About ShiraTronics
ShiraTronics is a company based in Minneapolis (United States) founded in 2019.. ShiraTronics has raised $107.69 million across 3 funding rounds from investors including LivaNova, Norwest Venture Partners and Seroba Lifesciences. ShiraTronics offers products and services including Neuromodulation Device. ShiraTronics operates in a competitive market with competitors including ElectroCore, eNeura, Cefaly, Salvia BioElectronics and Zosano Pharma, among others.
- Headquarter Minneapolis, United States
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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 Shiratronics, 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
$107.69 M (USD)
in 3 rounds
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Latest Funding Round
$66 M (USD), Series B
Sep 17, 2024
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Investors
LivaNova
& 10 more
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Employee Count
Employee Count
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Products & Services of ShiraTronics
ShiraTronics offers a comprehensive portfolio of products and services, including Neuromodulation Device. 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.
Implanted device for nerve stimulation to relieve chronic migraine symptoms.
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Funding Insights of ShiraTronics
ShiraTronics has successfully raised a total of $107.69M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $66 million completed in September 2024. 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 3
- Last Round Series B — $66.0M
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First Round
First Round
(05 Nov 2019)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Series B - ShiraTronics | Valuation | Norwest Venture Partners | |
| Aug, 2023 | Amount | Series A - ShiraTronics | Valuation | Breakout Ventures | |
| Nov, 2019 | Amount | Series A - ShiraTronics | Valuation | Strategic Healthcare Investment Partners , USVP |
| 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 ShiraTronics
ShiraTronics has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include LivaNova, Norwest Venture Partners and Seroba 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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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Amzak Health is engaged in venture investments in life sciences.
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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 ShiraTronics
| 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 - ShiraTronics
| 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 |
Shiratronics Comparisons
Competitors of ShiraTronics
ShiraTronics 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 ElectroCore, eNeura, Cefaly, Salvia BioElectronics and Zosano Pharma, 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 |
Non-invasive vagus nerve stimulation devices are developed for headache treatments.
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| domain | founded_year | HQ Location |
Transcranial magnetic stimulation devices for migraine treatment are developed.
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| domain | founded_year | HQ Location |
Neurostimulation devices for migraine and headache treatment are provided.
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| domain | founded_year | HQ Location |
Bioelectronic solutions for migraines and neurological disorders are developed.
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| domain | founded_year | HQ Location |
Develops innovative transdermal drug delivery technologies for various therapeutic 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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Latest news on Shiratronics
Frequently Asked Questions about ShiraTronics
When was ShiraTronics founded?
ShiraTronics was founded in 2019.
Where is ShiraTronics located?
ShiraTronics is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Is ShiraTronics a funded company?
ShiraTronics is a funded company, having raised a total of $107.69M across 3 funding rounds to date. The company's 1st funding round was a Series A of $33M, raised on Nov 05, 2019.
What does ShiraTronics do?
ShiraTronics was founded in 2019 as a spinout from NuXcel and is based in Minneapolis, United States. Focus is placed on the development of implantable neuromodulation devices targeted at migraines and other chronic conditions. Partnerships with entities such as AMZAK, APERTURE, and LivaNova support operations in the medical device sector. Activities center on advancing neuromodulation technologies for therapeutic applications.
Who are the top competitors of ShiraTronics?
ShiraTronics's top competitors include Salvia BioElectronics, ElectroCore and eNeura.
What products or services does ShiraTronics offer?
ShiraTronics offers Neuromodulation Device.
Who are ShiraTronics's investors?
ShiraTronics has 11 investors. Key investors include LivaNova, Norwest Venture Partners, Seroba Lifesciences, OSF Ventures, and Amzak Health.