Avation

Columbus, United States Founded: 1999 • Age: 27 yrs
Wearable tibial nerve stimulation device treats overactive bladder symptoms.
Annual revenue - Latest available
Total funding $34.9M 2 rounds
Employees - Tracked headcount
Investors 7 Known backers
Products 1 Services tracked
Competitors 9 Brand Intelligence

About Avation

Avation is a company based in Columbus (United States) founded in 1999 by Manish Vaishya. It operates as a Direct-to-Consumer (D2C) and HealthTech. Avation has raised $34.92 million across 2 funding rounds from investors including Medtronic, Asahi Kasei and ShangBay Capital. Avation offers products and services including Vivally® System. Avation operates in a competitive market with competitors including Tulavi Nerve Therapeutics, BioCircuit, RxFunction, Epineuron and Monarch Bioimplants, among others.

  • Headquarter Columbus, United States
  • Founders Manish Vaishya
  • Sectors
    Healthcare
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Avation Medical
Operational Areas
Healthcare → Healthcare Products & Supplies Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $34.92 M (USD)

    in 2 rounds

  • Latest Funding Round
    $22 M (USD), Series C

    Feb 01, 2024

  • Investors
    Medtronic

    & 6 more

  • Employee Count
    Not available
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Products & Services of Avation

Avation offers a comprehensive portfolio of products and services, including Vivally® System.

Product name locked
Category locked
Primary

Wearable treatment for overactive bladder is provided.

People of Avation

Headcount 10-50
Employee Profiles 10
Board Members and Advisors 7
Employee Profiles
People
Jill Schiaparelli
CEO & Director
People
Darren Wennen
CMO
People
Tracy Cameron
Clinical Consultant
People
Manish Vaishya
CTO

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Board Members and Advisors
people
Tom Shehab
Chairperson
people
Ali Rezai
Board Observer
people
Raymond Huggenberger
Director
people
Renee Selman
Director

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Funding Insights of Avation

Avation has successfully raised a total of $34.92M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $22 million completed in February 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.

Investors in Avation

Avation has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Medtronic, Asahi Kasei and ShangBay Capital.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
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Angelini Ventures is focused on investing in BioTech and Digital Health.
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Healthcare venture capital investments are made by Arboretum Ventures.
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Investor details for Avation

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  • Investor domains
  • Investor locations
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  • Participation history

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Investments & Acquisitions by Avation

Investments
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Investment portfolio details for Avation

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  • Portfolio identities
  • Transaction dates
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Financial Statements - Avation

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Detailed financials for Avation

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  • Profit trends
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Avation Comparisons

Avation Primary company
Description
Wearable tibial nerve stimulation device treats overactive b...
Location
Columbus, United States
Founded Year
1999
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Avation

Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.

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Competitors of Avation

Avation 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 Tulavi Nerve Therapeutics, BioCircuit, RxFunction, Epineuron and Monarch Bioimplants, among others.

Company Name Domain Founded year HQ Location Description
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Therapeutic devices for neurally mediated diseases are developed.
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Non-invasive electrophysiology devices are developed to monitor peripheral nerves.
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Wearable prostheses for sensory peripheral neuropathy patients are developed.
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Medical devices for peripheral nerve injury treatment are provided.
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Developer of bioimplant for peripheral nerve repair
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Detailed competitors of Avation

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Latest news on Avation

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Complete news archive for Avation

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  • Brand-specific news history

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Frequently Asked Questions about Avation

Avation was founded in 1999 and raised its 1st funding round 22 years after it was founded.

Avation is headquartered in Columbus, United States. It is registered at Columbus, Ohio, United States.

Avation is a funded company, having raised a total of $34.92M across 2 funding rounds to date.

Avation is focused on providing innovative solutions for overactive bladder (OAB) through the Vivally System, a wearable at-home treatment. The system is FDA-cleared and targets symptoms like incontinence and urgency with physiologic closed-loop controlled transcutaneous tibial nerve stimulation. It is supported by a mobile app for tracking progress and customer care for patient assistance. The healthcare sector is primarily served, with solutions designed for both patients and providers to improve quality of life.

Avation's top competitors include Tulavi Nerve Therapeutics, Epineuron and RxFunction.

Avation offers Vivally® System.

Avation has 7 investors. Key investors include Medtronic, Asahi Kasei, ShangBay Capital, Angelini Ventures, and JobsOhio.

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