DIEPENBEEK, Belgium and ANAHEIM, Calif. , July 12,
2024 /PRNewswire/ -- Bedal International, a Belgian
based medical device company delivering next generation catheter
securement solutions, today announces the successful closing of a
$11 million funding round. The
investment will be used to support the company's ongoing global
growth. Bedal has offices in Belgium (EU) and in Anaheim, CA.
The funding round was led by White Fund, a Belgian MedTech
venture capital fund, and SFPIM, the sovereign wealth fund of
Belgium. The round also saw
participation from U.S.-based MedTech investors, as well as Bedal's
leading existing investors, F3Finance and LRM. The management team
of Bedal also contributed to this funding round.
"Since we founded Bedal, it has already been an incredible
journey from launching the devices to growing into a global
footprint." said Alexander Van
Damme, CEO of Bedal International. "This new funding marks
the beginning of a next chapter for us, focused on setting a new
standard in the market."
Bedal markets the FlexGRIP catheter securement devices, which
help patients safely secure their catheters, reducing the risk of
complications and improving overall patient outcomes. The FlexGRIP
devices are in use in more then 34 countries globally, and Bedal
succesfully closed global deals with market leading catheter
companies. The additional funding will allow Bedal to expand its
operations and commercial efforts, with a strong focus on further
growing in the US market.
"White Fund and SFPIM are excited to support Bedal's mission to
improve patient care through its innovative devices," said
Eric Brandt of White Fund, Céline
Vaessen, CIO at SFPIM also adds "We believe in Bedal's potential to
become the golden standard for catheter care. We are proud to be
part of their promising growth journey and are committed to
supporting their product development engine with the ambition of
making a profound impact on the lives of patients and
caregivers."
Previously, Bedal also attracted an industry veteran,
Steve Bierman, MD, who was the
original creator of the industry and developed the catheter
securement market. Dr. Bierman has taken on the role of co-CEO,
bringing his extensive experience and vision to the company.
Bedal was founded based on the experiences of one of the founders,
who discovered the challenges of catheter care during his cancer
treatment. The FlexGRIP devices are used hospital wide in
applications such as cancer treatment, post operative care and the
Intensive care unit. Recently, Bedal also launched a pediatric
range of products, tailored to the needs of young patients.
FlexGRIP is a registererd trademark of Bedal
International
About White Fund
White Fund is a Belgian venture
capitalist fund specifically dedicated to the medtech sector and
positions itself as a high value-added investment fund. In addition
to its finance mission, White Fund aims to support companies in the
key stages of their development. Its multi-disciplinary team and
extensive network, with experience of both medtech expertise and
the world of investment, are key assets for portfolio
companies.
More info: www.whitefund.be
About SFPIM
The Federal Participation and Investment
Company (SFPIM) is Belgium's
Sovereign Wealth Fund. SFPIM aims to be a reliable partner for
Belgian companies, both SMEs and scale-ups, helping them become
leaders in their sectors by offering "smart capital solutions."
SFPIM also plays a significant role in ensuring the long-term
stability of the Belgian economy by contributing to the anchoring
of strategic assets through "smart capital solutions" in both
promising and established companies or ecosystems.
SFPIM invests in a wide range of companies and sectors, including
life sciences, finance, aerospace, energy, transport &
mobility, and impact investing. More info: www.sfpim.be
About F3 Finance
F3 Finance is a niche investment
boutique for family investors and entrepreneurs. With a focus on
public and private equity investments, F3 Finance aims to support
companies in realizing their growth plans.
More info: www.f3finance.be
About LRM
LRM is a return-driven investment
company that fosters and stimulates sustainable economic growth in
and from Limburg. We are the driving force in a unique regional
ecosystem, providing risk financing and expertise to companies and
projects that promote prosperity and well-being in Limburg and
Flanders.
More info: www.lrm.be
About Bedal International
Bedal International, a
dynamic scale-up in the medical device industry, focuses on
specialized catheter securement solutions. The FlexGRIP®
products prioritize patient well-being and healthcare provider
convenience. Dedicated to innovation, Bedal International strives
to enhance the overall quality of patient care. Explore more at
www.flex-grip.com
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SOURCE Bedal International