About SafeStitch
SafeStitch is a company based in Miami (United States) founded in 2005.. SafeStitch has raised $7.58 million across 8 funding rounds. The company has 167 employees as of December 31, 2021. SafeStitch has completed 1 acquisition, including Asensus. SafeStitch operates in a competitive market with competitors including EndoGastric Solutions, EndoChoice, CoapTech, Rockfield and Reliefband, among others.
- Headquarter Miami, United States
- Employees 167 as on 31 Dec, 2021
- Stage Public
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.58 M (USD)
in 8 rounds
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Latest Funding Round
$160.37 M (USD), Post-IPO
Sep 16, 2013
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Investors
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Employee Count
167
as on Dec 31, 2021
- Investments & Acquisitions
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Funding Insights of SafeStitch
SafeStitch has successfully raised a total of $7.58M across 8 strategic funding rounds. The most recent funding activity was a Post-IPO round of $160.37 million completed in September 2013. 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 — $160.4M
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First Round
First Round
(29 Apr 2005)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2013 | Amount | Post-IPO - SafeStitch | Valuation |
investors |
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| Mar, 2013 | Amount | Post-IPO - SafeStitch | Valuation |
investors |
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| Feb, 2012 | Amount | Post-IPO - SafeStitch | Valuation |
investors |
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| 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 |
Investments & Acquisitions by SafeStitch
SafeStitch has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Asensus. 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
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Robotic laparoscopic systems are developed for minimally invasive surgeries.
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2006 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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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.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SafeStitch
| 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 |
Safestitch Comparisons
Competitors of SafeStitch
SafeStitch 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 EndoGastric Solutions, EndoChoice, CoapTech, Rockfield and Reliefband, 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 |
Incisionless transoral procedures for upper GI diseases are developed.
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| domain | founded_year | HQ Location |
Devices, systems, and services are provided for GI specialists.
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| domain | founded_year | HQ Location |
Minimally invasive gastrostomy feeding tube placement method is developed.
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| domain | founded_year | HQ Location |
Developer of a medical device for the feeding sector
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| domain | founded_year | HQ Location |
Wearable device is developed for nausea and vomiting relief.
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| domain | founded_year | HQ Location |
Endoscopic catheters for precision in gastroenterology are developed.
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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 Safestitch
Frequently Asked Questions about SafeStitch
When was SafeStitch founded?
SafeStitch was founded in 2005.
Where is SafeStitch located?
SafeStitch is headquartered in Miami, United States. It is registered at Miami, Florida, United States.
Is SafeStitch a funded company?
SafeStitch is a funded company, having raised a total of $7.58M across 8 funding rounds to date. The company's 1st funding round was a Post-IPO of $8.32M, raised on Apr 29, 2005.
How many employees does SafeStitch have?
As of Dec 31, 2021, the latest employee count at SafeStitch is 167.
What does SafeStitch do?
Safe Stitch develops numerous devices in the areas of Bariatric Surgery, Reflux Interventions, Barretts Esophagus, Hernia Repair, NOTES (NO SCAR) Surgery and more. In September 2007, SafeStitch LLC completed a share exchange with Cellular Technical Services Company, a publicly-traded company, which has since been renamed SafeStitch Medical, Inc. Its medical devices manipulate tissues for endoscopic and minimally invasive surgery in the treatment of obesity, gastroesophageal reflux disease (GERD), Barretts esophagus, esophageal obstructions, upper gastrointestinal bleeding, hernia formation, and other intraperitoneal abnormalities. The companys product portfolio includes AMID HFD Stapler that uses non-absorbable titanium staples to repair inguinal or ventral hernias; SMART Dilator, which is used when an endoscopy demonstrates the narrowing of the esophagus; and Standard Bite Block and Airway Bite Block that are used to protect endoscope used in transoral gastrointestinal procedures. Its product candidates comprise Intralumenal Gastroplasty Device for obesity and GERD that consists of a set of instruments designed to perform endoscopic surgery by introduction through the mouth and esophagus; Barretts Excision Device for the diagnosis and treatment of Barretts esophagus; and Novel Devices for natural orifice transluminal endoscopic surgery, a method of operating in the abdominal cavity without making an incision in the abdominal wall. Since 2013, SafeStitch Medical, Inc. was acquired by TransEnterix, Inc., in a reverse merger transaction.
Who are the top competitors of SafeStitch?
SafeStitch's top competitors include CoapTech, Endo Tools Therapeutics and EndoChoice.
How many acquisitions has SafeStitch made?
SafeStitch has made 1 acquisition, including Asensus.