Shape Memory Medical is a San Jose, California medical-device company that develops endovascular embolization products built on its proprietary volume-expanding shape memory polymer (SMP) technology. Its IMPEDE and IMPEDE-FX embolization plugs are CE Marked and cleared in the US, with regulatory approvals in more than 40 countries and over 3,500 patients treated worldwide. The company is running the AAA-SHAPE randomized pivotal trial of its investigational IMPEDE-FX RapidFill device for abdominal aortic aneurysm sac management, alongside a FLAGSHIP first-in-human aortic dissection study.
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Aug 24, 2026
Latest raise
Funding activity · 1 round
Aug 24, 2026
$10M
Debt
Led by August Global Partners
Shape Memory Medical, a San Jose, California-based medical-device company, has raised $10 million in a debt financing round. The round was led by August Global Partners, with participation from Taiwania Capital, Earlybird Venture Capital, HBM Healthcare Investments, and WexMed II, LLC.
Shape Memory Medical develops endovascular embolization products based on its proprietary volume-expanding shape memory polymer (SMP) technology. Its IMPEDE and IMPEDE-FX embolization plugs are CE Marked and cleared in the US, with regulatory approvals in more than 40 countries. Over 3,500 patients have been treated worldwide with these devices.
The company is currently conducting the AAA-SHAPE randomized pivotal trial of its investigational IMPEDE-FX RapidFill device for abdominal aortic aneurysm sac management. Additionally, it is running a FLAGSHIP first-in-human aortic dissection study.
The debt financing will likely support the company's ongoing clinical trials and regulatory efforts as it continues to expand its product portfolio and global reach.
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