About Obalon
Obalon is a company based in Carlsbad (United States) founded in 2008 was acquired by ModaThera in January 2021.. Obalon has raised $63.65 million across 8 funding rounds from investors including Square 1 Bank, Axon Partners Group and ReShape Lifesciences. The company has 1 employees as of December 31, 2020. Obalon operates in a competitive market with competitors including Apollo Endo, USGI Medical, ReShape, Vibrynt and Satiety, among others.
- Headquarter Carlsbad, United States
- Employees 1 as on 31 Dec, 2020
- 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 Obalon Therapeutics, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$63.65 M (USD)
in 8 rounds
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Latest Funding Round
$10 M (USD), Post-IPO
Aug 29, 2018
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Investors
Square 1 Bank
& 9 more
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Employee Count
1
as on Dec 31, 2020
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Acquired by
ModaThera
(Jan 20, 2021)
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Funding Insights of Obalon
Obalon has successfully raised a total of $63.65M across 8 strategic funding rounds. The most recent funding activity was a Post-IPO round of $10 million completed in August 2018. 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 — $10.0M
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First Round
First Round
(01 Feb 2008)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2018 | Amount | Post-IPO - Obalon | Valuation |
investors |
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| Jan, 2015 | Amount | Series D - Obalon | Valuation |
investors |
|
| Jan, 2015 | Amount | Debt – Conventional - Obalon | 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 Obalon
Obalon has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Square 1 Bank, Axon Partners Group and ReShape Lifesciences. 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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Investments are focused on energy, telecoms, blockchain, and cybersecurity sectors.
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Founded Year | Domain | Location | |
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Provider of a venture capital firm for various sectors
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Founded Year | Domain | Location | |
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Life science & tech focused VC firm investing 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 Obalon
| 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 |
Financial Statements - Obalon
| 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 |
Obalon Comparisons
Competitors of Obalon
Obalon 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 Apollo Endo, USGI Medical, ReShape, Vibrynt and Satiety, 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 obesity and GI disorders are developed.
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| domain | founded_year | HQ Location |
Incisionless operating platform for weight loss surgery
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| domain | founded_year | HQ Location |
A dual intra-gastric balloon system is provided for weight loss.
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| domain | founded_year | HQ Location |
Provides durable coat hooks and storage solutions for home use.
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| domain | founded_year | HQ Location |
Develops a device for transoral gastroplasty to induce satiety through endoscopic methods.
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| domain | founded_year | HQ Location |
Restrictive gastric implants and procedures are developed to induce satiety.
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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 Obalon
Frequently Asked Questions about Obalon
When was Obalon founded?
Obalon was founded in 2008.
Where is Obalon located?
Obalon is headquartered in Carlsbad, United States. It is registered at Carlsbad, California, United States.
Is Obalon a funded company?
Obalon is a funded company, having raised a total of $63.65M across 8 funding rounds to date. The company's 1st funding round was a Series D of $20M, raised on Feb 01, 2008.
How many employees does Obalon have?
As of Dec 31, 2020, the latest employee count at Obalon is 1.
What does Obalon do?
Obalon is a medical technology company focused on gastric balloon technology. The Obalon balloon includes a small swallowable capsule attached to a slender tube. Gas is used to inflate the balloon, and the tube is removed. Once in place, the balloon resides at the top of the stomach so patients feel full sooner. Up to 3 balloons can be placed to continue to facilitate weight loss over a 12-week period, after which they are removed. The company has received both FDA (clearance) and CE Mark approval for its product. Obalon is backed by Domain Associates, InterWest Partners, Okapi VC, AmorePacific, Axon Ventures, Bader Sultan, Mirae Asset Venture Investment, NeoPlux, Striker Asia Opportunities Fund, and Square 1 Bank.
Who are the top competitors of Obalon?
Obalon's top competitors include Apollo Endo, ReShape and USGI Medical.
Who are Obalon's investors?
Obalon has 10 investors. Key investors include Square 1 Bank, Axon Partners Group, ReShape Lifesciences, Bader Sultan & Bros, and Shinhan Venture Investment.