About CardioNet
CardioNet is a company based in Conshohocken (United States) founded in 1999.. CardioNet has raised $141.9 million across 6 funding rounds from investors including IDEO, Tekla Capital Management and Guidant. CardioNet has completed 3 acquisitions, including Biomedical Systems, Cardiocore and Ecgscanning. CardioNet offers products and services including MCOT, ePatch, Implantable Device Monitoring, and Telehealth. CardioNet operates in a competitive market with competitors including Tyto Care, Edwards Lifesciences, BioIntelliSense, Endotronix and Athelas, among others.
- Headquarter Conshohocken, United States
- Stage Public
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Sectors
HealthcareTechnology
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Phone
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Website
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Social
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- Legal Name Biotelemetry, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$141.9 M (USD)
in 6 rounds
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Latest Funding Round
$6.9 M (USD), Post-IPO
Apr 27, 2021
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Investors
IDEO
& 5 more
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Employee Count
Employee Count
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Investments & Acquisitions
Biomedical Systems
& 2 more
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IPO & Listings of CardioNet
CardioNet is a publicly listed company on the NASDAQ with ticker symbol BEAT in USA, operating in the Health technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of CardioNet
CardioNet offers a comprehensive portfolio of products and services, including MCOT, ePatch, Implantable Device Monitoring, and Telehealth. 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.
Mobile system for detecting and reporting arrhythmias remotely.
Wearable device for prolonged ECG recording and analysis.
System for tracking implanted cardiac devices from afar.
Platform enabling remote consultations and patient support.
Funding Insights of CardioNet
CardioNet has successfully raised a total of $141.9M across 6 strategic funding rounds. The most recent funding activity was a Post-IPO round of $6.9 million completed in April 2021. 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 6
- Last Round Post-IPO — $6.9M
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First Round
First Round
(09 Jan 2003)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2021 | Amount | Post-IPO - CardioNet | Valuation |
investors |
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| Mar, 2007 | Amount | Series D - CardioNet | Valuation |
investors |
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| Aug, 2005 | Amount | Series C - CardioNet | Valuation |
investors |
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| 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 CardioNet
CardioNet has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include IDEO, Tekla Capital Management and Guidant. 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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Founded Year | Domain | Location | |
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Biomedical investment financing and active management services.
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Founded Year | Domain | Location | |
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Support is provided for life science ventures by BioFrontier.
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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 CardioNet
CardioNet has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Biomedical Systems, Cardiocore and Ecgscanning. 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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Cardiac core lab services including ECG and echocardiography are provided.
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1992 | ||||
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Provider of specialized clinical trial services like cardiac safety testing, imaging and eCOA related services
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1975 | ||||
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ECG scanning services are provided by Ecgscanning.
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| 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 - CardioNet
| 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 |
Cardionet Comparisons
Competitors of CardioNet
CardioNet 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 Tyto Care, Edwards Lifesciences, BioIntelliSense, Endotronix and Athelas, 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 |
Medical consultations are facilitated via self-exams and remote diagnostic devices.
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| domain | founded_year | HQ Location |
Medical devices for structural heart disease are developed and provided.
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| domain | founded_year | HQ Location |
Vital signs are monitored via a single-use patch and platform.
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| domain | founded_year | HQ Location |
Miniaturized wireless implantable sensors are developed for hemodynamic monitoring.
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| domain | founded_year | HQ Location |
Provider of smart solutions for monitoring heart rate, weight, and blood pressure
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| domain | founded_year | HQ Location |
Remote monitoring platform for tracking patient activity
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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 Cardionet
Frequently Asked Questions about CardioNet
When was CardioNet founded?
CardioNet was founded in 1999 and raised its 1st funding round 4 years after it was founded.
Where is CardioNet located?
CardioNet is headquartered in Conshohocken, United States. It is registered at Conshohocken, Pennsylvania, United States.
Is CardioNet a funded company?
CardioNet is a funded company, having raised a total of $141.9M across 6 funding rounds to date. The company's 1st funding round was a Series C of $3.9M, raised on Jan 09, 2003.
What does CardioNet do?
CardioNet was founded in 1999 and is based in Conshohocken, United States. Operations center on the healthcare sector, specifically the diagnosis and monitoring of cardiac arrhythmias. Services include Mobile Cardiac Outpatient Telemetry (MCOT), event monitoring, and Holter monitoring. MCOT utilizes a lightweight, patient-worn sensor attached to electrodes to capture two-channel ECG data, tracking heart electrical activity in outpatient settings.
Who are the top competitors of CardioNet?
CardioNet's top competitors include Tyto Care, Endotronix and Athelas.
What products or services does CardioNet offer?
CardioNet offers MCOT, ePatch, Implantable Device Monitoring, and Telehealth.
Is CardioNet publicly traded?
Yes, CardioNet is publicly traded on NASDAQ under the ticker symbol BEAT.
How many acquisitions has CardioNet made?
CardioNet has made 3 acquisitions, including Biomedical Systems, Cardiocore, and Ecgscanning.
Who are CardioNet's investors?
CardioNet has 6 investors. Key investors include IDEO, Tekla Capital Management, Guidant, IngleWood Ventures, and Sanderling Ventures.
What is CardioNet's ticker symbol?
The ticker symbol of CardioNet is BEAT on NASDAQ.
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