QIA Leads $250M Financing in Kardium to Support Commercial Launch
July 2, 2025
Kardium Inc., a Vancouver/Burnaby-based medical device company developing the Globe Pulsed Field System for atrial fibrillation, raised USD 250 million in a financing round led by the Qatar Investment Authority (QIA). The growth-capital raise, which included new investors Janus Henderson Investors, MM Capital, Piper Heartland Healthcare Capital, Eventide Asset Management, Eckuity Capital and participation from existing investors such as T. Rowe Price and Durable Capital, will fund regulatory approvals, the commercial launch and expansion of manufacturing capabilities.
- Buyers
- Qatar Investment Authority (QIA), Janus Henderson Investors, MM Capital, Piper Heartland Healthcare Capital, Eventide Asset Management, Eckuity Capital, T. Rowe Price (funds/accounts advised), Durable Capital Partners LP, Strategic investor (unnamed)
- Targets
- Kardium Inc.
- Industry
- Medical Devices
- Location
- British Columbia, Canada
- Transaction Type
- Growth capital
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