About Lutonix
Lutonix is a company based in Minneapolis (United States) founded in 2007 by Lixiao Wang was acquired by CR Bard in December 2011.. Lutonix has raised $35 million across 3 funding rounds from investors including CR Bard, Versant Ventures and Delphi Ventures. Lutonix operates in a competitive market with competitors including Cardiovascular Systems, Contego Medical, AngioScore, Echopoint Medical and Shape Memory Medical, among others.
- Headquarter Minneapolis, United States
- Founders Lixiao Wang
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Sectors
Healthcare
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Phone
*********
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Website
*********
- Legal Name Lutonix Inc
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Funding Insights of Lutonix
Lutonix has successfully raised a total of $35M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $10 million completed in December 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 Total Funding
- Total Rounds 3
- Last Round Series B — $10.0M
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First Round
First Round
(01 Jun 2007)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2010 | Amount | Series B - Lutonix | Valuation |
investors |
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| Oct, 2008 | Amount | Series B - Lutonix | Valuation | Versant Ventures | |
| Jun, 2007 | Amount | Series A - Lutonix | Valuation |
investors |
| 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 Lutonix
Lutonix has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include CR Bard, Versant Ventures and Delphi Ventures. 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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Venture capital firm managing investments in biotechnology and pharmaceuticals since 1999.
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Founded Year | Domain | Location | |
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Investments are made in life sciences firms across all stages.
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Founded Year | Domain | Location | |
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VC firm that focuses on early stage investments in the US
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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 Lutonix
| 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 |
Financial Statements - Lutonix
| 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 |
Lutonix Comparisons
Competitors of Lutonix
Lutonix 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 Cardiovascular Systems, Contego Medical, AngioScore, Echopoint Medical and Shape Memory Medical, 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 |
Devices for treating peripheral and coronary vascular disease are developed.
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| domain | founded_year | HQ Location |
Provider of vascular stenting with embolic protection for both coronary and peripheral vasculature
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| domain | founded_year | HQ Location |
Scoring balloon catheters for coronary and peripheral angioplasty are developed.
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| domain | founded_year | HQ Location |
Smart devices for monitoring coronary artery disease are developed.
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| domain | founded_year | HQ Location |
Embolization devices are developed using Shape Memory Polymer foams.
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| domain | founded_year | HQ Location |
Developer a system for venous arterialization of the lower limbs
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about Lutonix
When was Lutonix founded?
Lutonix was founded in 2007.
Where is Lutonix located?
Lutonix is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Is Lutonix a funded company?
Lutonix is a funded company, having raised a total of $35M across 3 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Jun 01, 2007.
What does Lutonix do?
Lutonix was founded in 2007 in Minneapolis, United States, focusing on the medical device sector. Drug-coated balloon catheters are offered for treating peripheral and coronary artery lesions. Paclitaxel, an anti-proliferative agent, is delivered by the catheters to inhibit restenosis. The company was acquired by Bard in 2011, with operations centered on cardiovascular interventions.
Who are the top competitors of Lutonix?
Lutonix's top competitors include Contego Medical, Limflow and Shape Memory Medical.
Who are Lutonix's investors?
Lutonix has 5 investors. Key investors include CR Bard, Versant Ventures, Delphi Ventures, USVP, and RiverVest Venture Partners.
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