About CARLSMED
CARLSMED is a company based in San Diego (United States) founded in 2018 by Mike Cordonnier and Niall Casey.. CARLSMED has raised $109.63 million across 6 funding rounds from investors including B Capital, USVP and The Vertical Group. The company has 59 employees as of December 31, 2023. CARLSMED offers products and services including aprevo and myaprevo. CARLSMED operates in a competitive market with competitors including Stryker, NuVasive, In'Tech Medical, Orthofix and Zavation, among others.
- Headquarter San Diego, United States
- Employees 59 as on 31 Dec, 2023
- Founders Mike Cordonnier, Niall Casey
- Stage Public
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Sectors
Healthcare
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Phone
*********
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Website
*********
- Legal Name Carlsmed, 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
$109.63 M (USD)
in 6 rounds
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Latest Funding Round
$64.5 M (USD), Series C
Mar 12, 2024
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Investors
B Capital
& 6 more
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Employee Count
59
as on Dec 31, 2023
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IPO & Listings of CARLSMED
CARLSMED is a publicly listed company on the NASDAQ with ticker symbol CARL in USA, operating in the Technology services 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 CARLSMED
CARLSMED offers a comprehensive portfolio of products and services, including aprevo and myaprevo. 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.
Platform for personalized spine surgery planning and execution
Tool for 3D visualization in spinal care procedures
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Funding Insights of CARLSMED
CARLSMED has successfully raised a total of $109.63M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $64.5 million completed in March 2024. 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 Series C — $64.5M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series C - CARLSMED | Valuation | B Capital , USVP |
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| Apr, 2022 | Amount | Series B - CARLSMED | Valuation | B Capital | |
| Dec, 2020 | Amount | Series A - CARLSMED | Valuation | USVP |
| 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 CARLSMED
CARLSMED has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include B Capital, USVP and The Vertical Group. 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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Multistage investments are directed toward technology, healthcare, and climate sectors.
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Founded Year | Domain | Location | |
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VC firm that focuses on early stage investments in the US
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Founded Year | Domain | Location | |
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Investments in early and late-stage US companies are made.
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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 CARLSMED
| 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 - CARLSMED
| 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 |
Carlsmed Comparisons
Competitors of CARLSMED
CARLSMED 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 Stryker, NuVasive, In'Tech Medical, Orthofix and Zavation, 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 |
3D-printed orthopedic products are manufactured for medical applications.
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| domain | founded_year | HQ Location |
Smart surgical devices for spinal surgery are developed.
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| domain | founded_year | HQ Location |
Surgical instruments for orthopaedics are developed and manufactured.
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| domain | founded_year | HQ Location |
Reconstructive and regenerative solutions for bone conditions are developed.
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| domain | founded_year | HQ Location |
Medical devices for spine surgery are designed, manufactured, and distributed.
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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 Carlsmed
Frequently Asked Questions about CARLSMED
When was CARLSMED founded?
CARLSMED was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is CARLSMED located?
CARLSMED is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Who is the current CEO of CARLSMED?
Mike Cordonnier is the current CEO of CARLSMED. They have also founded this company.
Is CARLSMED a funded company?
CARLSMED is a funded company, having raised a total of $109.63M across 6 funding rounds to date. The company's 1st funding round was a Series A of $12.63M, raised on Jun 05, 2019.
How many employees does CARLSMED have?
As of Dec 31, 2023, the latest employee count at CARLSMED is 59.
What does CARLSMED do?
Founded in 2018 and based in San Diego, United States, CARLSMED operates in the medical device sector. Patient data and proprietary digital technologies are utilized to generate surgical plans and personalized Aprevo spine fusion devices. These are designed for adult spinal malalignment cases, with operations focused on optimizing spine surgery outcomes through customized solutions.
Who are the top competitors of CARLSMED?
CARLSMED's top competitors include Stryker, NuVasive and In'Tech Medical.
What products or services does CARLSMED offer?
CARLSMED offers aprevo and myaprevo.
Is CARLSMED publicly traded?
Yes, CARLSMED is publicly traded on NASDAQ under the ticker symbol CARL.
Who are CARLSMED's investors?
CARLSMED has 7 investors. Key investors include B Capital, USVP, The Vertical Group, Cove Fund, and Wavemaker 360.
What is CARLSMED's ticker symbol?
The ticker symbol of CARLSMED is CARL on NASDAQ.
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