About HeartWare
HeartWare is a company based in Framingham (United States) founded in 2005 was acquired by Medtronic in June 2016.. HeartWare has raised $12.38 million across 3 funding rounds from investors including Medtronic. The company has 547 employees as of December 31, 2015. HeartWare has completed 2 acquisitions, including CircuLite and World Heart Corporation. HeartWare operates in a competitive market with competitors including Sequana Medical, CVRx, Element Science, Ancora Heart and SynCardia, among others.
- Headquarter Framingham, United States
- Employees 547 as on 31 Dec, 2015
- Stage Public
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Sectors
Healthcare
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Phone
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Website
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Social
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- Legal Name Heartware, Inc.
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Funding Insights of HeartWare
HeartWare has successfully raised a total of $12.38M across 3 strategic funding rounds. The most recent funding activity was a Post-IPO round of $220 thousand completed in September 2009. 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 3
- Last Round Post-IPO — $220,000
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First Round
First Round
(15 Aug 2007)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2009 | Amount | Post-IPO - HeartWare | Valuation |
investors |
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| Aug, 2009 | Amount | Post-IPO - HeartWare | Valuation |
investors |
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| Aug, 2007 | Amount | Series A - HeartWare | Valuation |
investors |
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| 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 HeartWare
HeartWare has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Medtronic. 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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Medical equipment for treating over 30 chronic diseases is developed.
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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 HeartWare
HeartWare has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include CircuLite and World Heart Corporation. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cardiac implants are developed for early-stage heart failure patients.
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2004 | ||||
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Ventricular assist devices for heart failure patients are developed.
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1996 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - HeartWare
| 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 |
Heartware Comparisons
Competitors of HeartWare
HeartWare 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 Sequana Medical, CVRx, Element Science, Ancora Heart and SynCardia, 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 |
Implantable battery-powered pumps for ascites removal are developed.
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| domain | founded_year | HQ Location |
Implantable technology for hypertension and heart failure is developed.
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| domain | founded_year | HQ Location |
Wearable patch defibrillators are developed for sudden cardiac arrest treatment.
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| domain | founded_year | HQ Location |
Minimally invasive ventriculoplasty system for heart failure and FMR
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| domain | founded_year | HQ Location |
Total artificial hearts are developed for cardiac replacement therapy.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Heartware
Frequently Asked Questions about HeartWare
When was HeartWare founded?
HeartWare was founded in 2005 and raised its 1st funding round 2 years after it was founded.
Where is HeartWare located?
HeartWare is headquartered in Framingham, United States. It is registered at Framingham, Massachusetts, United States.
Is HeartWare a funded company?
HeartWare is a funded company, having raised a total of $12.38M across 3 funding rounds to date. The company's 1st funding round was a Series A of $12.38M, raised on Aug 15, 2007.
How many employees does HeartWare have?
As of Dec 31, 2015, the latest employee count at HeartWare is 547.
What does HeartWare do?
HeartWare was founded in 2005 in Framingham, United States, as a medical device company specializing in ventricular assist devices (VADs) for advanced heart failure patients. FDA approval was granted in 2012 for bridge-to-transplant therapy, while commercial availability has been established in Europe and Australia since 2009. Over 9,000 patients have been treated with the HeartWare Ventricular Assist System to date.
Who are the top competitors of HeartWare?
HeartWare's top competitors include Sequana Medical, CVRx and Adona Medical.
How many acquisitions has HeartWare made?
HeartWare has made 2 acquisitions, including CircuLite, and World Heart Corporation.
Who are HeartWare's investors?
HeartWare has 1 investor. Key investors include Medtronic.
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