Avinger

Avinger

Is this your company? Claim your profile to update info and connect with investors.
Claim profile

Private Company

Total funding raised: $140M

Overview

Lumivascular (Avinger) is a private medical device innovator focused on transforming the treatment of coronary Chronic Total Occlusions (CTOs). Its core technology platform integrates real-time intravascular OCT imaging directly into a CTO-crossing catheter, aiming to provide unprecedented procedural accuracy while reducing reliance on fluoroscopy and contrast dye. Founded by seasoned medtech veterans, the company holds an extensive IP portfolio and is developing a platform intended to expand global access to complex CTO procedures. It appears to be in the late-stage development or early commercial phase, building on the founders' prior successful exits in the vascular device space.

Cardiovascular Disease

Technology Platform

Integrated real-time intravascular Optical Coherence Tomography (OCT) imaging combined with a Chronic Total Occlusion (CTO) crossing catheter.

Funding History

5
Total raised:$140M
PIPE$20M
IPO$40M
Series C$40M
Series B$25M

Opportunities

The platform targets a large, under-penetrated market of coronary CTO procedures, where current techniques rely heavily on guesswork.
By enabling real-time visualization, it can potentially increase procedural success rates, reduce complications, and expand the pool of physicians able to perform these complex interventions, driving significant adoption.

Risk Factors

Key risks include the need to successfully complete clinical trials and obtain regulatory clearance (FDA/CE Mark) for a novel combination device.
Commercialization risks involve overcoming entrenched procedural habits in a conservative market and competing against large, established medical device companies with significant resources.

Competitive Landscape

Competition includes large medtech players (e.g., Abbott, Boston Scientific, Medtronic) offering advanced guidewires, microcatheters, and intravascular ultrasound (IVUS) for CTO crossing. Lumivascular's differentiation is the direct integration of high-resolution OCT imaging into the therapeutic catheter, a unique approach not currently available commercially for coronary CTOs.