NeoChord

NeoChord

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Private Company

Total funding raised: $48M

Overview

NeoChord is a pioneering medical device company developing and commercializing a novel, minimally invasive solution for mitral valve repair. Its core technology, the DS1000 system, allows for transapical implantation of artificial chordae on a beating heart under echocardiographic guidance, offering a potential alternative to traditional open surgery or complex transcatheter approaches. The company is CE-marked and commercially active in Europe but remains in the investigational stage in the United States. With a seasoned board and a focus on a large cardiovascular market, NeoChord is positioned as a specialist in direct repair techniques.

Cardiovascular

Technology Platform

The NeoChord Artificial Chordae Delivery System (DS1000) is a single-use device for transapical, off-pump, beating-heart implantation of artificial chordae under real-time 2D/3D echocardiographic guidance to treat mitral valve regurgitation.

Funding History

3
Total raised:$48M
Series C$25M
Series B$15M
Series A$8M

Opportunities

The large and growing market for mitral valve repair, particularly among patients seeking a less invasive alternative to open surgery but who may not be ideal candidates for transcatheter edge-to-edge repair.
The company's CE mark provides a commercial foundation in Europe to generate real-world evidence and revenue while pursuing the larger U.S.
market.

Risk Factors

Regulatory risk in obtaining FDA approval, competition from established transcatheter devices and surgical techniques, and the challenge of driving clinical adoption of a specialized surgical procedure that requires specific training in echocardiographic guidance.

Competitive Landscape

NeoChord competes in the structural heart market dominated by large players like Abbott (MitraClip/TriClip) and Edwards Lifesciences (PASCAL) in transcatheter repair, as well as traditional surgical valve repair/replacement. It positions itself as a minimally invasive surgical alternative, focusing on direct anatomical repair for a specific patient subset, rather than a broad transcatheter solution.