About ReCor Medical
ReCor Medical is a company based in Palo Alto (United States) founded in 2009 was acquired by Otsuka in July 2018.. ReCor Medical has raised $15 million across 2 funding rounds from investors including Otsuka and Sofinnova Partners. The company has 93 employees as of December 31, 2020. ReCor Medical offers products and services including Paradise Ultrasound RDN System, HydroCooling, and Sonowave 360. ReCor Medical operates in a competitive market with competitors including Ablative Solutions, Brattea, Autonomix, Kalos Medical and Maya Medical, among others.
- Headquarter Palo Alto, United States
- Employees 93 as on 31 Dec, 2020
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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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- Legal Name Recor Medical, Inc.
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Products & Services of ReCor Medical
ReCor Medical offers a comprehensive portfolio of products and services, including Paradise Ultrasound RDN System, HydroCooling, and Sonowave 360. 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.
Device for ultrasound renal denervation to treat hypertension effectively.
Component aiding in procedural safety for renal denervation treatments.
System component for targeted hypertension therapy applications.
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Leadership Team
9 people
Software Development Team
7 people
Human Resources and Administration
6 people
Finance and Accounting
5 people
Legal and Compliance
3 people
Operations Team
3 people
Senior Team
2 people
Product Management Team
2 people
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Funding Insights of ReCor Medical
ReCor Medical has successfully raised a total of $15M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $22 million completed in August 2017. 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 2
- Last Round Debt – Conventional — $22.0M
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First Round
First Round
(10 Apr 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2017 | Amount | Debt – Conventional - ReCor Medical | Valuation |
investors |
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| Apr, 2015 | Amount | Series D - ReCor Medical | Valuation | Otsuka |
| 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 ReCor Medical
ReCor Medical has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Otsuka and Sofinnova Partners. 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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Sofinnova Partners is focused on life sciences and healthcare investments.
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Founded Year | Domain | Location | |
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Generic pharmaceuticals and nutraceuticals are manufactured and marketed by Otsuka.
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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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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 ReCor 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 - ReCor 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 |
Recor Medical Comparisons
Competitors of ReCor Medical
ReCor 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 Ablative Solutions, Brattea, Autonomix, Kalos Medical and Maya 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 |
A catheter-based renal denervation system for hypertension treatment is developed.
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Developer of a medical device for the treatment of hypertension
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Minimally invasive neural monitoring and treatment devices are developed.
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Developer of medical devices for the treatment of hypertension & other chronic diseases
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Catheter based ablative technology for renal denervation to treat hypertension
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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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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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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Recor Medical
Frequently Asked Questions about ReCor Medical
When was ReCor Medical founded?
ReCor Medical was founded in 2009 and raised its 1st funding round 6 years after it was founded.
Where is ReCor Medical located?
ReCor Medical is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Is ReCor Medical a funded company?
ReCor Medical is a funded company, having raised a total of $15M across 2 funding rounds to date. The company's 1st funding round was a Series D of $15M, raised on Apr 10, 2015.
How many employees does ReCor Medical have?
As of Dec 31, 2020, the latest employee count at ReCor Medical is 93.
What does ReCor Medical do?
ReCor Medical was founded in 2009 in Palo Alto, United States, with operations extending to Amsterdam. Focus is placed on cardiovascular medical devices, specifically a non-focused ultrasound system known as the Paradise System for renal denervation in resistant hypertension cases. The system comprises a portable generator and an energy delivery catheter. CE Mark approval was obtained in 2012, though clinical or commercial availability is limited outside the US.
Who are the top competitors of ReCor Medical?
ReCor Medical's top competitors include Autonomix, Ablative Solutions and Maya Medical.
What products or services does ReCor Medical offer?
ReCor Medical offers Paradise Ultrasound RDN System, HydroCooling, and Sonowave 360.
Who are ReCor Medical's investors?
ReCor Medical has 2 investors. Key investors include Otsuka, and Sofinnova Partners.