About Adona Medical
Adona Medical is a company based in Campbell (United States) founded in 2017 by Brian Fahey.. Adona Medical has raised $71 million across 2 funding rounds from investors including TCP Health Ventures, Cormorant Asset Management and AMED Ventures. Adona Medical offers products and services including Adona Interatrial Shunt and Adona Induction Catheter. Adona Medical operates in a competitive market with competitors including CVRx, Sequana Medical, Element Science, V-Wave and Bioventrix, among others.
- Headquarter Campbell, United States
- Founders Brian Fahey
-
Sectors
Healthcare
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Adona Medical, Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$71 M (USD)
in 2 rounds
-
Latest Funding Round
$33.5 M (USD), Series C
Jun 27, 2024
-
Investors
TCP Health Ventures
& 7 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Adona Medical
Adona Medical offers a comprehensive portfolio of products and services, including Adona Interatrial Shunt and Adona Induction Catheter. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Interatrial shunt for monitoring pressures and adjusting flow in heart failure.
Catheter for non-contact energy transfer to adjust shunt sizes.
Unlock access to complete
Funding Insights of Adona Medical
Adona Medical has successfully raised a total of $71M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $33.5 million completed in June 2024. 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 Total Funding
- Total Rounds 2
- Last Round Series C — $33.5M
-
First Round
First Round
(29 Apr 2022)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series C - Adona Medical | Valuation | unknown , Cormorant Asset Management | |
| Apr, 2022 | Amount | Series B - Adona Medical | Valuation | The Capital Partnership , Cormorant Asset Management |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Adona Medical
Adona Medical has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include TCP Health Ventures, Cormorant Asset Management and AMED Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Healthcare startups are funded by this venture capital firm.
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location | |
|
Late stage tech-focused VC firm funding companies in the US
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Adona Medical
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Adona Medical
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Adona Medical Comparisons
Competitors of Adona Medical
Adona 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 CVRx, Sequana Medical, Element Science, V-Wave and Bioventrix, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Implantable technology for hypertension and heart failure is developed.
|
|
| domain | founded_year | HQ Location |
Implantable battery-powered pumps for ascites removal are developed.
|
|
| domain | founded_year | HQ Location |
Wearable patch defibrillators are developed for sudden cardiac arrest treatment.
|
|
| domain | founded_year | HQ Location |
Implantable inter-atrial shunts are developed to treat chronic heart failure.
|
|
| domain | founded_year | HQ Location |
Ventricular reconstruction devices for heart failure are developed.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Adona Medical
Frequently Asked Questions about Adona Medical
When was Adona Medical founded?
Adona Medical was founded in 2017 and raised its 1st funding round 5 years after it was founded.
Where is Adona Medical located?
Adona Medical is headquartered in Campbell, United States. It is registered at Campbell, California, United States.
Who is the current CEO of Adona Medical?
Brian Fahey is the current CEO of Adona Medical. They have also founded this company.
Is Adona Medical a funded company?
Adona Medical is a funded company, having raised a total of $71M across 2 funding rounds to date. The company's 1st funding round was a Series B of $37.5M, raised on Apr 29, 2022.
What does Adona Medical do?
Adona Medical was established in 2017 and is based in Campbell, United States. Focus is placed on the development of medical devices within the cardiovascular sector. Next-generation interatrial shunting technologies and hemodynamic sensors are being created to support heart failure patients. Operations center on advancing treatment options for hemodynamic management, with emphasis on clinical needs in the United States. Leadership is provided by co-founder and CEO Brian Fahey.
Who are the top competitors of Adona Medical?
Adona Medical's top competitors include Sequana Medical, CVRx and Element Science.
What products or services does Adona Medical offer?
Adona Medical offers Adona Interatrial Shunt and Adona Induction Catheter.
Who are Adona Medical's investors?
Adona Medical has 8 investors. Key investors include TCP Health Ventures, Cormorant Asset Management, AMED Ventures, Excelestar Ventures, and Unorthodox Ventures.