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Adona Medical

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Namestring
Adona Medical
Legal namestring
Adona Medical
Websiteurl
adonamed.com
Company typeenum
Private
Founded yearint
2017
Descriptiontext

Adona Medical is a pre-commercial medical device company founded in 2017 and headquartered in Los Gatos, California, that is developing an adjustable interatrial shunt with integrated pressure monitoring for the treatment of heart failure. The company targets the approximately 6.5 million heart failure patients in the United States and 26 million globally, with particular relevance to those with preserved or mildly reduced ejection fraction who have limited therapeutic options. Adona operates as a portfolio company of Shifamed and has raised roughly $95.5 million across disclosed funding rounds between 2019 and 2024, with Cormorant Asset Management serving as lead or co-lead investor in every major round.

The core technology is an implantable interatrial shunt device that creates a controlled passage between the left and right atria, with adjustable flow capability intended to personalize therapy to individual patient hemodynamics. Integrated pressure sensors embedded in the device enable continuous hemodynamic monitoring, and a companion remote monitoring solution transmits patient data outside of clinical settings so clinicians can titrate shunt settings over time. Together, the mechanical shunt, embedded sensors, and remote monitor constitute an integrated heart failure management platform rather than a single standalone product.

Adona is currently in clinical development and has not yet commercialized. The intended revenue model is hardware sales of the device to hospitals and cardiac care centers, with enterprise field sales targeting interventional cardiologists, hospital procurement, and reimbursement stakeholders typical of medtech. The company has 11–50 employees, has not publicly disclosed pricing, and has not yet recorded commercial revenue; near-term value creation is contingent on completing clinical trials and securing regulatory clearance.

Short descriptiontext

Adona Medical is a pre-commercial medical device company developing an adjustable interatrial shunt with integrated pressure monitoring and a remote monitoring solution to personalize treatment for heart failure patients, serving hospitals and cardiac care centers.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersLos Gatos, United States
HQ citystring
Los Gatos
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
interatrial shunt device, heart failure management, cardiac medical devices, hemodynamic monitoring, structural heart therapy
Industry3 codes
1Cardiac Assist & Heart Failure Therapies (Implantables, Neuromodulation)
CodeHLAHAFALPrimaryYes
2Hemodynamic Monitoring & Cardiac Diagnostics (Cath Lab, FFR/IVUS/OCT)
CodeHLAHAFAIPrimaryNo
3Medical-Grade Device Connectivity & Device Management (MDM)
CodeHLACAFAGPrimaryNo
NAICS code2 codes
  • Electromedical and Electrotherapeutic Apparatus Manufacturing334510
  • Surgical and Medical Instrument Manufacturing339112
SIC code2 codes
  • Surgical & Medical Instruments & Apparatus3841
  • Electromedical & Electrotherapeutic Apparatus3845
Product category
Interventional Cardiology Medical Devices
Social media profiles2 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Medical Device Sales
TypeHardware Sales
Description

Adona Medical is developing an implantable medical device (interatrial shunt) for heart failure treatment. Revenue will be generated through the sale of devices to hospitals and cardiac care centers, combined with associated procedural revenue from implantation procedures. As a pre-commercial stage company currently in clinical trials, the revenue model is not yet operational.

shifamed.com
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Technology or R&D, Personnel, Operations, Marketing or Sales
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Adona Medical develops an adjustable interatrial shunt device with integrated pressure monitoring sensors designed to treat heart failure patients by creating a controlled passage between the left and right atria of the heart. The device enables personalized treatment through adjustable flow settings and continuous hemodynamic monitoring, supported by a companion remote monitoring system that allows healthcare providers to track patient data outside of clinical settings. The product is currently in clinical development and not yet commercially available.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Adona Medical offers a unified heart failure management platform centered on its adjustable interatrial shunt device with integrated pressure monitoring. The platform includes a companion remote monitoring solution that enables clinicians to track patient data and pressure readings. The core product features adjustable flow control to allow personalized treatment tailored to individual heart failure patients.

Product and service3 records
1Adjustable Interatrial Shunt
CategoryInterventional Cardiology Medical Device
Description

An implantable medical device designed to treat heart failure patients by creating a shunt between the atria of the heart, featuring adjustable flow control to allow personalized treatment based on individual patient needs.

