About Facet Solutions
Facet Solutions is a Healthcare company based in Hopkinton (United States) founded in 2003, and was acquired by Globus Medical in January 2011. It specializes in spinal implants for medical applications. It operates on a B2B model. Facet Solutions has raised $26.33 million across 5 funding rounds from investors including Globus Medical, Spray Venture Partners and De Novo Ventures. The company has 17 employees. Facet Solutions has completed 1 acquisition, including Archus Orthopedics. Its focus areas include Medical Devices, Orthopedics and Spinal Implants. Its legal entity is FACET SOLUTIONS, INC. Its competitors include Nevro, Vertos Medical and Paradigm Spine; 3 of its 3 listed competitors have raised funding.
Company details
Facet Solutions operates with a B2B model, focusing on providing healthcare solutions, developing medical devices, orthopedics, and spinal implants. Specializes in spinal implants for medical applications. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Hopkinton, United States
- Employees 17
- Stage Acquired
- SectorsHealthcare
- Website facetsolutions.com
- Acquired by Globus Medical (Jan 2011)
- Legal Name Facet Solutions, Inc.
- Total Equity Funding$26.33M (USD)
in 5 rounds
- Latest Funding Round$2.12M (USD), Series C
Apr 2010
- InvestorsGlobus Medical
& 3 more
- Employee Count17
- Investments & Acquisitions
- Acquired byGlobus Medical
(Jan 2011)
Funding Insights of Facet Solutions
Facet Solutions has successfully raised a total of $26.33M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $2.12 million completed in April 2010. 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 $26.33M
- Total Rounds 5
- Last Round Series C — $2.12M
- Investors Count 3
All 5 funding rounds of Facet Solutions 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 2010 | $2.12M | Series C | – | – | – |
| Nov 2009 | $3.6M | Series C | – | Spray Venture Partners, De Novo Ventures | – |
| Jun 2009 | $4.11M | Series C | – | Spray Venture Partners, De Novo Ventures | – |
| Dec 2005 | $16.5M | Series B | – | – | |
| Jun 2004 | Series A | – | – |
4 investors in total: 4 institutional.
Investors in Facet Solutions
Facet Solutions has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Globus Medical, Spray Venture Partners and De Novo Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| spraypartners.com | ||||
| denovovc.com | ||||
| pequotcap.com | ||||
Developer of minimally invasive products for musculoskeletal procedures | 2003 | globusmedical.com | Audubon, United States |
Investor details for Facet Solutions
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Investments & Acquisitions by Facet Solutions
Facet Solutions has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Archus Orthopedics.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Reconstructive implants are developed for degenerative lumbar spine diseases. | archususa.com | Redmond, United States | 2001 | Nov 2009 | •••• |
Complete acquisition details for Facet Solutions
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Timeline of Facet Solutions
5 dated milestones of Facet Solutions across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Facet Solutions is founded.
- Funding First funding round.
- Acquisition Acquires Archus Orthopedics.
- Funding Latest funding round, Series C, of $2.1M.
- Exit Acquired by Globus Medical.
Competitors of Facet Solutions
Facet Solutions has 3 listed competitors in our database, 3 of them funded. They include Nevro, Vertos Medical and Paradigm Spine.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| nevro.com | 2006 | Menlo Park, United States | $154.1M | 1,215 | Provider of high-frequency spinal cord stimulation implants | |
| vertosmed.com | 2005 | Aliso Viejo, United States | $177.75M | 140 | Minimally invasive treatments for lumbar spinal stenosis are developed. | |
| paradigmspine.com | 2005 | New York, United States | $142.15M | 43 | Stabilization devices for healthcare are manufactured by the company. |
Detailed competitors of Facet Solutions
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Top companies in Orthopedics
3 companies that operate in the same segment as Facet Solutions (Orthopedics) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of high-frequency spinal cord stimulation implants | 2006 | Menlo Park, California, United States | USD 154.1 M | USD 353.08 M | 1,215 | |
Developer of therapies for the treatment of musculoskeletal disorders | 2007 | Woburn, Massachusetts, United States | USD 62 M | USD 85.55 M | 692 | |
Antibody-siRNA complexes are developed for cancer treatment. | 2012 | San Diego, California, United States | USD 142.54 M | USD 10.9 M | 391 |
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Frequently Asked Questions about Facet Solutions
Facet Solutions was founded in 2003 and raised its 1st funding round 1 year after it was founded.
Facet Solutions is headquartered in Hopkinton, United States. It is registered at Hopkinton, Massachusetts, United States.
Facet Solutions is a funded company, having raised a total of $26.33M across 5 funding rounds to date.
Facet Solutions has 17 employees.
Facet Solutions operates with a B2B model, focusing on providing healthcare solutions, developing medical devices, orthopedics, and spinal implants. Specializes in spinal implants for medical applications. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Facet Solutions's top competitors include Nevro, Paradigm Spine and Vertos Medical.
Facet Solutions has made 1 acquisition, including Archus Orthopedics.
Facet Solutions has 4 investors. Key investors include Globus Medical, Spray Venture Partners, De Novo Ventures, and Pequot Capital Management.
Facet Solutions operates through Facet Solutions, Inc..
Yes. Facet Solutions was acquired by Globus Medical in January 2011.