About Biomet
Biomet is a company based in Warsaw (United States) founded in 1977 was acquired by Zimmer Biomet in April 2014.. The company has 10 employees as of April 04, 2024. Biomet has completed 3 acquisitions, including Cartilix, Interpore Cross and Lanx. Biomet offers products and services including Z1™ Triple-Taper Hip System, ROSA® Robotics, Persona IQ®, and mymobility® Care Management Platform. Biomet operates in a competitive market with competitors including Treace Medical Concepts, Bioretec, IlluminOss Medical, Loci Orthopaedics and Wright Medical, among others.
- Headquarter Warsaw, United States
- Employees 10 as on 04 Apr, 2024
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Biomet Orthopaedic India Private Limited
- Date of Incorporation 01 Oct, 2009
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$9.21 M (USD)11.72as on Mar 31, 2017
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Net Profit
$201.91 K (USD)-25.76as on Mar 31, 2017
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EBITDA
$1.42 M (USD)1.41as on Mar 31, 2017
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Latest Funding Round
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Investors
Goldman Sachs
& 5 more
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Employee Count
10
as on Apr 04, 2024
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Investments & Acquisitions
Cartilix
& 2 more
- Acquired by
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Products & Services of Biomet
Biomet offers a comprehensive portfolio of products and services, including Z1™ Triple-Taper Hip System, ROSA® Robotics, Persona IQ®, and mymobility® Care Management Platform. 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.
Implant for hip replacement to improve mobility and stability.
Robotic platform for precise orthopedic surgical assistance.
AI tool for monitoring patient recovery post-surgery.
Platform for managing patient care and rehabilitation remotely.
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Software Development Team
170 people
Sales and Marketing
120 people
Leadership Team
79 people
Finance and Accounting
35 people
Human Resources and Administration
29 people
Operations Team
26 people
Product Management Team
21 people
Senior Team
16 people
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Funding Insights of Biomet
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2007 | Amount | Private Equity Round - Biomet | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
investors |
Investors in Biomet
Biomet has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldman Sachs, KKR and Blackstone. 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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Mid-market companies are invested in by this private equity firm.
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Founded Year | Domain | Location | |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Diversified investment management is provided across multiple asset classes.
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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 Biomet
Biomet has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Cartilix, Interpore Cross and Lanx. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cartilage regeneration technologies for knee repair are developed by Cartilix.
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2004 | ||||
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Sells lanyards, badge holders, and accessories for identification protection.
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2003 | ||||
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Develops a portfolio of Orthopedic products
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1975 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Biomet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
investors |
Biomet Comparisons
Competitors of Biomet
Biomet 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 Treace Medical Concepts, Bioretec, IlluminOss Medical, Loci Orthopaedics and Wright Medical, 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 |
Orthopedic foot and ankle correction systems are developed and offered.
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| domain | founded_year | HQ Location |
Provider of bioabsorbable, bioactive and drug-releasing surgical implants
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| domain | founded_year | HQ Location |
Minimally invasive orthopedic systems for bone fracture stabilization are developed.
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| domain | founded_year | HQ Location |
Thumb implant for thumb base arthritis
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| domain | founded_year | HQ Location |
Orthopedic medical devices for upper and lower extremities are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Biomet
Frequently Asked Questions about Biomet
When was Biomet founded?
Biomet was founded in 1977 and raised its 1st funding round 30 years after it was founded.
Where is Biomet located?
Biomet is headquartered in Warsaw, United States.
How many employees does Biomet have?
As of Apr 04, 2024, the latest employee count at Biomet is 10.
What is the annual revenue of Biomet?
Annual revenue of Biomet is $9.21M as on Mar 31, 2017.
What does Biomet do?
The company was founded in 1977 in Warsaw, United States, and operates in the medical devices sector, focusing on orthopedics. Surgical and non-surgical products are designed, manufactured, marketed, and distributed, including knee and hip reconstructive items, sports medicine and trauma solutions, spine and bone healing devices, neurosurgical tools, dental reconstructive products, and bone cement. An acquisition by Zimmer occurred in 2014, resulting in the formation of Zimmer Biomet.
Who are the top competitors of Biomet?
Biomet's top competitors include Treace Medical Concepts, Loci Orthopaedics and Bioretec.
What products or services does Biomet offer?
Biomet offers Z1™ Triple-Taper Hip System, ROSA® Robotics, Persona IQ®, and mymobility® Care Management Platform.
How many acquisitions has Biomet made?
Biomet has made 3 acquisitions, including Cartilix, Interpore Cross, and Lanx.
Who are Biomet's investors?
Biomet has 6 investors. Key investors include Goldman Sachs, KKR, Blackstone, TPG, and Zimmer Biomet.
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