2Remote Monitoring Solution
CategoryRemote Patient Monitoring
Description

A companion monitoring system integrated with the interatrial shunt device that enables remote tracking of patient data and pressure readings, supporting ongoing heart failure management by healthcare providers.

3Heart Failure Management Platform
CategoryHeart Failure Management Platform
Description

A comprehensive technology platform for heart failure treatment that combines the adjustable interatrial shunt device with integrated pressure sensors and remote monitoring capabilities to enable personalized treatment for heart failure patients.

Scale indicator4 records

Each record includes

Type, Value, Description, Source

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Developer of the Ventura interatrial shunt for heart failure with reduced and preserved ejection fraction. Competes head-to-head with Adona in the interatrial shunt category and is further along clinically (RELIEVE-HF trial).

TypeBroad incumbent
Description

Large diversified medtech with structural heart, heart failure, and remote monitoring businesses (including CardioMEMS). Comparable in targeting heart failure with device + monitoring and is a logical acquirer of shunt assets.

TypeBroad incumbent
Description

Broad cardiovascular incumbent spanning structural heart, heart failure diagnostics, and remote monitoring. Operates in adjacent heart failure device categories and represents potential strategic acquirer of Adona.

TypeBroad incumbent
Description

Global structural heart incumbent with a large heart failure and transcatheter valve portfolio. While not focused exclusively on interatrial shunting, it is the most likely strategic acquirer of assets like Adona and sets the bar on commercial scale.

TypeBroad incumbent
Description

Major structural heart and electrophysiology incumbent with growing heart failure device ambitions (e.g., acquisitions in atrial shunt space). Comparable as a broad cardiac device incumbent pursuing HFpEF solutions.

TypeEmerging player
Description

Developer of a no-implant interatrial shunt approach using a catheter-based procedure to create a shunt that later heals open. Targets the same HFpEF patient population as Adona with an alternative, less invasive mechanism.

TypeEmerging player
Description

Developer of an implantable left atrial pressure sensor (V-LAP) for heart failure monitoring, conceptually similar to Adona's integrated pressure sensing component. Comparable on the remote hemodynamic monitoring dimension of the platform.

TypeEmerging player
Description

European-based developer of atrial flow regulators and interatrial shunt devices (AFR) for heart failure. Direct technology overlap with Adona's mechanism and serves as a regional/emerging alternative in the same therapeutic category.

TypeEmerging player
Description

Developer of the Aortix percutaneous mechanical circulatory support device for heart failure. While a different mechanism, it addresses the same advanced heart failure population and represents another interventional HF device peer.

TypeDirect peer
Description

Direct competitor developing an interatrial shunt device (IASD) for heart failure, with the most advanced clinical program (REDUCE LAP-HF) in the same category as Adona's adjustable shunt. Most comparable peer by indication, mechanism, and target population.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds4 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors9 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Adona Medical

Interventional Cardiology Medical Devicesadonamed.com

Adona Medical is a pre-commercial medical device company developing an adjustable interatrial shunt with integrated pressure monitoring and a remote monitoring solution to personalize treatment for heart failure patients, serving hospitals and cardiac care centers.

What Adona Medical does

Adona Medical is a pre-commercial medical device company founded in 2017 and headquartered in Los Gatos, California, that is developing an adjustable interatrial shunt with integrated pressure monitoring for the treatment of heart failure. The company targets the approximately 6.5 million heart failure patients in the United States and 26 million globally, with particular relevance to those with preserved or mildly reduced ejection fraction who have limited therapeutic options. Adona operates as a portfolio company of Shifamed and has raised roughly $95.5 million across disclosed funding rounds between 2019 and 2024, with Cormorant Asset Management serving as lead or co-lead investor in every major round.

The core technology is an implantable interatrial shunt device that creates a controlled passage between the left and right atria, with adjustable flow capability intended to personalize therapy to individual patient hemodynamics. Integrated pressure sensors embedded in the device enable continuous hemodynamic monitoring, and a companion remote monitoring solution transmits patient data outside of clinical settings so clinicians can titrate shunt settings over time. Together, the mechanical shunt, embedded sensors, and remote monitor constitute an integrated heart failure management platform rather than a single standalone product.

