About Polytouch Medical
Polytouch Medical is a company based in Misgav (Israel) founded in 2009 was acquired by Covidien in April 2012.. Polytouch Medical has raised $830 thousand across 1 funding round from investors including Covidien and Mass Medical Angels. Polytouch Medical operates in a competitive market with competitors including TELA Bio, Deep Blue Medical Advance, Via Surgical, Ariste Medical and ArTack Medical, among others.
- Headquarter Misgav, Israel
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Sectors
Healthcare
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Phone
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Website
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Social
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Funding Insights of Polytouch Medical
Polytouch Medical has successfully raised a total of $830K through 1 strategic funding round. The most recent funding activity was a Seed round of $830 thousand completed in September 2010. 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 1
- Last Round Seed — $830,000
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First Round
First Round
(27 Sep 2010)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2010 | Amount | Seed - Polytouch 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 |
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Investors in Polytouch Medical
Polytouch Medical has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Covidien and Mass Medical Angels. 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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Seed stage investments are made in life sciences and healthcare.
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Founded Year | Domain | Location | |
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Medical devices for minimally invasive therapies are provided globally.
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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 Polytouch Medical
| 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 |
Financial Statements - Polytouch Medical
| 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 |
Polytouch Medical Comparisons
Competitors of Polytouch Medical
Polytouch 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 TELA Bio, Deep Blue Medical Advance, Via Surgical, Ariste Medical and ArTack 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of surgical devices for vertical hernia repair and abdominal wall reconstruction
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| domain | founded_year | HQ Location |
Hernia mesh devices are developed to treat and prevent recurrences.
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| domain | founded_year | HQ Location |
Transfascial suture fixation devices for hernia repair are provided.
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| domain | founded_year | HQ Location |
Drug-eluting surgical implants are developed to prevent device failure.
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| domain | founded_year | HQ Location |
Specializes in manufacturing hernia mesh fixation devices for medical applications.
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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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Frequently Asked Questions about Polytouch Medical
When was Polytouch Medical founded?
Polytouch Medical was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Where is Polytouch Medical located?
Polytouch Medical is headquartered in Misgav, Israel. It is registered at Misgav, Northern District, Israel.
Is Polytouch Medical a funded company?
Polytouch Medical is a funded company, having raised a total of $830K across 1 funding round to date. The company's 1st funding round was a Seed of $830K, raised on Sep 27, 2010.
What does Polytouch Medical do?
PolyTouch Medical develops laparoscopic soft tissue prosthetic placement solutions. It offers PatchAssist, a mesh deployment and placement device that enables delivery and placement of soft tissue prosthetics for various procedures, including laparoscopic ventral hernia repair. PolyTouch Medical was acquired by Covidien in April 2012.
Who are the top competitors of Polytouch Medical?
Polytouch Medical's top competitors include TELA Bio, Deep Blue Medical Advance and Via Surgical.
Who are Polytouch Medical's investors?
Polytouch Medical has 2 investors. Key investors include Covidien, and Mass Medical Angels.