{"_id":"agxzfmlsbGlzdHNpdGVyGAsSC05ld19Db21wYW55GICA4Kv02KwKDA","lastupdate":"2023-12-21T00:00:00.000Z","update_date":"2023-12-21T00:00:00.000Z","lastModified":"Sep 7, 2024","active":1,"confidence_score":99,"confidence_score_reason":"markets","urlname":"veinway","minimal_profile":null,"status":"","fullstatus":"","acquired":0,"hide_reason":null,"hide_reason_data":null,"hide_reasons":[{"id":"8257rxn4P8EFQOmS5hAAauHyYMhhxrA5u6yWX4XUShpybX3AMNo3Y9","reason":"Pending approval - External entity"},{"id":"aOIaOiiqfpA8UMw6VCTh8ueRmkG3lzDy1NGqEOaJbe11OrCzMTCCd6","reason":"The company is a service provider"},{"id":"ddgjKuc3GgH8E5UehSVJviRl471BCajL1plO8HtGoOojy2NivYqQ7x","reason":"Owner asked to delete"},{"id":"EjOKM211H1ira9J63oaGPuUxvr7Oba55TZo3NWsFO5uhbNu7o4x4zD","reason":"The company is not Israeli"},{"id":"J7fQJtnT3GdWWSE3MD8rzaW65LJ4jEIKxSZnneQiReONdZjG3zIqWe","reason":"Owner asked to hide in the meantime"},{"id":"NxlAC3ReFb5ksiYNLp2FnUyluoJzwRCYfcF7xpTZaPM53SdWQ5kv0B","reason":"Pending approval"},{"id":"RhC1tlwXzioK0MfzBII3H2wepEfQOfKVktmdwqeqTJjGi3ZaBWUqZo","reason":"The company is not innovative"},{"id":"S0Ed46vNI6vZYVxLedANWGjas23K6hY0QdsCtiGYL7lshqIEdLV3sA","reason":"The company ceased operations in Israel"},{"id":"VTANq7bEvlsEcPjp0ghelXfShaCosgndONGjgU730aAOxXtaDIF5j3","reason":"This is a product of an existing company"}],"type":"Startup","logokey":"$fVXPfVSL2QuaFxsN0ambCQdzMuQpGnr6qxqbfW50sPIiTudQFrvVQB","name":"VeinWay","oneliner":"Advanced Vein Blockage Crossing Tools","registrar":"516276490","website":"https://veinway.com","careerspage":"","founded_month":11,"founded_year":2020,"formernames":[],"sociallinks":{"twitter":"","youtube":"https://www.youtube.com/@VeinWayTraversa","facebook":"","linkedin":"https://www.linkedin.com/company/72137520","instagram":""},"social":["https://www.linkedin.com/company/72137520","https://www.youtube.com/@VeinWayTraversa"],"flattenedsociallinks":"https://www.linkedin.com/company/72137520|https://www.youtube.com/@VeinWayTraversa","apps":{"appstore":"","googleplay":""},"is_claimed_by_owner":1,"employees":"1-10","employees_exact":6,"patent":1,"raised":7435000,"stage":"A","public_stage":"A","primary_sector_key":"agxzfmlsbGlzdHNpdGVyJAsSF0Jhc2VDbGFzc2lmaWNhdGlvbk1vZGVsGICA4LuwgtgKDA","primary_sector":"Health Tech & Life Sciences","alternativenames":["Vein.Way","Vein Way","Vein-Way"],"about":"VeinWay is focused on developing a novel technology for crossing chronically occluded veins.\n\nVeinWay's Traversa delivers the first dedicated device designed for venous recanalization that will improve outcomes and allow physicians to reliably, safely and easily complete endovascular procedures in a timely manner for the effective treatment of CVOs. The Traversa is an enabling technology which will disrupt the market by democratizing physician access to the treatment of CVOs. The innovation has a significantly different approach compared to existing solutions on the market or that are currently in development. All other solutions are either off-label tools that have a high risk of perforation, or standard crossing tools with no specific indication or features for venous recanalization. Physicians use them as workarounds when the procedure fails with standard guidewires. In contrast, Traversa is the first tool designed specifically for crossing CVOs, allowing for an unparalleled level of control that will enable interventional radiologists and vascular surgeons to cross occlusions every time.\n\nVeinWay was created as part of the entrepreneur in residence program with the MEDX Xelerator, which supports and helps inventors and entrepreneurs cultivate early-stage ideas addressing complex unmet clinical needs.","climatetech_description":null,"is_climatetech_relevant":null,"phone":"+972732040408","country":null,"address":{"israeli":[{"id":"c16607b8-b051-4613-a591-4ddecf4e3d2f","city":"Or Yehuda","type":null,"address":"Ariel Sharon Boulevard 8, Or Yehuda, Israel","placeid":null,"notactive":0,"openeddate":null,"registrarid":null,"firstrdcenter":0,"registrarname":null}],"officesabroad":null},"headquarter_address":null,"district":"Center District","news":[{"id":"vPOenRTWj2tiPuGy7xgwhdTRztlXlvDaDxjk3LTYYzzxibFo3nAmlQ","date":"May 28, 2024","link":"https://venousnews.com/veinway-ceo-this-is-a-pivotal-year-for-us/","source":"venousnews.com","visible":1,"analysis":{"tags":"Medical Device, Fundraising","company":"VeinWay","layoffs":"Not mentioned","summary":"VeinWay, a medical device company specializing in venous disease, is planning to start a 30-patient trial to support FDA clearance and initial commercialization efforts by the end of 2024. 