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Access Vascular
Access Vascular was founded in 2015 to develop novel bulk hydrophilic-based devices to improve venous access
About Access Vascular
Access Vascular, Inc. (AVI) is a medical device company, founded in 2015 by James Biggins, that is focused on addressing the most common and costly complications associated with intravenous (IV) therapy, such as thrombosis, infection, and phlebitis. The company operates on a business-to-business (B2B) model within the healthcare sector, supplying its products to hospitals and clinics. The inspiration for the company came after Biggins, who has a background in plastics engineering and an MBA, witnessed firsthand the clinical challenges and delays in patient care caused by catheter-related complications. This experience, combined with his expertise in hydrogels and a strategic career path through R&D, marketing, and sales roles at companies like Boston Scientific and Medtronic, led to the establishment of Access Vascular.
The core of AVI's technology is its proprietary MIMIX™ biomaterial, a hydrophilic substance engineered to mimic the body's natural chemistry and evade the foreign body response that typically leads to clot formation on catheter surfaces. Unlike standard polyurethane catheters, which can trigger this response, AVI's devices are designed to be inherently biocompatible without the need for coatings or additives. This approach has demonstrated a significant reduction in thrombus accumulation—up to 97% less compared to conventional catheters in preclinical studies—and a corresponding decrease in related complications. By minimizing these issues, the company aims to improve patient outcomes, reduce the need for catheter replacements, and lower associated healthcare costs.
Access Vascular has successfully brought two main products to the U.S. market, both of which have received FDA clearance. The HydroPICC® is a peripherally inserted central catheter for short or long-term access, available in single and dual-lumen configurations, used for administering therapies and monitoring. The HydroMID® is a midline catheter intended for shorter-term use (up to 30 days) for similar applications. The company has secured significant financing to support its growth, including a $20 million Series B round in 2021 and a $22 million Series C round in 2023, to scale production, fund post-market clinical studies, and expand its product portfolio. Headquartered in Billerica, Massachusetts, the company operates from a 40,000-square-foot facility that includes manufacturing and laboratory spaces.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2015
- Headquarters
- Billerica, United States
- Employees
- 48
- Open positions
- 6
- Dealroom signal
- 27.8/100
- Industry
- Health
- Sub-industry
- BioTechnology, Medical Devices
- Sector
- Biotech & Life Sciences, Product Management, Biotechnology, Cardiology and cardiovascular, Product Development, Biotech and Pharma, Hard Tech, DT and LS, science-based
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES COther financing | Oct 2023 | $22M | $88M | Undisclosed | ↗ |
| SERIES BOther financing | Mar 2021 | $20M | $80M | TVM Capital Life Science | — |
Growth signals
Latest recorded traffic for Access Vascular is 4.8K monthly website visits, up 29.7% over the last three months. Access Vascular's team grew 14.3% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed2 investors entered at this stage
MedTech Innovator
angelMD
Series A1 investor entered at this stage
TVM Capital Life Science
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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