About Minnetronix Medical
Minnetronix Medical is a company based in Saint Paul (United States) founded in 1996 was acquired by Altaris in February 2021.. Minnetronix Medical has raised $20 million across 11 funding rounds from investors including NIH, HHS and Altaris. The company has 263 employees as of December 31, 2020. Minnetronix Medical has completed 1 acquisition, including Neurofluidics. Minnetronix Medical offers products and services including Full Lifecycle Solutions, Optical Systems, RF Energy, Electroporation, and Stimulation and Active Wearables. Minnetronix Medical operates in a competitive market with competitors including Blackrock Neurotech, Nexstim, MindMaze, Precision Neuroscience and Synergia Medical, among others.
- Headquarter Saint Paul, United States
- Employees 263 as on 31 Dec, 2020
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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 Minnetronix, Inc.
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Products & Services of Minnetronix Medical
Minnetronix Medical offers a comprehensive portfolio of products and services, including Full Lifecycle Solutions, Optical Systems, RF Energy, Electroporation, and Stimulation and Active Wearables. 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.
Offers design, development, and manufacturing for medical devices
Develops optical technologies for healthcare applications
Provides RF energy solutions for medical device innovation
Handles electroporation techniques for therapeutic uses
Engineers wearable devices for medical stimulation
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Funding Insights of Minnetronix Medical
Minnetronix Medical has successfully raised a total of $20M across 11 strategic funding rounds. 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 11
- Last Round Last Round
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First Round
First Round
(28 Jun 2011)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2020 | Amount | Grant - Minnetronix Medical | Valuation |
investors |
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| Aug, 2019 | Amount | Grant - Minnetronix Medical | Valuation |
investors |
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| Sep, 2016 | Amount | Grant - Minnetronix 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 Minnetronix Medical
Minnetronix Medical has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include NIH, HHS and Altaris. 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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PE firm invests in the US
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Founded Year | Domain | Location | |
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Drug discovery services are provided to the biopharma sector.
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Founded Year | Domain | Location | |
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Public health and human services are overseen by HHS.
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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 Minnetronix Medical
Minnetronix Medical has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Neurofluidics. 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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Develops devices for the treatment of neurological disorders
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2007 |
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OVO is recognized as a smart digital payment application.
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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 - Minnetronix Medical
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Minnetronix Medical Comparisons
Competitors of Minnetronix Medical
Minnetronix 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 Blackrock Neurotech, Nexstim, MindMaze, Precision Neuroscience and Synergia 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 |
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| domain | founded_year | HQ Location |
Medical devices for neurological therapies are developed.
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Noninvasive brain stimulation is provided for stroke patient rehabilitation.
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Evidence-based digital neurotherapeutics are developed for brain health recovery.
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Brain-computer interfaces developed for medical treatment and drug development.
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Implantable neurostimulators and contactless monitoring systems are developed.
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| domain | founded_year | HQ Location |
Bioelectronic devices are developed for regenerative medicine therapies.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Minnetronix Medical
Frequently Asked Questions about Minnetronix Medical
When was Minnetronix Medical founded?
Minnetronix Medical was founded in 1996 and raised its 1st funding round 15 years after it was founded.
Where is Minnetronix Medical located?
Minnetronix Medical is headquartered in Saint Paul, United States. It is registered at Saint Paul, Minnesota, United States.
Who is the current CEO of Minnetronix Medical?
Rich Nazarian is the current CEO of Minnetronix Medical.
Is Minnetronix Medical a funded company?
Minnetronix Medical is a funded company, having raised a total of $20M across 11 funding rounds to date. The company's 1st funding round was a Grant of $1.57M, raised on Jun 28, 2011.
How many employees does Minnetronix Medical have?
As of Dec 31, 2020, the latest employee count at Minnetronix Medical is 263.
What does Minnetronix Medical do?
Manufacturer of multiple devices for neurocritical patients. The products provided are spinal cord stimulation devices for chronic pain, urinary incontinence, muscle stimulation, peripheral nerve, intracranial stimulation, and others. It also provides endoscopic imaging systems and test equipment. The company is developing a portfolio of solutions designed to prevent secondary injury and enhance healing for patients. It also developed optical systems that create algorithms for image processing and display to optimize sensor performance and visualization. It provides thermal simulation and modeling techniques that help in electroporation and trans-cellular pharmaceutical delivery. The platform offers neurapheresis therapies for the treatment and return of cerebrospinal fluid.
Who are the top competitors of Minnetronix Medical?
Minnetronix Medical's top competitors include Blackrock Neurotech, Precision Neuroscience and Nexstim.
What products or services does Minnetronix Medical offer?
Minnetronix Medical offers Full Lifecycle Solutions, Optical Systems, RF Energy, Electroporation, and Stimulation and Active Wearables.
How many acquisitions has Minnetronix Medical made?
Minnetronix Medical has made 1 acquisition, including Neurofluidics.