CardiAQ Valve Technologies (CVT) is developing the world’s first self-conforming and self-anchoring technology for transcatheter mitral valve implantation. The initial indication for this percutaneous valve will be treating functional mitral regurgitation to prevent heart failure. CVT is located in Irvine, California and is led by CEO Rob Michiels, formerly of CoreValve. Three years after our initial investment CVT had attracted over $40M in follow on funding from angels and venture capital firms.
CVT was acquired by Edwards Lifesciences in 2015.