About Nevro
Nevro is a company based in Menlo Park (United States) founded in 2006 was acquired by Globus Medical in February 2025.. Nevro has raised $154.1 million across 8 funding rounds from investors including Medtronic, Globus Medical and CRG. The company has 1,215 employees as of December 31, 2023. Nevro has completed 1 acquisition, including VYRSA Technologies. Nevro operates in a competitive market with competitors including Vertos Medical, Spineart, Paradigm Spine, ATEC Spine and Relievant Medsystems, among others.
- Headquarter Menlo Park, United States
- Employees 1215 as on 31 Dec, 2023
- Stage Public
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Nevro Corp
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Annual Revenue
$353.08 M502as on Mar 31, 2024
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Net Profit
$-113.44 M-23as on Mar 31, 2024
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EBITDA
$-126.23 M-27as on Mar 31, 2024
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Total Equity Funding
$154.1 M (USD)
in 8 rounds
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Latest Funding Round
$189.75 M (USD), Post-IPO
Apr 10, 2020
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Investors
Medtronic
& 11 more
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Employee Count
1215
as on Dec 31, 2023
- Investments & Acquisitions
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Acquired by
Globus Medical
(Feb 06, 2025)
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Software Development Team
159 people
Leadership Team
66 people
Sales and Marketing
61 people
Product Management Team
41 people
Spine Team
21 people
Senior Team
15 people
Legal and Compliance
9 people
Operations Team
7 people
Unlock access to complete
Funding Insights of Nevro
Nevro has successfully raised a total of $154.1M across 8 strategic funding rounds. The most recent funding activity was a Post-IPO round of $189.75 million completed in April 2020. 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 — $189.8M
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First Round
First Round
(04 Dec 2006)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2020 | Amount | Post-IPO - Nevro | Valuation |
investors |
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| Jun, 2016 | Amount | Post-IPO - Nevro | Valuation |
investors |
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| Dec, 2014 | Amount | Debt – Conventional - Nevro | 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Nevro
Nevro has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Medtronic, Globus Medical and CRG. 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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CRG is recognized as a premier healthcare investment partner.
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Founded Year | Domain | Location | |
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Venture capital investments are offered to startups by NEA.
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Founded Year | Domain | Location | |
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Early-stage US healthcare investments are made by Accuitive Medical Ventures.
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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
|
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 Nevro
Nevro has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include VYRSA Technologies. 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
|
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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Sacroiliac joint fusion technologies are specialized in by VYRSA Technologies.
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2021 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
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.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Nevro
| 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 |
Nevro Comparisons
Competitors of Nevro
Nevro 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 Vertos Medical, Spineart, Paradigm Spine, ATEC Spine and Relievant Medsystems, 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 |
Minimally invasive treatments for lumbar spinal stenosis are developed.
|
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| domain | founded_year | HQ Location |
Developer of orthopedic implants and minimally invasive instruments
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| domain | founded_year | HQ Location |
Stabilization devices for healthcare are manufactured by the company.
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| domain | founded_year | HQ Location |
Treatment solutions for spine disorders are developed.
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| domain | founded_year | HQ Location |
Developer of medical devices for patients suffering from chronic vertebrogenic low back pain
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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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Latest news on Nevro
Frequently Asked Questions about Nevro
When was Nevro founded?
Nevro was founded in 2006.
Where is Nevro located?
Nevro is headquartered in Menlo Park, United States. It is registered at Menlo Park, California, United States.
Is Nevro a funded company?
Nevro is a funded company, having raised a total of $154.1M across 8 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $20M, raised on Dec 04, 2006.
How many employees does Nevro have?
As of Dec 31, 2023, the latest employee count at Nevro is 1,215.
What is the annual revenue of Nevro?
Annual revenue of Nevro is $353.08M as on Mar 31, 2024.
What does Nevro do?
Nevro was founded in 2006 and is based in Menlo Park, United States. The company operates within the medical device sector, specializing in neuromodulation for pain management. Spinal cord stimulation therapies are delivered via the Senza SCS system, which employs high-frequency technology. Development and distribution of these implants occur primarily in the U.S., targeting chronic pain conditions.
Who are the top competitors of Nevro?
Nevro's top competitors include Paradigm Spine, ATEC Spine and Vertos Medical.
How many acquisitions has Nevro made?
Nevro has made 1 acquisition, including VYRSA Technologies.
Who are Nevro's investors?
Nevro has 12 investors. Key investors include Medtronic, Globus Medical, CRG, NEA, and Accuitive Medical Ventures.