Adona is currently in clinical development and has not yet commercialized. The intended revenue model is hardware sales of the device to hospitals and cardiac care centers, with enterprise field sales targeting interventional cardiologists, hospital procurement, and reimbursement stakeholders typical of medtech. The company has 11–50 employees, has not publicly disclosed pricing, and has not yet recorded commercial revenue; near-term value creation is contingent on completing clinical trials and securing regulatory clearance.

Adona Medical firmographics

Firmographics
Name
Adona Medical
Legal name
Adona Medical
Website
https://adonamed.com
Company type
Private
Founded year
2017
Operating status
Operating
Headcount range
11–50 employees
Short description
Adona Medical is a pre-commercial medical device company developing an adjustable interatrial shunt with integrated pressure monitoring and a remote monitoring solution to personalize treatment for heart failure patients, serving hospitals and cardiac care centers.
Ownership category
akta.pro rank

Adona Medical industry classification

Industry
Product category
Interventional Cardiology Medical Devices
NAICS
Electromedical and Electrotherapeutic Apparatus Manufacturing (334510), Surgical and Medical Instrument Manufacturing (339112)
SIC
Surgical & Medical Instruments & Apparatus (3841), Electromedical & Electrotherapeutic Apparatus (3845)
akta.pro primary industry
Cardiac Assist & Heart Failure Therapies (Implantables, Neuromodulation) (HLAHAFAL)
akta.pro secondary industries
Hemodynamic Monitoring & Cardiac Diagnostics (Cath Lab, FFR/IVUS/OCT) (HLAHAFAI), Medical-Grade Device Connectivity & Device Management (MDM) (HLACAFAG)

Keywords

  • Interatrial shunt device
  • Heart failure management
  • Cardiac medical devices
  • Hemodynamic monitoring
  • Structural heart therapy

Where Adona Medical is headquartered

Location

Headquarters

HQ city
Los Gatos
HQ country
United States
HQ region
North America

Offices1 record

Markets served

Adona Medical business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Technology or R&D, Personnel, Operations, Marketing or Sales

Revenue model

  1. Medical Device Sales: Adona Medical is developing an implantable medical device (interatrial shunt) for heart failure treatment. Revenue will be generated through the sale of devices to hospitals and cardiac care centers, combined with associated procedural revenue from implantation procedures. As a pre-commercial stage company currently in clinical trials, the revenue model is not yet operational.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Adona Medical product offering

Product offering

Core offering

Adona Medical develops an adjustable interatrial shunt device with integrated pressure monitoring sensors designed to treat heart failure patients by creating a controlled passage between the left and right atria of the heart. The device enables personalized treatment through adjustable flow settings and continuous hemodynamic monitoring, supported by a companion remote monitoring system that allows healthcare providers to track patient data outside of clinical settings. The product is currently in clinical development and not yet commercially available.

Product overview

Adona Medical offers a unified heart failure management platform centered on its adjustable interatrial shunt device with integrated pressure monitoring. The platform includes a companion remote monitoring solution that enables clinicians to track patient data and pressure readings. The core product features adjustable flow control to allow personalized treatment tailored to individual heart failure patients.

Differentiator

Problem solved

Functional benefit

Products and services

  • Adjustable Interatrial Shunt An implantable medical device designed to treat heart failure patients by creating a shunt between the atria of the heart, featuring adjustable flow control to allow personalized treatment based on individual patient needs.
  • Remote Monitoring Solution A companion monitoring system integrated with the interatrial shunt device that enables remote tracking of patient data and pressure readings, supporting ongoing heart failure management by healthcare providers.
  • Heart Failure Management Platform A comprehensive technology platform for heart failure treatment that combines the adjustable interatrial shunt device with integrated pressure sensors and remote monitoring capabilities to enable personalized treatment for heart failure patients.

Companies that use Adona Medical

Customer profile

Segments1 record

Ideal customer profiles1 record

Adona Medical technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Adona Medical partnerships and signals

Strategic signal

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Adona Medical competitors and assessment

Company assessment

Direct peers

  • V-Wave: Developer of the Ventura interatrial shunt for heart failure with reduced and preserved ejection fraction. Competes head-to-head with Adona in the interatrial shunt category and is further along clinically (RELIEVE-HF trial).
  • Corvia Medical: Direct competitor developing an interatrial shunt device (IASD) for heart failure, with the most advanced clinical program (REDUCE LAP-HF) in the same category as Adona's adjustable shunt. Most comparable peer by indication, mechanism, and target population.

