden affected person entry, allow additional proof technology throughout broader populations and assist the continued improvement of its pipeline choices.
Shields was a speaker at our Founders Change occasion again in 2025 the place he provided fellow start-ups his learnings and recommendation on fundraising, in addition to emphasising the significance of constructing an excellent workforce, one thing he mentioned was important when Neurent was organising its personal manufacturing facility in Oranmore. On the time of the launch Neurent mentioned it might create 125 extremely expert jobs by the top of 2028, with roles in engineering, high quality management, operations, provide chain, gross sales and advertising and marketing.
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