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The funds will be used to complete design verification testing and to prepare for VeinWay’s First-in-Human clinical trial of its Traversa system towards an FDA IDE trial planned for the first half of 2024. The company also announced that Stephen Black, MD and Houman Jalaie, MD, PhD have joined the company’s scientific advisory board.","partners":["Stephen Black, MD","Houman Jalaie, MD, PhD"],"customers":"Not Mentioned","investors":["Jordan Feiger","Boston Scientific","Sheba Medical Center"],"confidence":9,"key_topics":["Investment","Clinical Trials","Advisory Board","Medical Device","FDA Approval"],"date_of_event":"September 7, 2023","valuation_amount":"Not Mentioned","impact_on_company":"Growth-Positive","investment_amount":"Not Mentioned","structured_issues":["Investment","Management Changes"],"acquisition_amount":"Not Mentioned","structuredIssuesShow":"#Investment  #Management Changes","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"Growth-Positive","analysisId":"dkoNGyIeBRSymja9Y4V4TFnXYsLEcixnXTPlB4cSBvBeLcOMissQyK","news_summary":"VeinWay Closes Oversubscribed SAFE Round and Begins Series A Round\n","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"6Y8TbULVjzVNnztd26dxJhy6IuutnR6azNG8f2XUxcn1xKMt8Ji7lM","date":"May 23, 2023","link":"https://www.calcalistech.com/ctechnews/article/hkpfkk5r2","source":"www.calcalistech.com","visible":1,"analysis":{"tags":["healthcare","medical devices"],"company":"VeinWay Ltd.","layoffs":null,"summary":"VeinWay Ltd., a company focused on improving access to healthcare for patients with chronic venous disease, has raised $2.5 million in its latest investment round. The company is developing a novel catheter called Traversa, which is designed to safely and efficiently cross chronic blockages in veins. The Traversa device aims to significantly shorten procedure time and improve outcomes for patients. VeinWays CEO, Jordan Pollack, and CTO, Ben Friesem, bring extensive experience in medical device design and engineering to the company. The market for venous chronic total occlusion (CTO) devices is emerging, and VeinWay aims to jumpstart the market with its dedicated crossing tool. The companys main customers are interventional radiologists and vascular surgeons. Traversa has been used in clinical cases and will undergo a formal clinical trial starting in October 2023. VeinWay plans to seek FDA and EU MDR approval in late 2024 and 2025, respectively.","partners":null,"customers":null,"investors":["Boston Scientific","Consensus Business Group","MEDX Ventures","friends & family"],"confidence":9,"key_topics":["chronic venous disease","Traversa catheter","market potential","competition","founders"],"date_of_event":"March 2023","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":"$2.5 million","structured_issues":["Investment"],"acquisition_amount":null,"structuredIssuesShow":"#Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"utTjon0A5ezUtFCxobzTtGV9vzNXdT8Jujg8JDi7YR7JKMzGZqhGOa","news_summary":"VeinWay opens up the path to stop blood clots in underappreciated patients | CTech","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"8cf27313-dbd2-40f0-a866-42fca5bead63","date":"Mar 1, 2022","link":"https://medium.com/authority-magazine/health-tech-jordan-pollack-on-how-veinways-technology-can-make-an-important-impact-on-our-overall-733d7374c1b1","source":"medium.com","visible":1,"analysis":{"tags":"Healthcare, Medical Technology","company":"VeinWay","layoffs":"Not mentioned","summary":"The article is an interview with Jordan Pollack, the CEO of VeinWay, a medical technology company that is part of the MEDX Xelerator portfolio. Pollack discusses his career journey, the challenges he faced, and the inspiration behind VeinWay. The company is developing a device to treat Chronic Venous Occlusions (CVOs), a condition that affects almost 20% of people worldwide. The device, called Traversa, is designed to recanalize chronic venous occlusions quickly, safely, and efficiently. Pollack believes that the device will democratize chronic DVT/PTS treatment and improve the quality of life for patients.","partners":"MEDX Xelerator, Israel Innovation Authority","customers":"Not mentioned","investors":"MEDX Xelerator, Israel Innovation Authority","confidence":8,"key_topics":["Medical Technology","Chronic Venous Diseases","VeinWay","Innovation","Healthcare"],"date_of_event":"Not mentioned","valuation_amount":"Not mentioned","impact_on_company":"growth-positive","investment_amount":"Not mentioned","structured_issues":["Management Changes","Expand"],"acquisition_amount":"Not mentioned","structuredIssuesShow":"#Management Changes  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"ix83FEtlNJMdotwBMrN58ih6fHtUPLnX67JeqVk9OTp2chE9FywtyM","news_summary":"Health Tech: Jordan Pollack on How VeinWay's Technology Can Make an Important Impact on Our Overall...","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"dc105aa4-7e06-44ca-b971-2917ef03de51","date":"Nov 