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Approxima Medical: The $9M Stealth Play for a Broken Heart
A tiny team targeting the tricuspid valve with surgical precision and zero web traffic.
In a sea of digital health apps and AI diagnostics, Approxima Medical is doing something radically old-school: they're building hardware to fix a broken heart—literally. With a team of just 18 and $9.3M in funding, they are targeting a multi-billion dollar market that has been historically underserved by big medtech.
"Approxima isn't trying to be the next big thing in digital health; they're trying to be the next essential thing in cardiac surgery."
The Problem: The Tricuspid Gap
Tricuspid valve regurgitation (TVR) is a massive, silent epidemic affecting millions, often written off as a 'secondary' condition. While the mitral and aortic valves have seen decades of innovation, the tricuspid has been notoriously difficult to treat surgically due to its anatomical complexity. Approxima is stepping into this vacuum with a novel interventional approach, moving beyond medical management and open-heart surgery.
The Stealth Growth Strategy
With zero monthly web traffic and a LinkedIn profile pointing to a single executive, Approxima is playing the classic deep-tech startup game: build first, market later. Their $4.7M in revenue on $9.3M funding suggests they aren't just burning cash—they are likely generating early-stage revenue through pilot studies, consulting, or early device sales. They are prioritizing regulatory and engineering milestones over SEO, a smart move in a high-stakes medical device landscape.
The tech stack reveals a utilitarian approach. Using jQuery, Bootstrap, and WooCommerce on their site suggests a focus on function over form—a placeholder until the device is ready for prime time. It’s a stark contrast to the flashy, consumer-facing health startups that dominate headlines. This is infrastructure, not an app.
- Surgical Innovation: Developing a novel treatment specifically for Tricuspid Valve Regurgitation (TVR).
- Lean Operations: Achieving $4.7M in revenue with only 18 employees—a high revenue-per-employee ratio.
- Funding Stability: $9.3M raised indicates strong backing from early-stage medical VCs.
- Niche Focus: Avoiding the crowded mitral/aortic space to dominate a specific, high-need vertical.
The Verdict: A High-Stakes, High-Reward Play
Approxima is a 'buy' for investors looking for hardware-heavy medtech with a clear exit strategy to major players like Edwards or Abbott.
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Approxima medical is developing a novel treatment for patients with tricuspid valve regurgitation
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approximamedical.com uses 14 technologies across their website including Font Awesome, PHP, WordPress, and more.
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