About Avedro
Avedro is a company based in Waltham (United States) founded in 2007 was acquired by Glaukos in August 2019.. Avedro has raised $210.76 million across 11 funding rounds from investors including Glaukos, Flagship Pioneering and Orbimed. The company has 113 employees as of December 31, 2022. Avedro operates in a competitive market with competitors including CorneaGen, EyeGate, Cellusion, EyeYon and CorNeat Vision, among others.
- Headquarter Waltham, United States
- Employees 113 as on 31 Dec, 2022
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Sectors
Healthcare
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Phone
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Website
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Social
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- Legal Name Avedro, Inc.
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Funding Insights of Avedro
Avedro has successfully raised a total of $210.76M across 11 strategic funding rounds. The most recent funding activity was a Series E round of $25 million completed in May 2018. 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 11
- Last Round Series E — $25.0M
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First Round
First Round
(29 Apr 2009)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2018 | Amount | Series E - Avedro | Valuation | Lilly Asia Ventures | |
| Apr, 2017 | Amount | Series E - Avedro | Valuation | Health Quest Capital | |
| Apr, 2017 | Amount | Debt – Conventional - Avedro | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Avedro
Avedro has secured backing from 14 investors, including institutional and venture fund investors. Prominent investors backing the company include Glaukos, Flagship Pioneering and Orbimed. 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 |
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Investments are made by OrbiMed in global healthcare innovations across biopharmaceuticals and related fields.
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Early-stage investing in IT and healthcare ventures.
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Investments are focused on tech and life sciences startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Avedro
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Avedro
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Avedro Comparisons
Competitors of Avedro
Avedro 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 CorneaGen, EyeGate, Cellusion, EyeYon and CorNeat Vision, 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 |
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| domain | founded_year | HQ Location |
Therapeutic devices for corneal transplants are developed by CorneaGen.
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| domain | founded_year | HQ Location |
Therapeutics and drug delivery systems for eye diseases are developed.
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| domain | founded_year | HQ Location |
iPS cell-based technology for corneal endothelium regeneration is developed.
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| domain | founded_year | HQ Location |
Ophthalmic devices for corneal edema treatment are developed.
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| domain | founded_year | HQ Location |
Nanotechnology-based artificial corneal implants are developed for ophthalmic use.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Avedro
Frequently Asked Questions about Avedro
When was Avedro founded?
Avedro was founded in 2007 and raised its 1st funding round 2 years after it was founded.
Where is Avedro located?
Avedro is headquartered in Waltham, United States. It is registered at Waltham, Massachusetts, United States.
Is Avedro a funded company?
Avedro is a funded company, having raised a total of $210.76M across 11 funding rounds to date.
How many employees does Avedro have?
As of Dec 31, 2022, the latest employee count at Avedro is 113.
What does Avedro do?
Developer of corneal collagen cross-linking technology. Its products, the VibeX and KXL System for performing Lasik Xtra and accelerated cross-linking have been commercialized outside the US. It also received approval from the China FDA for its KXL system in Nov 2015.
Who are the top competitors of Avedro?
Who are Avedro's investors?
Avedro has 14 investors. Key investors include Glaukos, Flagship Pioneering, Orbimed, Abingworth, and Lilly Asia Ventures.