23, 2021","link":"https://www.medxelerator.com/medx-xelerator-invests-in-three-new-health-technology-ventures/","source":"www.medxelerator.com","visible":1,"analysis":{"tags":"technology development","company":"MEDX Xelerator","layoffs":null,"summary":"MEDX Xelerator has founded three new start-up companies as part of its technology development program. The companies will receive financing and support services to expedite their technology development. The three companies are VeinWay, EyeMed, and BeWeld, which focus on treating chronic venous blockages, premium lenses for intraocular implantation, and automating the manufacturing processes of implantable devices, respectively. MEDX Xelerator collaborates with hospitals and multinational companies to identify and address unmet clinical needs through innovation. The incubator has achieved significant milestones, including collaborations with CBG and West Pharmaceutical Services, and the establishment of a program for cardiovascular medical device entrepreneurs seeking financing. MEDX Xelerator is a leading international medical device and digital health-focused incubator founded in 2016 and operates under the Israel Innovation Authority.","partners":["Boston Scientific","MEDX Venture Group","Sheba Medical Center","Consensus Business Group (CBG)","West Pharmaceuticals"],"customers":null,"investors":null,"confidence":9,"key_topics":["start-up companies","technology development","innovation","partnerships","financing"],"date_of_event":"2021-11-23","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners","Investment"],"acquisition_amount":null,"structuredIssuesShow":"#Partners  #Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"2wVU47OaHX5o6Z4CT1LOuXjdJPqBndk33cwC3vEp6Jj9cJK5CWW3Xs","news_summary":"MEDX Xelerator Invests In Three New Health Technology Ventures","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"00a57d10-e6ac-41a5-9e9b-903f3e8b40f0","date":"Feb 19, 2021","link":"https://www.jpost.com/israel-news/from-minnesota-to-tel-aviv-oleh-finds-israelis-welcoming-and-warm-659386","source":"www.jpost.com","visible":1,"analysis":{"tags":"start-up, entrepreneurship","company":"VeinWay","layoffs":null,"summary":"The article discusses the journey of Jordan Pollack, a biomedical engineer who moved from Chicago to Tel Aviv to start his own company called VeinWay. VeinWay is a member of MEDX Xelerators X Lab program and recently received a $35,000 grant from Tnufa - The Ideation Incentive Program of the Israel Innovation Authority. Pollack praises the Israeli start-up ecosystem for being more welcoming of entrepreneurs and tolerant of mistakes and failures compared to the US. However, he also mentions the bureaucracy and slow government processes in Israel. He is determined to learn Hebrew and integrate into the Israeli culture. Pollacks family is proud of his decision to move to Israel and pursue his dreams.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["Aliyah","Medical devices","Entrepreneurship","Israeli start-up ecosystem","Learning Hebrew"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":"$35,000","structured_issues":["Investment"],"acquisition_amount":null,"structuredIssuesShow":"#Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"KnGVrE8vHP6aOfJ3merQlTwUTa8w42ZqbjSzZKOJuTvQJ647wkzpcq","news_summary":"https://www.jpost.com/israel-news/from-minnesota-to-tel-aviv-oleh-finds-israelis-welcoming-and-warm-659386","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"cfc70c27-6367-4d05-b81b-88089b00f0d6","date":"Dec 3, 2020","link":"https://www.cathlabdigest.com/content/medx-xelerator-approves-new-x-lab-project-improve-treatment-peripheral-venous-disease-care-forms-veinway-under-ceo-jordan-pollack","source":"www.cathlabdigest.com","visible":1,"analysis":{"entityGrowthIconPath":"none;"},"sentiment":null,"analysisId":"1pqszV1H6DFX9nnYoCaG4nKkqNAk3rkvL5Hwc4YVj7C995aXkVKF0H","news_summary":"MEDX Xelerator Approves New \"X Lab\" Project to Improve Treatment of Peripheral Venous Disease Care, Forms VeinWay Under CEO Jordan Pollack","analysisStructuredIssuesDisplay":"none","analysisImpactOnCompanyDisplay":"block"},{"id":"eea9e987-dfaf-4afb-86c8-d85a1b4c7b8a","date":"Dec 3, 2020","link":"https://www.medxelerator.com/medx-xelerator-approves-new-x-lab-project-to-improve-treatment-of-peripheral-venous-disease-care-forms-veinway-under-ceo-jordan-pollack/","source":"www.medxelerator.com","visible":1,"analysis":{"tags":"grant","company":"VeinWay","layoffs":null,"summary":"VeinWay, a newly formed company focused on treating peripheral venous disease, has received a grant of over $35K from The Ideation (Tnufa) Incentive Program of The Israel Innovation Authority. 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