About Phoenix Cardiac
Phoenix Cardiac is a Healthcare company based in Cary (United States) founded in 2012 by Gopal Muppirala. Cardiac medical devices for heart valve repair are developed. Phoenix Cardiac has raised $7.18 million across 2 funding rounds. Its chief executive, as recorded, is Gopal Muppirala. Phoenix Cardiac offers products and services including Flower Delivery, Cake Delivery, Gift Delivery, and Chocolates Delivery. Its focus areas include Life Sciences, Cardiac and Vascular Disorders, Medical Devices and Therapeutic Devices. Its legal entity in India is Phoenix Cardiac Devices Private Limited (U33100TG2012PTC082781). Its competitors include Shockwave Medical, Cardiac Dimensions and JenaValve Technology; 3 of its 3 listed competitors have raised funding.
Company details
Phoenix Cardiac was founded in 2012 and is based in Cary, United States. The company operates in the medical device sector, focusing on cardiac technologies. A device named BACE is developed for treating mitral valve regurgitation through the application of light pressure to ensure proper closure of valve leaflets. The implant is secured around the atrio-ventricular groove, encompassing the ventricular wall and mitral valve annulus.
- Headquarters Cary, United States
- Founders Gopal Muppirala
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website phoenixcardiac.com
- Legal Name Phoenix Cardiac Devices Private Limited
- Date of Incorporation 30 Aug, 2012
- Jurisdiction Hyderabad, Telangana, India
- Indian entity net loss-₹74,602
FY 2023 · 0% margin
- Indian entity EBITDA-₹40,000
FY 2023 · 0% margin
- Total Equity Funding$7.18M (USD)
in 2 rounds
- Latest Funding Round$4.97M (USD), Series A
May 2019
Associated legal entities of Phoenix Cardiac
Phoenix Cardiac operates through Phoenix Cardiac Devices Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Phoenix Cardiac Devices Private Limited CIN U33100TG2012PTC082781 | Strike Off | 30 Aug 2012 | Hyderabad, Telangana | 3 | View details |
Products & Services of Phoenix Cardiac
Phoenix Cardiac offers a comprehensive portfolio of products and services, including Flower Delivery, Cake Delivery, Gift Delivery, and Chocolates Delivery.
Service for sending fresh flowers across India for occasions
Delivery of fresh cakes for birthdays and events
Platform for sending gifts like chocolates and hampers
Service for delivering chocolates and sweets to recipients
Funding Insights of Phoenix Cardiac
Phoenix Cardiac has successfully raised a total of $7.18M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4.97 million completed in May 2019. 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 $7.18M
- Total Rounds 2
- Last Round Series A — $4.97M
- First Round $2.21M
(Aug 2018)
All 2 funding rounds of Phoenix Cardiac with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2019 | $4.97M | Series A | – | – | – |
| Aug 2018 | $2.21M | Seed | – | – | – |
Board of directors of Phoenix Cardiac Devices Private Limited (Phoenix Cardiac)
Phoenix Cardiac Devices Private Limited is the primary company behind Phoenix Cardiac. The board of Phoenix Cardiac Devices Private Limited currently have 3 directors; the longest-serving is Ramagopal Somasekhara Muppirala, appointed in 2012. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ramagopal Somasekhara Muppirala DIN 01892071 | Director | 30 Aug 2012 | 14 yrs 2 mo | Phoenix Cardiac Devices Private Limited |
| Sreekanth Reddy Beeram DIN 00074477 | Director | 30 Nov 2016 | 9 yrs 11 mo | Phoenix Cardiac Devices Private Limited |
| Vikas Saluguti DIN 03145832 | Director | 30 Nov 2016 | 9 yrs 11 mo | Phoenix Cardiac Devices Private Limited |
People of Phoenix Cardiac
1 people are tracked at Phoenix Cardiac (1 in leadership).
| Name | Role | Group |
|---|---|---|
Gopal Muppirala | Co-Founder & CEO | Leadership |
Complete people profiles for Phoenix Cardiac
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Verified entity values are shown only after access is granted.
Financials of Phoenix Cardiac
Figures of Phoenix Cardiac Devices Private Limited, the primary company behind Phoenix Cardiac, for FY 2023. Net loss was -₹74,602 (0% margin). EBITDA was -₹40,000 (0% margin). Revenue has grown at a compounded annual rate of -100% over three years and -100% over five years.
- -₹74,602Net loss · 0% margin
- -₹40,000EBITDA · 0% margin
- ₹1.01 CrPaid-up capital
- -100%Revenue CAGR, 3 years
- -100%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Phoenix Cardiac Devices Private Limited are on its company page.
Detailed financial statements for Phoenix Cardiac
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Phoenix Cardiac
3 dated milestones of Phoenix Cardiac across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Phoenix Cardiac is founded.
- Funding First funding round of $2.2M.
- Funding Latest funding round, Series A, of $5.0M.
Competitors of Phoenix Cardiac
Phoenix Cardiac has 3 listed competitors in our database, 3 of them funded. They include Shockwave Medical, Cardiac Dimensions and JenaValve Technology.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| shockwavemedical.com | 2009 | Santa Clara, United States | $147.5M | 1,394 | Cardiovascular balloon dilation catheters with lithotripsy electrodes are developed. | |
| cardiacdimensions.com | 2001 | Kirkland, United States | $260.8M | 31 | Invasive cardiac implants for heart failure treatment are developed. | |
| jenavalve.com | 2006 | Irvine, United States | $363.7M | 198 | Pericardial transcatheter aortic valve replacement systems are provided. |
Detailed competitors of Phoenix Cardiac
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Top companies in Cardiac and Vascular Disorders
3 companies that operate in the same segment as Phoenix Cardiac (Cardiac and Vascular Disorders) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Gene-editing therapies for coronary artery disease are developed. | 2018 | Cambridge, Massachusetts, United States | USD 215.5 M | 255 | ||
Cardiac monitoring devices and applications are provided for heart health. | 2010 | Mountain View, California, United States | USD 114.38 M | USD 6.18 M | 67 | |
Therapies for lowering low-density lipoprotein cholesterol levels are developed. | 1998 | Ann Arbor, Michigan, United States | USD 129.7 M | USD 332.31 M | 304 |
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Related news about Phoenix Cardiac
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Frequently Asked Questions about Phoenix Cardiac
Phoenix Cardiac was founded in 2012 and raised its 1st funding round 6 years after it was founded.
Phoenix Cardiac is headquartered in Cary, United States. It is registered at Cary, North Carolina, United States.
Gopal Muppirala is the CEO of Phoenix Cardiac, as recorded in our data. They have also founded this company.
Phoenix Cardiac is a funded company, having raised a total of $7.18M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.21M, raised on Aug 2018.
Phoenix Cardiac was founded in 2012 and is based in Cary, United States. The company operates in the medical device sector, focusing on cardiac technologies. A device named BACE is developed for treating mitral valve regurgitation through the application of light pressure to ensure proper closure of valve leaflets. The implant is secured around the atrio-ventricular groove, encompassing the ventricular wall and mitral valve annulus.
Phoenix Cardiac's top competitors include Shockwave Medical, Cardiac Dimensions and JenaValve Technology.
Phoenix Cardiac offers Flower Delivery, Cake Delivery, Gift Delivery, and Chocolates Delivery.
Phoenix Cardiac operates through Phoenix Cardiac Devices Private Limited.
The legal entities of Phoenix Cardiac currently have 3 directors, including Sreekanth Reddy Beeram, Ramagopal Somasekhara Muppirala, Vikas Saluguti.