About FlexSpark
FlexSpark is a Healthcare company based in Memphis (United States) founded in 2016 by Dozie Ugwumadu and Juan Camilo Navarrete. Wearable electrical muscle stimulators for deep vein thrombosis are developed. FlexSpark has raised $75 thousand across 2 funding rounds from investors including MB Venture Partners and Innova Memphis. Its focus areas include Life Sciences, Pain Management, Medical Devices and Therapeutic Devices. Its legal entity is Flexspark, Inc. Its competitors include Regenesis, PowerDot and ADM Tronics; 1 of its 3 listed competitors has raised funding.
Company details
FlexSpark is a developer of muscle stimulating devices for deep vein thrombosis used in clinical or hospital settings. The company developed a wireless wearable on-leg electrical muscle stimulator that aims to improve patient outcomes, with better user experience. the device is paired with the FlexSpark app, which can be used to control the intensity, frequency, etc. The device is not FDA cleared as of May 2017.
- Headquarters Memphis, United States
- Founders Dozie Ugwumadu, Juan Camilo Navarrete
- SectorsHealthcare
- Email••••••••
- Website flexspark.cc
- Social LinkedIn X Facebook
- Legal Name Flexspark, Inc.
- Total Equity Funding$75K (USD)
in 2 rounds
- Latest Funding Round$25K (USD), Seed
Jun 2016
- InvestorsMB Venture Partners
& 1 more
Funding Insights of FlexSpark
FlexSpark has successfully raised a total of $75K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $25 thousand completed in June 2016. 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 $75,000
- Total Rounds 2
- Last Round Seed — $25,000
- First Round $50,000
(May 2016)
- Investors Count 2
All 2 funding rounds of FlexSpark 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 2016 | $25,000 | Seed | – | – | |
| May 2016 | $50,000 | Seed | – | – |
2 investors in total: 2 institutional.
Investors in FlexSpark
FlexSpark has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include MB Venture Partners and Innova Memphis.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Capital and strategic direction are provided to life science companies. | mbventures.com | Memphis, United States | ||
Early-stage investments are made in high-growth technology companies. | innovamemphis.com | Memphis, United States |
Investor details for FlexSpark
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of FlexSpark
2 people are tracked at FlexSpark (2 in leadership).
| Name | Role | Group |
|---|---|---|
Dozie Ugwumadu | Co-Founder | Leadership |
Juan Camilo Navarrete | Co-Founder | Leadership |
Complete people profiles for FlexSpark
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- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of FlexSpark
3 dated milestones of FlexSpark, from founding to its latest funding, stage changes and deals.
- Founded FlexSpark is founded.
- Funding First funding round of $50K.
- Funding Latest funding round, Seed, of $25K.
Competitors of FlexSpark
FlexSpark has 3 listed competitors in our database, 1 of them funded. They include Regenesis, PowerDot and ADM Tronics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| regenesismed.com | 1996 | Scottsdale, United States | $13.32M | 57 | At-home non-drug pain relief devices are provided for patients. | |
| powerdot.com | 2016 | Carlsbad, United States | Mobile app-based electronic muscle stimulator for recovery is provided. | |||
| admtronics.com | 1969 | Northvale, United States | Electronic medical devices and components are manufactured by ADM Tronics. |
Detailed competitors of FlexSpark
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Pain Management
3 companies that operate in the same segment as FlexSpark (Pain Management) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer of therapies for the treatment of musculoskeletal disorders | 2007 | Woburn, Massachusetts, United States | USD 62 M | USD 85.55 M | 692 | |
Developer of therapeutics for pain relief and inflammatory diseases | 2004 | New York, New York, United States | USD 51 M | USD 4.33 M | 79 | |
GPCR ligand-based therapeutics for cardiovascular diseases and pain are developed. | 2007 | Philadelphia, Pennsylvania, United States | USD 203 M | USD 3.13 M | 35 |
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Frequently Asked Questions about FlexSpark
FlexSpark was founded in 2016.
FlexSpark is headquartered in Memphis, United States. It is registered at Memphis, Tennessee, United States.
FlexSpark is a funded company, having raised a total of $75K across 2 funding rounds to date. The company's 1st funding round was a Seed of $50K, raised on May 2016.
FlexSpark is a developer of muscle stimulating devices for deep vein thrombosis used in clinical or hospital settings. The company developed a wireless wearable on-leg electrical muscle stimulator that aims to improve patient outcomes, with better user experience. the device is paired with the FlexSpark app, which can be used to control the intensity, frequency, etc. The device is not FDA cleared as of May 2017.
FlexSpark's top competitors include Regenesis, ADM Tronics and PowerDot.
FlexSpark has 2 investors. Key investors include MB Venture Partners, and Innova Memphis.
FlexSpark operates through Flexspark, Inc..