Series B · Healthtech

Aqua Medical secures Series B for diabetes clinical program

Relevance Ventures led financing to complete the RESTORE-1 pilot study and prepare a planned US pivotal trial.

The amount was not disclosed. The investor announced the financing on September 23, followed by Aqua Medical’s announcement the next day.

Aqua’s investigational PIMA procedure treats targeted tissue in the small intestine using radiofrequency-generated vapor delivered through an endoscope. The planned pivotal trial remains subject to regulatory authorization.

Use of funds

Complete RESTORE-1 pilot study

Prepare planned US pivotal trial

Funding history

Series B · This roundUndisclosed

Sources

  1. Financing announcementprnewswire.com · Sep 23, 2026
  2. aquaendoscopy.com