Broad incumbents

  • Abbott: Large diversified medtech with structural heart, heart failure, and remote monitoring businesses (including CardioMEMS). Comparable in targeting heart failure with device + monitoring and is a logical acquirer of shunt assets.
  • Medtronic: Broad cardiovascular incumbent spanning structural heart, heart failure diagnostics, and remote monitoring. Operates in adjacent heart failure device categories and represents potential strategic acquirer of Adona.
  • Edwards Lifesciences: Global structural heart incumbent with a large heart failure and transcatheter valve portfolio. While not focused exclusively on interatrial shunting, it is the most likely strategic acquirer of assets like Adona and sets the bar on commercial scale.
  • Boston Scientific: Major structural heart and electrophysiology incumbent with growing heart failure device ambitions (e.g., acquisitions in atrial shunt space). Comparable as a broad cardiac device incumbent pursuing HFpEF solutions.

Emerging players

  • Alleviant Medical: Developer of a no-implant interatrial shunt approach using a catheter-based procedure to create a shunt that later heals open. Targets the same HFpEF patient population as Adona with an alternative, less invasive mechanism.
  • Vectorious Medical Technologies: Developer of an implantable left atrial pressure sensor (V-LAP) for heart failure monitoring, conceptually similar to Adona's integrated pressure sensing component. Comparable on the remote hemodynamic monitoring dimension of the platform.
  • Occlutech: European-based developer of atrial flow regulators and interatrial shunt devices (AFR) for heart failure. Direct technology overlap with Adona's mechanism and serves as a regional/emerging alternative in the same therapeutic category.
  • Procyrion: Developer of the Aortix percutaneous mechanical circulatory support device for heart failure. While a different mechanism, it addresses the same advanced heart failure population and represents another interventional HF device peer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

Adona Medical social profiles

Digital presence

Adona Medical financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Adona Medical leadership team

Management profile

Number of profiles

Profiles1 record

Adona Medical funding detail

Funding detail

Funding overview

Funding rounds4 records

Investors9 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Adona Medical M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Adona Medical

What does Adona Medical do?

Adona Medical develops an adjustable interatrial shunt device with integrated pressure monitoring sensors designed to treat heart failure patients by creating a controlled passage between the left and right atria of the heart. The device enables personalized treatment through adjustable flow settings and continuous hemodynamic monitoring, supported by a companion remote monitoring system that allows healthcare providers to track patient data outside of clinical settings. The product is currently in clinical development and not yet commercially available.

Is Adona Medical a public or private company?

Adona Medical is a private company. It is classified as venture growth investor backed and is currently operating.

When was Adona Medical founded?

Adona Medical was founded in 2017. It employs 11 to 50 people.

Where is Adona Medical based?

Adona Medical is headquartered in Los Gatos, United States, in the North America region.

How does Adona Medical make money?

One revenue line is on record: medical Device Sales.

Who are Adona Medical's main competitors?

Direct peers on record are V-Wave and Corvia Medical. Broad incumbents are Abbott, Medtronic, Edwards Lifesciences and Boston Scientific. Emerging players are Alleviant Medical, Vectorious Medical Technologies, Occlutech and Procyrion.

Does Adona Medical have an API?

No public API is recorded for Adona Medical.

What industry is Adona Medical in?

Adona Medical's product category is Interventional Cardiology Medical Devices. Its primary akta.pro industry code is HLAHAFAL, Cardiac Assist & Heart Failure Therapies (Implantables, Neuromodulation), with a secondary code of HLAHAFAI, Hemodynamic Monitoring & Cardiac Diagnostics (Cath Lab, FFR/IVUS/OCT). Its NAICS code is 334510 and its SIC code is 3841.

