About Medtronic
Medtronic is a company based in Minneapolis (United States) founded in 1949 by Palmer Hermundslie.. The company has 95,000 employees as of April 30, 2024. Medtronic has completed 67 acquisitions, including A.T.S Medical, AMT AG and ATS Medical. Medtronic operates in a competitive market with competitors including GE Healthcare, Boston Scientific, CONMED, Johnson & Johnson and Commure, among others.
- Headquarter Minneapolis, United States
- Employees 95000 as on 30 Apr, 2024
- Founders Palmer Hermundslie
- Stage Public
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Sectors
Healthcare
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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 Medtronic Plc.
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Annual Revenue
$33.54 B3.62as on Apr 30, 2024
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Net Profit
$4.66 B26.82as on Apr 30, 2024
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EBITDA
$9.05 B8.06as on Apr 30, 2024
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Latest Funding Round
$34.74 K (USD), Grant
Oct 01, 2022
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Investors
Blackstone
& 3 more
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Employee Count
95000
as on Apr 30, 2024
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Investments & Acquisitions
A.T.S Medical
& 66 more
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IPO & Listings of Medtronic
Medtronic is a publicly listed company on the NYSE with ticker symbol MDT in USA, operating in the Health technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
362 people
Leadership Team
153 people
Sales and Marketing
123 people
Senior Team
61 people
Product Management Team
61 people
Finance and Accounting
52 people
Human Resources and Administration
40 people
Principal Team
28 people
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Funding Insights of Medtronic
- Total Funding Total Funding
- Total Rounds 15
- Last Round Grant — $34,743
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First Round
First Round
(06 Mar 2009)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Grant - Medtronic | Valuation |
investors |
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| Mar, 2021 | Amount | Grant - Medtronic | Valuation |
investors |
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| Oct, 2020 | Amount | Grant - Medtronic | 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 Medtronic
Medtronic has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Blackstone, gov.il and European Union. 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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Diversified investment management is provided across multiple asset classes.
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Waratah Capital Advisors is recognized as a Toronto-based asset manager specializing in alternative investment strategies.
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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 Medtronic
Medtronic has strategically engaged in corporate development activities, having acquired 67 companies. Notable acquisitions include A.T.S Medical, AMT AG and ATS Medical. 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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Syringes are manufactured by A.T.S Medical in Egypt.
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2016 | ||||
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Supplier of agricultural commodities and feed components
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2016 | ||||
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Behavioral changes are monitored by AI-powered wearable devices.
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2016 |
| 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 - Medtronic
| 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 |
Medtronic Comparisons
Competitors of Medtronic
Medtronic 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 GE Healthcare, Boston Scientific, CONMED, Johnson & Johnson and Commure, 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 |
Materials management solutions are provided for healthcare organizations.
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| domain | founded_year | HQ Location |
Wide range of medical devices
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| domain | founded_year | HQ Location |
Surgical instruments are manufactured for multiple therapeutic areas.
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| domain | founded_year | HQ Location |
Healthcare solutions are provided by Johnson & Johnson globally.
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| domain | founded_year | HQ Location |
Complex healthcare challenges are addressed through technology solutions by Commure.
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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 Medtronic
Frequently Asked Questions about Medtronic
When was Medtronic founded?
Medtronic was founded in 1949 and raised its 1st funding round 60 years after it was founded.
Where is Medtronic located?
Medtronic is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Who is the current CEO of Medtronic?
Geoffrey S Martha is the current CEO of Medtronic.
How many employees does Medtronic have?
As of Apr 30, 2024, the latest employee count at Medtronic is 95,000.
What is the annual revenue of Medtronic?
Annual revenue of Medtronic is $33.54B as on Apr 30, 2024.
What does Medtronic do?
Founded in 1949 and headquartered in Minneapolis, United States, Medtronic operates in the medical devices sector. Solutions are provided for managing chronic conditions such as heart failure, Parkinsons disease, urinary incontinence, obesity, chronic pain, spinal disorders, and diabetes. Intraoperative neuromonitoring devices, ablation systems, and neurostimulation technologies are included in the general surgery offerings. Annual revenues of 30.77 billion and net profit of 4.07 billion were recorded in 2022.
Who are the top competitors of Medtronic?
Medtronic's top competitors include GE Healthcare, Boston Scientific and Johnson & Johnson.
Is Medtronic publicly traded?
Yes, Medtronic is publicly traded on NYSE under the ticker symbol MDT.
How many acquisitions has Medtronic made?
Medtronic has made 67 acquisitions, including A.T.S Medical, AMT AG, and ATS Medical.
Who are Medtronic's investors?
Medtronic has 4 investors. Key investors include Blackstone, gov.il, European Union, and Waratah Capital Advisors.
What is Medtronic's ticker symbol?
The ticker symbol of Medtronic is MDT on NYSE.
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