About CardioNet
CardioNet is a publicly listed company based in Conshohocken (United States) founded in 1999. Outpatient cardiac arrhythmia monitoring solutions are provided by CardioNet. It operates in the Healthcare and Technology sectors. 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. Its focus areas include HealthTech, Healthcare IT, Value Based Care and Remote Monitoring. Its legal entity is BioTelemetry, Inc. Its competitors include Edwards Lifesciences, BioIntelliSense and Endotronix; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Conshohocken, United States
- Stage Public
- SectorsHealthcareTechnology
- Website cardionet.com
- Social LinkedIn X YouTube
- Legal Name Biotelemetry, Inc.
- Total Equity Funding$141.9M (USD)
in 6 rounds
- Latest Funding Round$6.9M (USD), Post-IPO
Apr 2021
- InvestorsIDEO
& 5 more
- Investments & AcquisitionsBiomedical Systems
& 2 more
Products & Services of CardioNet
CardioNet offers a comprehensive portfolio of products and services, including MCOT, ePatch, Implantable Device Monitoring, and Telehealth.
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.
Apps and channels of CardioNet
its YouTube channel Philips Ambulatory Monitoring and Diagnostics has 1.84K subscribers and 30 videos.
Videos from CardioNet
The most watched videos on CardioNet's YouTube channel, Philips Ambulatory Monitoring and Diagnostics (1.84K subscribers). Click a video to play it here.
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 $141.9M
- Total Rounds 6
- Last Round Post-IPO — $6.9M
- First Round $13M
(Jan 2003)
- Investors Count 6
All 6 funding rounds of CardioNet with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2021 | $6.9M | Post-IPO | – | – | |
| Mar 2007 | $110M | Series D | – | – | – |
| Aug 2005 | $3.9M | Series C | – | – | – |
| Apr 2004 | $10M | Series C | – | – | – |
| Apr 2003 | $5M | Series C | – | – | – |
| Jan 2003 | $13M | Series C | – | – |
6 investors in total: 6 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| inglewoodventures.com | ||||
Biomedical investment financing and active management services. | sanderling.com | |||
Support is provided for life science ventures by BioFrontier. | 2001 | biofrontier.co.jp | Tokyo, Japan | |
Human-centered design and innovation consulting is provided to organizations. | 1991 | ideo.com | Palo Alto, United States | |
Investment advisory services are provided to financial clients. | 1986 | teklacap.com | Boston, United States | |
Limited information available | 1994 | guidant.com | Marlborough, United States |
Investor details for CardioNet
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- Complete investor list
- Round participation
- Investor portfolios
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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.
- IPO date02 Aug 2013
- Listed onNASDAQ: BEAT
- Listed entityHeartbeam, Inc.
- Exchange sectorHealth technology
Investments & Acquisitions by CardioNet
CardioNet has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Biomedical Systems, Cardiocore and Ecgscanning.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of specialized clinical trial services like cardiac safety testing, imaging and eCOA related services | biomedsys.com | St. Louis, United States | 1975 | Mar 2014 | $8.65M | |
Cardiac core lab services including ECG and echocardiography are provided. | cardiocore.com | Rockville, United States | 1992 | Aug 2012 | $23.5M | |
ECG scanning services are provided by Ecgscanning. | ecgscanning.com | 0 | Feb 2012 | $5.8M |
Complete acquisition details for CardioNet
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Timeline of CardioNet
7 dated milestones of CardioNet across 22 years, from founding to its latest funding, stage changes and deals.
- Founded CardioNet is founded.
- Funding First funding round of $13.0M.
- Acquisition Acquires Ecgscanning.
- Acquisition Acquires Cardiocore.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Biomedical Systems.
- Funding Latest funding round, Post-IPO, of $6.9M.
Competitors of CardioNet
CardioNet has 3 listed competitors in our database, 2 of them funded. They include Edwards Lifesciences, BioIntelliSense and Endotronix.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| edwards.com | 1958 | Irvine, United States | 19,800 | Medical devices for structural heart disease are developed and provided. | ||
| biointellisense.com | 2018 | Redwood, United States | $82M | 26 | Vital signs are monitored via a single-use patch and platform. | |
| endotronix.com | 2007 | East Peoria, United States | $154.77M | 104 | Miniaturized wireless implantable sensors are developed for hemodynamic monitoring. |
Detailed competitors of CardioNet
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- Full competitor set
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Web traffic of CardioNet
Websites that share an audience with CardioNet (cardionet.com).
Websites whose visitors overlap most with CardioNet. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| cordis.com | 100% | 44.3K | #735,879 | View details | |
| smith-nephew.com | 100% | 296.7K | #152,630 | View details | |
| bd.com | 100% | 1.2M | #57,463 | View details | |
| owens-minor.com | 100% | 64.7K | #417,011 | View details | |
| stryker.com | 100% | 1.1M | #56,352 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 29 similar websites and full traffic analytics for CardioNet
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- 29 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as CardioNet (Clinical IT & Data Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | |||
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | 1,746 |
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Related news about Cardionet
Complete news archive for CardioNet
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Frequently Asked Questions about CardioNet
CardioNet was founded in 1999 and raised its 1st funding round 4 years after it was founded.
CardioNet is headquartered in Conshohocken, United States. It is registered at Conshohocken, Pennsylvania, United States.
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 $13M, raised on Jan 2003.
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.
CardioNet's top competitors include Endotronix, BioIntelliSense and Edwards Lifesciences.
CardioNet offers MCOT, ePatch, Implantable Device Monitoring, and Telehealth.
Yes, CardioNet is publicly traded on NASDAQ under the ticker symbol BEAT.
CardioNet has made 3 acquisitions, including Biomedical Systems, Cardiocore, and Ecgscanning.
CardioNet has 6 investors. Key investors include IDEO, Tekla Capital Management, Guidant, IngleWood Ventures, and Sanderling Ventures.
CardioNet operates through Biotelemetry, Inc..