About Channel Medsystems
Channel Medsystems is a Healthcare company based in San Francisco (United States) founded in 2009, and was acquired by Boston Scientific in November 2017. Cryothermic technology for endometrial ablation to control heavy bleeding. Channel Medsystems has raised $47.67 million across 5 funding rounds from investors including Boston Scientific, InnovaHealth Partners and Green Park & Golf Ventures. The company has 37 employees. Its focus areas include Life Sciences, Women Health, Medical Devices and Screening Devices. Its competitors include Gynesonics, Minerva Surgical and Interlace Medical; 3 of its 3 listed competitors have raised funding.
Company details
Channel Medsystems was founded in 2009 in San Francisco, United States. Operations are centered in the womens healthcare sector, where cryothermic endometrial ablation technology is developed to address heavy menstrual bleeding. Input from clinicians and biomedical engineers at the Theranova incubator was incorporated during development. A self-contained handheld device is employed, integrating cryothermic energy and user controls while eliminating the need for separate equipment.
- Headquarters San Francisco, United States
- Employees 37
- Stage Acquired
- SectorsHealthcare
- Website channelmedsystems.com
- Social LinkedIn
- Acquired by Boston Scientific (Nov 2017)
- Legal Name Channel Medsystems
- Total Equity Funding$47.67M (USD)
in 5 rounds
- InvestorsBoston Scientific
& 9 more
- Employee Count37
- Acquired byBoston Scientific
(Nov 2017)
Funding Insights of Channel Medsystems
Channel Medsystems has successfully raised a total of $47.67M across 5 strategic funding rounds. 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 $47.67M
- Total Rounds 5
- First Round $9.7M
(May 2013)
- Investors Count 10
All 5 funding rounds of Channel Medsystems 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 |
|---|---|---|---|---|---|
| Jun 2021 | Series C | – | InnovaHealth Partners, Green Park & Golf Ventures | ||
| Aug 2017 | $14.1M | Series C | – | – | |
| Jul 2015 | $23.87M | Series C | – | Third Point Ventures | |
| Oct 2014 | $6M | Debt – Conventional | – | – | – |
| May 2013 | $9.7M | Series B | – | – |
10 investors in total: 10 institutional.
Investors in Channel Medsystems
Channel Medsystems has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Boston Scientific, InnovaHealth Partners and Green Park & Golf Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
InnovaHealth Partners is focused on medical device private equity investments. | innovahealthpartners.com | New York City, United States | ||
Early-stage venture capital investments are made in medical startups. | 2011 | gpgventures.com | Dallas, United States | |
Venture capital is directed toward healthcare companies by Longwood Fund. | longwoodfund.com | Boston, United States | ||
Corporate-backed venture capital is focused on fintech and multiple sectors. | thirdpointventures.com | Menlo Park, United States | ||
India focused Incubation & seed stage venture capital firm | in3ventures.com | Ahmedabad, India | ||
A healthcare-focused investment firm supporting innovative company growth. | aperturevp.com | |||
A venture capital firm focused on early-stage MedTech investments. | 2006 | shdpartners.com | Dallas, United States | |
Healthcare startups are supported through venture capital investments. | incubevc.com | San Jose, United States | ||
Third Point is engaged in opportunistic investing across various strategies. | 1995 | thirdpoint.com | New York, United States | |
Wide range of medical devices | 1979 | bostonscientific.com | Marlborough, United States |
Investor details for Channel Medsystems
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People of Channel Medsystems
16 people are tracked at Channel Medsystems (4 in leadership, 11 in board & advisors, 1 in team); the tracked headcount is 37.
| Name | Role | Group |
|---|---|---|
Bill Malecki | COO & CTO | Leadership |
Ric Cote | President & CEO | Leadership |
Rhonda Bracey | VP of Finance | Leadership |
Anil Patel | VP of Quality Assurance | Leadership |
Carter Meyer | Director | Board & advisors |
James Coad | Advisor | Board & advisors |
Andrew Farquharson | Director | Board & advisors |
Jason Hong | Director | Board & advisors |
Andrew Brill | Advisor | Board & advisors |
Kelly Roy | Advisor | Board & advisors |
Malcolm Munro | Advisor | Board & advisors |
Jim Greenberg | Advisor | Board & advisors |
Daniel Burnett | Director | Board & advisors |
Tony Natale | Director | Board & advisors |
Robert Schwartz | Director | Board & advisors |
Edward Yu | SVP of Clinical & Regulatory | Team |
Complete people profiles for Channel Medsystems
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Timeline of Channel Medsystems
4 dated milestones of Channel Medsystems across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Channel Medsystems is founded.
- Funding First funding round of $9.7M.
- Exit Acquired by Boston Scientific.
- Funding Latest funding round, Series C,.
Competitors of Channel Medsystems
Channel Medsystems has 3 listed competitors in our database, 3 of them funded. They include Gynesonics, Minerva Surgical and Interlace Medical.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gynesonics.com | 2005 | Redwood, United States | $282.54M | 92 | A minimally invasive ablation system for uterine fibroids is developed. | |
| minervasurgical.com | 2008 | Redwood, United States | $135.1M | 155 | Minerva Surgical is focused on uterine health solutions. | |
| interlacemedical.com | 2006 | Framingham, United States | $32.5M | Gynecological devices for office-based procedures are designed and developed. |
Detailed competitors of Channel Medsystems
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Top companies in Women's Health & Fertility
3 companies that operate in the same segment as Channel Medsystems (Women's Health & Fertility) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer of cell-free DNA testing for oncology, women’s health, and organ health | 2004 | Redwood City, California, United States | USD 152.1 M | USD 2.31 B | 4,430 | |
Therapeutics for women's healthcare are developed and offered. | 1997 | Princeton, New Jersey, United States | USD 123.06 M | USD 19.59 M | ||
Provider of cell-free cancer liquid biopsy test | 2015 | San Francisco, California, United States | USD 388.62 M | 861 |
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Frequently Asked Questions about Channel Medsystems
Channel Medsystems was founded in 2009 and raised its 1st funding round 4 years after it was founded.
Channel Medsystems is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Channel Medsystems is a funded company, having raised a total of $47.67M across 5 funding rounds to date. The company's 1st funding round was a Series B of $9.7M, raised on May 2013.
Channel Medsystems has 37 employees.
Channel Medsystems was founded in 2009 in San Francisco, United States. Operations are centered in the womens healthcare sector, where cryothermic endometrial ablation technology is developed to address heavy menstrual bleeding. Input from clinicians and biomedical engineers at the Theranova incubator was incorporated during development. A self-contained handheld device is employed, integrating cryothermic energy and user controls while eliminating the need for separate equipment.
Channel Medsystems's top competitors include Gynesonics, Minerva Surgical and Interlace Medical.
Channel Medsystems has 10 investors. Key investors include Boston Scientific, InnovaHealth Partners, Green Park & Golf Ventures, Longwood Fund, and Third Point.
Channel Medsystems operates through Channel Medsystems.
Yes. Channel Medsystems was acquired by Boston Scientific in November 2017.