Bedal International Raises $11 Million to Drive Sales Growth of FlexGRIP® Catheter Fixation Devices

DIEPENBEEK, Belgium AND ANAHEIMCalifornia. , July 12, 2024 /PRNewswire/ — Bedal International, a Belgian medical device company providing next-generation catheter fixation solutions, announced today the successful closing of the transaction 11 million dollars round of financing. The investment will be used to support the company’s ongoing global growth. Bedal has offices in Belgium (EU) and Anaheim, California.

The financing round was led by White Fund, a Belgian venture capital fund investing in medical technologies, and SFPIM, a sovereign wealth fund. BelgiumThe round also saw participation from US-based MedTech investors, as well as leading existing investors Bedal, F3Finance and LRM. Bedal’s management team also contributed to this funding round.

“Since we founded Bedal, we have had an incredible journey from device launch to global growth,” he said. Alexander Van DammeCEO Bedal International. “This new funding marks the beginning of the next chapter for us, focused on setting a new standard in the market.”

Bedal markets FlexGRIP catheter fixation devices that help patients securely secure their catheters, reducing the risk of complications and improving overall patient outcomes. FlexGRIP devices are used in more than 34 countries worldwide, and Bedal has successfully closed global agreements with market-leading catheter companies. The additional funding will allow Bedal to expand its operations and commercial efforts, with a particular focus on continued growth in the U.S. market.

“The White Fund and SFPIM are pleased to support Bedal’s mission to improve patient care through innovative devices,” said Eric Brandt White Fund, Céline Vaessen, CIO at SFPIM also adds: “We believe in Bedal’s potential to become the gold standard in catheter care. We are proud to be part of their promising growth journey and are committed to supporting their product development engine with the ambition to make a profound impact on the lives of patients and caregivers.”

Bedal also previously attracted industry veteran, Steve BiermanMD, who was the original creator of the industry and developed the catheter fixation market. Dr. Bierman has been appointed co-CEO, bringing his wealth of experience and vision to the company.
Bedal was founded on the experience of one of its founders who discovered the challenges associated with catheter care during cancer treatment. FlexGRIP devices are used throughout the hospital in applications including cancer care, post-operative care and the intensive care unit. Bedal has also recently launched a range of paediatric products tailored to the needs of young patients.

FlexGRIP is a registered trademark of Bedal International

About the White Fund
White Fund is a Belgian venture capital fund that is specifically dedicated to the medtech sector and positions itself as a high-value-added investment fund. In addition to its financial mission, White Fund aims to support companies at key stages of their development. Its multidisciplinary team and extensive network, with experience in both medtech and the investment world, are key assets for its portfolio companies.
More information: www.whitefund.be

About SFPIM
The Federal Participation and Investment Company (SFPIM) is Belgium Sovereign Wealth Fund. SFPIM aims to be a reliable partner for Belgian companies, both SMEs and scale-ups, helping them become leaders in their sectors by offering “smart capital solutions”. SFPIM also plays a significant role in ensuring the long-term sustainability of the Belgian economy by contributing to anchoring strategic assets through “smart capital solutions” in both promising and established companies or ecosystems.
SFPIM invests in a wide range of companies and sectors, including life sciences, finance, aviation, energy, transport and mobility, and environmental impact investments. For more information, visit www.sfpim.be

About F3 Finance
F3 Finance is a niche investment firm for family investors and entrepreneurs. Focusing on public and private equity investments, F3 Finance aims to support companies in achieving their growth plans.
More information: www.f3finance.be

About LRM
LRM is a return-oriented investment company that supports and stimulates sustainable economic growth in Limburg and beyond. We are a driving force in a unique regional ecosystem, providing risk financing and expertise to companies and projects that promote prosperity and well-being in Limburg and Flanders.
More information: www.lrm.be

About Bedal International
Bedal International, a dynamic scale-up in the medical device industry, focuses on specialized catheter fixation solutions. FlexGRIP^® products put the patient’s well-being and the care provider’s convenience first. Bedal International, committed to innovation, strives to improve the overall quality of patient care. Learn more at www.flex-grip.com

Photo – https://mma.prnewswire.com/media/2459204/FlexGRIP_catheter_securement.jpg

SOURCE Bedal International