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§ Public · Minneapolis, MN, USA
Creates implantable neuromodulation devices for Baroreflex Activation Therapy (BAT) to treat heart failure & resistant hypertension.
Based in Minneapolis, Minnesota, CVRx is a medical device company that develops and manufactures implantable neuromodulation technologies to treat cardiovascular diseases. The organization's primary product, BAROSTIM NEO, delivers Baroreflex Activation Therapy by stimulating baroreceptors on the carotid artery to regulate blood pressure and alleviate heart failure symptoms. This therapy specifically targets patients suffering from resistant hypertension by reducing the body's stress response, and the device is currently commercially available to cardiologists across more than 20 countries. While generating revenue through international commercial sales, the enterprise is simultaneously conducting clinical evaluations to secure regulatory approval for market access within the United States. The executive leadership team includes President and CEO Kevin Hykes, who assumed his role in February 2024, alongside Chief Revenue Officer Robert John. Operating within the cardiovascular health sector, CVRx was founded in 2001.
CVRx has raised $277.3M across 6 funding rounds.
CVRx has raised $277.3M in total across 6 funding rounds.
CVRx has raised $277.3M in total across 6 funding rounds.
CVRx's investors include Mudit Jain, Kirk Nielsen, Action Potential Venture Capital, Hatteras Venture Partners, Johnson & Johnson Innovation, New Enterprise Associates, Venrock, Asabys Partners, Oxford Finance, Windham Venture Partners, Ysios BioFund I, Silicon Valley Bank.
CVRx has raised $277.3M across 6 funding rounds. Most recently, it raised $50.0M Other Equity in July 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 7, 2020 | $50M Venture Round | Mudit Jain, Kirk Nielsen | Action Potential Venture Capital, Hatteras Venture Partners, Johnson & Johnson Innovation, NEW Enterprise Associates, Venrock | Announced |
| Aug 1, 2019 | $93M Series G | — | Action Potential Venture Capital, Asabys Partners | Announced |
| Aug 9, 2016 | $77.7M Debt Financing | Johnson & Johnson Innovation | Action Potential Venture Capital, NEW Enterprise Associates, Oxford Finance, Windham Venture Partners, Ysios BioFund I | Announced |
| Sep 22, 2014 | $15M Debt Financing | Silicon Valley Bank | — | Announced |
| Oct 1, 2013 | $12M Series F | — | Asabys Partners, Davita, Josep L.l. Sanfeliu | Announced |
| Jul 11, 2013 | $29.6M Series F | Mike Chuisano, ALI Behbahani | BBT Fund, SightLine Partners | Announced |
CVRx is a commercial-stage medical device company that develops implantable neuromodulation therapies—most notably the Barostim system—for treating heart failure and hypertension by stimulating the body’s carotid baroreceptors to reduce sympathetic overactivity and improve cardiovascular function.[5][4]
High-Level Overview
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Quick Take & Future Outlook
If you’d like, I can (a) summarize recent clinical trial results and regulatory status with direct excerpts from the SEC filings and peer‑reviewed publications,[5] or (b) produce a one-page investor-style snapshot (metrics, revenue trends, market size estimates) drawing from the latest public filings and company materials.[5][1]