About Mainstay Medical
Mainstay Medical is a company based in Dublin (Ireland) founded in 2008.. Mainstay Medical has raised $27.2 million across 8 funding rounds from investors including Medtronic, WuXi Biologics and Perceptive Advisors. Mainstay Medical offers products and services including ReActiv8 System. Mainstay Medical operates in a competitive market with competitors including Theranica, MedRhythms, Sooma Oy, SPR Therapeutics and ZetrOZ, among others.
- Headquarter Dublin, Ireland
- Stage Public
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Sectors
HealthcareTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Mainstay Medical Distribution Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$27.2 M (USD)
in 8 rounds
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Latest Funding Round
$125 M (USD), Post-IPO
Feb 26, 2024
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Investors
Medtronic
& 12 more
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Employee Count
Employee Count
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Products & Services of Mainstay Medical
Mainstay Medical offers a comprehensive portfolio of products and services, including ReActiv8 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.
Implantable system for restoring muscle control in chronic low back pain
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Leadership Team
14 people
Therapy Team
7 people
Sales and Marketing
6 people
Software Development Team
5 people
Area Team
5 people
Finance and Accounting
4 people
Product Management Team
4 people
Human Resources and Administration
3 people
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Funding Insights of Mainstay Medical
Mainstay Medical has successfully raised a total of $27.2M across 8 strategic funding rounds. The most recent funding activity was a Post-IPO round of $125 million completed in February 2024. 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 8
- Last Round Post-IPO — $125.0M
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First Round
First Round
(01 Jul 2010)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Post-IPO - Mainstay Medical | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Mainstay Medical | Valuation |
investors |
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| Feb, 2018 | Amount | Post-IPO - Mainstay Medical | 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 Mainstay Medical
Mainstay Medical has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Medtronic, WuXi Biologics and Perceptive Advisors. 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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Private equity and venture captial firm focused on healthcare sectors
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Founded Year | Domain | Location | |
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Private investment firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Private equity and hedge fund investments in healthcare are managed.
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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 Mainstay Medical
| 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 - Mainstay Medical
| 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 |
Mainstay Medical Comparisons
Competitors of Mainstay Medical
Mainstay 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 Theranica, MedRhythms, Sooma Oy, SPR Therapeutics and ZetrOZ, 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 |
Therapeutic devices for pain management are developed and manufactured.
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| domain | founded_year | HQ Location |
Provider of wearable devices to combat neurological injuries and recover walking functions
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| domain | founded_year | HQ Location |
Non-invasive neuromodulation therapies
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| domain | founded_year | HQ Location |
Pioneers non-invasive devices for chronic pain relief through medical innovation.
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| domain | founded_year | HQ Location |
Wearable bioelectronic devices for acoustic medicine treatments are developed.
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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 Mainstay Medical
Frequently Asked Questions about Mainstay Medical
When was Mainstay Medical founded?
Mainstay Medical was founded in 2008 and raised its 1st funding round 2 years after it was founded.
Where is Mainstay Medical located?
Mainstay Medical is headquartered in Dublin, Ireland.
Who is the current CEO of Mainstay Medical?
Jason Hannon is the current CEO of Mainstay Medical.
Is Mainstay Medical a funded company?
Mainstay Medical is a funded company, having raised a total of $27.2M across 8 funding rounds to date. The company's 1st funding round was a Post-IPO of $37.15M, raised on Jul 01, 2010.
What does Mainstay Medical do?
Mainstay Medical was founded in 2008 in Dublin, Ireland, and operates in the medical device sector focused on rehabilitation. Neurostimulation therapy, including the ReActiv8 device, is developed to address chronic low back pain by targeting muscle dysfunction. The device is implanted by physicians to enable monitoring of patient outcomes and pain management. Solutions are directed toward both patients and healthcare providers across Europe and beyond.
Who are the top competitors of Mainstay Medical?
Mainstay Medical's top competitors include Theranica, MedRhythms and Nufabrx.
What products or services does Mainstay Medical offer?
Mainstay Medical offers ReActiv8 System.
Who are Mainstay Medical's investors?
Mainstay Medical has 13 investors. Key investors include Medtronic, WuXi Biologics, Perceptive Advisors, Capricorn Partners, and Gilde Healthcare.
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