MIVI Neuroscience

MIVI Neuroscience

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Private Company

Total funding raised: $17M

Overview

MIVI Neuroscience is a private, pre-revenue medical device company founded in 2015 and headquartered in Eden Prairie, Minnesota. The company is developing the next generation of neurointerventional devices, with its lead investigational product being the DAISe™ Thrombectomy System, designed as a mechanical backstop to assist in clot retrieval and reduce distal embolization. MIVI's strategy is deeply collaborative, working closely with neurointerventionalists to identify and solve pressing clinical challenges in stroke treatment, particularly for difficult-to-treat distal occlusions. The company is in the development and regulatory phase, with its technology not yet commercially available.

Acute Ischemic Stroke

Technology Platform

Next-generation mechanical thrombectomy platform focused on improving aspiration in distal vessels and reducing distal embolization via a 'mechanical backstop' design.

Funding History

2
Total raised:$17M
Series A$12M
Seed$5M

Opportunities

The large and growing market for stroke thrombectomy devices, particularly the underserved segment of distal vessel occlusions which account for ~40% of cases.
A significant opportunity exists to reduce the ~20% rate of embolization to new territories, a major complication linked to worse outcomes.

Risk Factors

High clinical and regulatory risk as the lead product is investigational and not yet cleared for sale.
Intense competition from large, established medical device companies with dominant market share and greater resources.
Execution risk in building a commercial organization and driving physician adoption post-approval.

Competitive Landscape

The neurothrombectomy market is dominated by large players like Medtronic, Stryker, Johnson & Johnson (Cerenovus), and Penumbra. MIVI must differentiate by proving superior efficacy in reducing distal embolization or improving revascularization in challenging distal occlusions, where current technologies have limitations.