About Companion Medical
Companion Medical is a company based in San Diego (United States) founded in 2013 was acquired by Medtronic in August 2020.. Companion Medical has raised $24.09 million across 9 funding rounds from investors including Lilly, Medtronic and K2 HealthVentures. Companion Medical offers products and services including InPen Smart Insulin Pen and Guardian Connect System. Companion Medical operates in a competitive market with competitors including Dexcom, Livongo, One Drop, Bigfoot Biomedical and Xeris Pharmaceuticals, among others.
- Headquarter San Diego, United States
-
Sectors
HealthcareTechnology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Medtronic
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Companion Medical
Companion Medical offers a comprehensive portfolio of products and services, including InPen Smart Insulin Pen and Guardian Connect System. 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.
Reusable pen for calculating and delivering insulin doses accurately.
Device for real-time continuous glucose monitoring in diabetes management.
Funding Insights of Companion Medical
Companion Medical has successfully raised a total of $24.09M across 9 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $27.5 million completed in January 2020. 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 9
- Last Round Debt – Conventional — $27.5M
-
First Round
First Round
(30 Apr 2014)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2020 | Amount | Debt – Conventional - Companion Medical | Valuation |
investors |
|
| Apr, 2018 | Amount | Series B - Companion Medical | Valuation |
investors |
|
| Nov, 2017 | Amount | Series B - Companion Medical | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Companion Medical
Companion Medical has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Lilly, Medtronic and K2 HealthVentures. 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 |
|---|---|---|---|---|
|
Flexible, long-term financing solutions are provided to healthcare companies.
|
Founded Year | Domain | Location | |
|
Traditional pharmaceutical medicines are developed for multiple health fields.
|
Founded Year | Domain | Location | |
|
Medical equipment for treating over 30 chronic diseases is developed.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Companion Medical
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Companion Medical
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Companion Medical Comparisons
Competitors of Companion Medical
Companion 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 Dexcom, Livongo, One Drop, Bigfoot Biomedical and Xeris Pharmaceuticals, 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 |
Wearable glucose monitoring patches are provided for real-time data tracking.
|
|
| domain | founded_year | HQ Location |
Provider of smart devices for diabetes management for patients and doctors
|
|
| domain | founded_year | HQ Location |
Provider of workforce healthcare solutions
|
|
| domain | founded_year | HQ Location |
Developer of a closed-loop automated insulin delivery system
|
|
| domain | founded_year | HQ Location |
Liquid-stable injectables are developed for peptide and protein drug delivery.
|
|
| domain | founded_year | HQ Location |
Gamified apps for diabetes management and therapy are provided.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Companion Medical
Frequently Asked Questions about Companion Medical
When was Companion Medical founded?
Companion Medical was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Companion Medical located?
Companion Medical is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Who is the current CEO of Companion Medical?
Sean Saint is the current CEO of Companion Medical.
Is Companion Medical a funded company?
Companion Medical is a funded company, having raised a total of $24.09M across 9 funding rounds to date. The company's 1st funding round was a Series B of $1.8M, raised on Apr 30, 2014.
What does Companion Medical do?
Companion Medical was founded in 2013 in San Diego, United States, focusing on medical devices for diabetes management. The InPen insulin injector is equipped with Bluetooth to transmit dose amounts and usage times to a companion mobile app. Features such as dose calculations and alerts for missed injections are integrated. FDA clearance for the device was obtained in July 2016.
Who are the top competitors of Companion Medical?
Companion Medical's top competitors include Dexcom, Senseonics and Bigfoot Biomedical.
What products or services does Companion Medical offer?
Companion Medical offers InPen Smart Insulin Pen and Guardian Connect System.
Who are Companion Medical's investors?
Companion Medical has 3 investors. Key investors include Lilly, Medtronic, and K2 HealthVentures.