About Butterfly Medical
Butterfly Medical is a company based in Yokneam Illit (Israel) founded in 2014 was acquired by WELL Health Technologies Corp in January 2019.. Butterfly Medical has raised $9 million across 5 funding rounds from investors including The University of California, WELL Health Technologies Corp and European Union. Butterfly Medical offers products and services including Implantable BPH Device. Butterfly Medical operates in a competitive market with competitors including Neotract, Zenflow, Urotronic, Rivermark and ProVerum Medical, among others.
- Headquarter Yokneam Illit, Israel
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9 M (USD)
in 5 rounds
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Latest Funding Round
$2.7 M (USD), Grant
Sep 01, 2023
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Investors
The University of California
& 8 more
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Employee Count
Employee Count
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Acquired by
WELL Health Technologies Corp
(Jan 02, 2019)
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Products & Services of Butterfly Medical
Butterfly Medical offers a comprehensive portfolio of products and services, including Implantable BPH Device. 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.
Treats BPH via minimally invasive implantation without tissue removal.
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Funding Insights of Butterfly Medical
Butterfly Medical has successfully raised a total of $9M across 5 strategic funding rounds. The most recent funding activity was a Grant round of $2.7 million completed in September 2023. 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 5
- Last Round Grant — $2.7M
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Grant - Butterfly Medical | Valuation |
investors |
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| Oct, 2020 | Amount | Series B - Butterfly Medical | Valuation | New Rhein |
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| Jan, 2020 | Amount | Angel Round - Butterfly Medical | Valuation | Paul Merage , Kamran Siminou |
| 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 Butterfly Medical
Butterfly Medical has secured backing from 9 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include The University of California, WELL Health Technologies Corp and European Union. 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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Healthcare investments are focused on life sciences ventures.
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Founded Year | Domain | Location | |
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Early-stage entrepreneurs are accelerated through MassChallenge's program.
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 Butterfly Medical
| 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 - Butterfly Medical
| 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 |
Butterfly Medical Comparisons
Competitors of Butterfly Medical
Butterfly 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 Neotract, Zenflow, Urotronic, Rivermark and ProVerum 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 |
Minimally invasive devices in urology
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| domain | founded_year | HQ Location |
A device is developed to treat urinary obstruction from BPH.
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| domain | founded_year | HQ Location |
Urethral stricture treatment devices are developed by Urotronic.
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| domain | founded_year | HQ Location |
Medical device for benign prostatic hyperplasia treatment is developed.
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| domain | founded_year | HQ Location |
Developer of a minimally-invasive medical device for benign prostatic hyperplasia
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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 Butterfly Medical
Frequently Asked Questions about Butterfly Medical
When was Butterfly Medical founded?
Butterfly Medical was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Butterfly Medical located?
Butterfly Medical is headquartered in Yokneam Illit, Israel. It is registered at Yokneam Illit, North District, Israel.
Is Butterfly Medical a funded company?
Butterfly Medical is a funded company, having raised a total of $9M across 5 funding rounds to date. The company's 1st funding round was a Angel Round of $2M, raised on Jun 01, 2016.
What does Butterfly Medical do?
Developer of an implantable device for the treatment of benign prostatic hyperplasia (BPH). The companys flagship product is a non-surgical device that is different from a conventional surgical treatment that requires a certain level of recovery and involves complications. It claims that the device can be delivered at the comfort of the physicians office and provides immediate relief.
Who are the top competitors of Butterfly Medical?
What products or services does Butterfly Medical offer?
Butterfly Medical offers Implantable BPH Device.
Who are Butterfly Medical's investors?
Butterfly Medical has 9 investors. Key investors include The University of California, WELL Health Technologies Corp, European Union, New Rhein Healthcare Investors, and Paul Merage.