About AbiliTech Medical
AbiliTech Medical is a company based in Saint Paul (United States) founded in 2016. It operates as a B2B. AbiliTech Medical has raised $20.14 million across 5 funding rounds from investors including HHS, Bios Partners and DEFTA Partners. The company has 10 employees. AbiliTech Medical operates in a competitive market with competitors including Myomo, Bone Health Technologies, Breg, Hyprevention and Tynor, among others.
- Headquarter Saint Paul, United States
- Employees 10
- SectorsHealthcare
- Website abilitechmedical.com
- Legal Name Abilitech Medical, Inc.
- Total Equity Funding$20.14M (USD)
in 5 rounds
- Latest Funding Round$2.93M (USD), Series A
Oct 2021
- InvestorsHHS
& 4 more
- Employee Count10
Funding Insights of AbiliTech Medical
AbiliTech Medical has successfully raised a total of $20.14M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $2.93 million completed in October 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $20.14M
- Total Rounds 5
- Last Round Series A — $2.93M
- First Round $239,802
(Sep 2017)
- Investors Count 5
All 5 funding rounds of AbiliTech Medical with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2021 | $2.93M | Series A | – | – | – |
| Nov 2020 | $8.97M | Series A | – | – | – |
| Dec 2019 | $7.4M | Series A | – | Bios Partners, DEFTA Partners | – |
| May 2018 | $842,500 | Seed | – | – | – |
| Sep 2017 | $239,802 | Grant | – | – |
5 investors in total: 5 institutional.
Investors in AbiliTech Medical
AbiliTech Medical has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include HHS, Bios Partners and DEFTA Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital is provided by Bios Partners for biotech innovation. | 2017 | biospartners.com | Fort Worth, United States | |
Technology and healthcare companies are funded by DEFTA Partners. | – | deftapartners.com | San Francisco, United States | |
Investment in women-led growth companies is provided by Sofia Fund. | 1998 | sofiafund.com | United States | |
Early-stage investment capital is provided to Minnesota entrepreneurs. | 2017 | semncapital.com | Rochester, United States | |
Public health and human services are overseen by HHS. | 1953 | hhs.gov | - |
Investor details for AbiliTech Medical
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People of AbiliTech Medical
9 people are tracked at AbiliTech Medical (4 in leadership, 3 in board & advisors, 2 in team); the tracked headcount is 10.
| Name | Role | Group |
|---|---|---|
Leota Pearson | Chief Financial Officer | Leadership |
Brandon Green | Chief Medical Officer | Leadership |
Eli Krumholz | Director of Software Engineering & Electronics | Leadership |
Davie Mendelsohn | Director of Sales | Leadership |
Aaron Fletcher | Board Member | Board & advisors |
Elona Baum | Board Member | Board & advisors |
James Ehlen | Chair | Board & advisors |
Patrice Kloss | Outside General Counsel | Team |
Alexei Marko | Product Development Lead | Team |
Complete people profiles for AbiliTech Medical
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Timeline of AbiliTech Medical
3 dated milestones of AbiliTech Medical across 5 years, from founding to its latest funding, stage changes and deals.
- Founded AbiliTech Medical is founded.
- Funding First funding round of $240K.
- Funding Latest funding round, Series A, of $2.9M.
Competitors of AbiliTech Medical
AbiliTech Medical operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Myomo, Bone Health Technologies, Breg, Hyprevention and Tynor, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| myomo.com | 2004 | Boston, United States | $17.21M | 80 | Robotic arms are provided for mobility and rehabilitation support. | |
| bonehealthtech.com | 2018 | San Francisco, United States | – | – | Bone Health Technologies creates a wearable device to treat osteopenia and prevent osteoporosis. | |
| breg.com | 1989 | San Diego, United States | $2.11M | 557 | Orthopedic braces and supports for joint rehabilitation are supplied. | |
| hyprevention.com | 2010 | Pessac, France | $21.37M | – | Implantable orthopedic devices are developed for fracture treatment and prevention. | |
| tynorstore.com | 1993 | Sahibzada Ajit Singh Nagar, India | $22.66M | 1,582 | Orthopedic products are sold online for various injuries and activities. | |
| kinovarobotics.com | 2006 | Boisbriand, Canada | $57M | – | Robotic arms are developed for personal assistance and research. | |
| bioliberty.co.uk | 2020 | Edinburgh, United Kingdom | $2.72M | 14 | Provides robotic assistance gloves for managing hand weakness. | |
| unyq.com | 2014 | San Francisco, United States | $11.67M | – | Custom 3D-printed prosthetic fairings and accessories are supplied to amputees. | |
| atomlimbs.com | 2019 | San Francisco, United States | – | – | AI-powered prosthetics restore physical abilities for users worldwide. | |
| harmonicbionics.com | 2016 | Austin, United States | $12.92M | – | Robotic solutions for upper body rehabilitation are provided. |
Detailed competitors of AbiliTech Medical
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Latest news on Abilitech Medical
Complete news archive for AbiliTech Medical
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Similar companies to AbiliTech Medical
10 companies that operate in the same segment as AbiliTech Medical (Diversified Medical Devices), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Medical equipment for treating over 30 chronic diseases is developed. | 1949 | Minneapolis, Minnesota, United States | – | USD 36.36 B | 95,000 | |
Wide range of medical devices | 1979 | Marlborough, Massachusetts, United States | – | USD 20.07 B | 53,000 | |
Healthcare solutions are provided by Johnson & Johnson globally. | 1886 | New Brunswick, New Jersey, United States | – | USD 94.18 B | 139,800 | |
Diagnostic and surgical products for women's healthcare are provided. | 1985 | Marlborough, Massachusetts, United States | – | USD 4.1 B | 7,060 | |
Developer of drug candidates for the treatment of rare CNS disorders | 1971 | Boston, Massachusetts, United States | USD 105.8 M | – | 487 | |
Surgical instruments are manufactured for multiple therapeutic areas. | 1987 | Utica, New York, United States | – | USD 1.37 B | 3,900 | |
A wide range of medical devices is developed by HOYA. | 1941 | Tokyo, Tokyo, Japan | – | USD 5.94 B | 37,910 | |
Medical devices for cardiac and neuromodulation therapies are manufactured globally. | 1976 | Saint Paul, Minnesota, United States | – | – | – | |
Complex healthcare challenges are addressed through technology solutions by Commure. | 2016 | San Francisco, California, United States | USD 823.3 M | – | 316 | |
Provider of medical devices for emergency medicine and various health conditions | 1943 | Wayne, United States | – | USD 1.99 B | 14,100 |
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Frequently Asked Questions about AbiliTech Medical
AbiliTech Medical was founded in 2016 and raised its 1st funding round 1 year after it was founded.
AbiliTech Medical is headquartered in Saint Paul, United States. It is registered at Saint Paul, Minnesota, United States.
AbiliTech Medical is a funded company, having raised a total of $20.14M across 5 funding rounds to date. The company's 1st funding round was a Grant of $239.8K, raised on Sep 2017.
AbiliTech Medical has 10 employees.
AbiliTech Medical creates innovative assistive devices for upper-limb neuromuscular conditions through providing healthcare solutions, developing medical devices, assistive technology, and neuromuscular devices. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
AbiliTech Medical has 5 investors. Key investors include HHS, Bios Partners, DEFTA Partners, Sofia Fund, and SEMN Capital Fund.
AbiliTech Medical operates through Abilitech Medical, Inc..