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Live signals
MassDeviceAdona Medical co-founder steps down as CEOAdona Medical co-founder Brian Fahey has stepped down as CEO, announcing his December departure to allow a new leader to guide the company through its next development phases. The company and its parent firm, Shifamed, have not yet publicly named a successor. This leadership change is part of a broader pattern of executive transitions within Shifamed's portfolio companies over the past year.MedicaldesignandoutsourcingThis Shifamed startup shares the shape memory secret behind its nitinol heart failure implantAdona Medical successfully completed enrollment for its first-in-human clinical trial of the Delphi adjustable interatrial shunt, a nitinol-based implant designed to treat heart failure by allowing post-implantation size adjustments via electromagnetic energy. The device demonstrated 100% procedural success in ten patients, with all follow-up subjects showing the ability to adjust the flow channel months after implantation. This achievement marks a significant step toward commercializing a technology that moves beyond one-size-fits-all cardiac interventions.PR NewswireADONA MEDICAL INITIATES FIRST-IN-HUMAN STUDY WITH ITS NOVEL INTERATRIAL SHUNT FOR PATIENTS WITH HEART FAILUREAdona Medical announced the successful first-in-human use of its novel adjustable interatrial shunt for heart failure patients, with initial cases performed at Tbilisi Heart and Vascular Clinic in the Republic of Georgia by Dr. George Khabeishvili, supported by US heart failure experts Dr. Gagan Singh and Dr. Edris Aman. The device features adjustable geometry that can be modified post-implantation and integrated sensors capturing pressure readings from both atria multiple times daily without patient interaction. The company stated this represents a significant milestone in validating its interatrial shunting and remote patient monitoring solutions for advanced heart failure management.Pulse 2.0Adona Medical: $33.5 Million Raised To Deliver Advanced Solutions For Heart FailureAdona Medical secured $33.5 million in Series C financing led by Cormorant Asset Management and TCP Health Ventures to advance its adjustable interatrial shunt technology. The funds will support product development and the initiation of clinical use for the device, which features integrated sensors for bi-atrial pressure monitoring. This investment aims to facilitate individualized treatment strategies for heart failure patients through adaptable flow geometry.FinSMEsAdona Medica Raises $33.5M in Series C FinancingAdona Medical raised $33.5 million in Series C funding, with the round led by Cormorant Asset Management and TCP Health Ventures, and participation from multiple other investors. The funds will be used to enhance product development and initiate clinical use of its adjustable interatrial shunt designed for heart failure management. Adona Medical is currently in the pre-clinical stage and has not received approval for its device in any market.Venture Capital Access OnlineAdona Medical, a Shifamed Portfolio Company, Raises $33.5 Million in Series C FinancingAdona Medical, a portfolio company of Shifamed, secured $33.5 million in Series C financing to support the development and clinical trials of its interatrial shunt technology for heart failure. The funding round was led by Cormorant Asset Management and TCP Health Ventures, with participation from several other venture capital firms. The funds will be used to initiate clinical use of the device, which features integrated sensors for remote patient monitoring.VC News DailyAdona Medical Obtains $33.5M in Series CAdona Medical has secured $33.5 million in Series C financing, with the investment led by Cormorant Asset Management and TCP Health Ventures. The financing includes participation from Excelestar Ventures, the PA MedTech VC Fund II, Unorthodox Ventures, AMED Ventures, and other investors. This capital aims to support Adona Medical's growth and development initiatives.PR NewswireShifamed Innovation Hub to be Prominently Featured at TCT 2023Shifamed LLC will showcase its cardiovascular portfolio companies, including Akura Medical, Supira Medical, and Adona Medical, at the TCT 2023 annual meeting in San Francisco. The hub plans to highlight clinical data, live cases, and innovation presentations for devices such as the Supira System and Akura Medical System. These medical technologies are currently in investigational or preclinical phases and are not yet approved for sale in the U.S.MedicaldesignandoutsourcingShunt device startup wants to break barriers in nitinol and heart sensingAdona Medical is developing an adjustable heart shunt that uses nitinol's shape memory to change flow after implantation, and adds bi-atrial pressure sensing. The device aims to be MRI conditional and could be used for remote monitoring. The company expects first human use within 12 months.FinSMEsAdona Medical $37.5M in Series B FundingAdona Medical, a Campbell, California-based pre-clinical stage medical technology company, raised $37.5 million in Series B funding led by Cormorant Asset Management and The Capital Partnership, with participation from multiple venture funds and angel investors. The company will use the proceeds to complete product development and support further evaluation of its next-generation heart failure management platform. Adona Medical is a privately held portfolio company of Shifamed LLC, led by CEO Brian Fahey.