About Shoulder Innovations
Shoulder Innovations is a publicly listed company based in Holland (United States) founded in 2009 by Stephen Gunther. Total shoulder replacement solutions based on glenoid technology are provided. Shoulder Innovations has raised $139.29 million across 13 funding rounds from investors including Fidelity Investments, Trinity Cap and Genesis Innovation Group. Its chief executive, as recorded, is Rob Ball. Shoulder Innovations offers products and services including InSet™ Total Shoulder Arthroplasty, InSet™ Reverse Shoulder Arthroplasty, ProVoyance™ Shoulder Planning Software, and InSet™ Tray System. Its focus areas include Life Sciences, Orthopedics, Medical Devices and Therapies. Its competitors include OrthAlign, Cartiva and Conventus Flower Orthopedics; 3 of its 3 listed competitors have raised funding.
Company details
Shoulder Innovations was founded in 2009 and is based in Holland, United States. Operations focus on the orthopedic medical device sector, where total shoulder replacement solutions centered on glenoid technology are developed and offered. The InSet Total Shoulder System is utilized for shoulder arthroplasty procedures. The InSet PLUS augmented glenoid component incorporates perimeter cortical support to mitigate implant rocking and loosening during routine shoulder movements.
- Headquarters Holland, United States
- Founders Stephen Gunther
- Stage Public
- SectorsHealthcare
- Email••••••••
- Website shoulderinnovations.com
- Social LinkedIn
- Legal Name Shoulder Innovations, Inc.
- Total Equity Funding$139.29M (USD)
in 13 rounds
- Latest Funding Round$40M (USD), Series E
Jul 2025
- InvestorsFidelity Investments
& 18 more
Products & Services of Shoulder Innovations
Shoulder Innovations offers a comprehensive portfolio of products and services, including InSet™ Total Shoulder Arthroplasty, InSet™ Reverse Shoulder Arthroplasty, ProVoyance™ Shoulder Planning Software, and InSet™ Tray System.
Implant for total shoulder replacement surgeries.
Device for reverse shoulder replacement procedures.
Application for preoperative shoulder surgery planning.
Tray for organizing shoulder arthroplasty instruments.
Funding Insights of Shoulder Innovations
Shoulder Innovations has successfully raised a total of $139.29M across 13 strategic funding rounds. The most recent funding activity was a Series E round of $40 million completed in July 2025. 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 $139.29M
- Total Rounds 13
- Last Round Series E — $40M
- First Round $10,000
(Nov 2011)
- Investors Count 19
Latest 10 of 13 funding rounds of Shoulder Innovations 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 |
|---|---|---|---|---|---|
| Jul 2025 | $40M | Series E | – | – | |
| Mar 2025 | $20.11M | Series E | – | USVP | |
| Aug 2023 | $45M | Debt – Venture | – | – | |
| Feb 2023 | $42M | Series D | – | Gilde Healthcare | |
| Oct 2022 | $3.52M | Series B | – | – | – |
| Oct 2020 | $21.55M | Series B | – | USVP, Lightstone Ventures | |
| Feb 2020 | $2.2M | Series A | – | – | – |
| Oct 2018 | $2.5M | Series A | – | Michigan Angel Fund | |
| May 2017 | $1.5M | Series A | – | Michigan Angel Fund | |
| Feb 2017 | $5.12M | Series A | – | Michigan Angel Fund | – |
19 investors in total: 19 institutional.
Investors in Shoulder Innovations
Shoulder Innovations has secured backing from 19 investors, including venture fund and institutional investors. Prominent investors backing the company include Fidelity Investments, Trinity Cap and Genesis Innovation Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VC firm that focuses on early stage investments in the US | usvp.com | Menlo Park, United States | ||
Private equity and venture captial firm focused on healthcare sectors | gildehealthcare.com | Cambridge, United States | ||
A healthcare-focused investment firm supporting innovative company growth. | aperturevp.com | |||
Healthcare venture capital investments are made by Arboretum Ventures. | arboretumvc.com | Ann Arbor, United States | ||
Sectoral Asset Management is focused on global healthcare investment. | 2000 | sectoral.com | Montreal, Canada | |
Venture debt and equipment financing are provided to growth-stage companies. | 2008 | trinitycap.com | Phoenix, United States | |
Venture capital fund and fund of funds focused on the life science sector | lightstonevc.com | Menlo Park, United States | ||
Venture capital funding for medical device companies is provided. | 2017 | cultivate-md.com | Grand Rapids, United States | |
Wakestream Ventures is engaged in early stage venture funding. | wakestreamventures.com | Grand Rapids, United States | ||
Venture capital investing and portfolio management services for accredited investors. | av.vc |
Investor details for Shoulder Innovations
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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People of Shoulder Innovations
24 people are tracked at Shoulder Innovations (17 in leadership, 4 in board & advisors, 3 in team).
| Name | Role | Group |
|---|---|---|
Stephen Gunther | Founder | Leadership |
Rob Ball | Chief Executive Officer | Leadership |
Matt Ahearn | COO | Leadership |
Carly Behm | News Author | Leadership |
Paul Burns | Vice President Of Distributor Operations | Leadership |
Don Running | VP, Research & Development | Leadership |
David Blue | Chief Customer Experience Officer | Leadership |
Robert Ball | CEO & Executive Chairman | Leadership |
Jeff Ondrla | VP, Quality, Regulatory, & Supply Chain | Leadership |
Kayla Bruinsma | Director Of Financial Operations | Leadership |
Aaron Miller | Market Development Director | Leadership |
Brian Knupp | Director of Market Development | Leadership |
Doug Hynek | Director Of Customer Service | Leadership |
Jeff Martin | Director, US Commercial Strategy | Leadership |
Michelle Warden | Director of Purchasing | Leadership |
Jon Osborne | Vice President, Commercial Development At Shoulder Innovations | Leadership |
Brandon Florence | Vice President Of Customer Experience | Leadership |
Mike Carusi | Director | Board & advisors |
Paul Buckman | Director | Board & advisors |
Kevin Sidow | Director | Board & advisors |
4 more people are available in the full profile.
Complete people profiles for Shoulder Innovations
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
IPO & Listings of Shoulder Innovations
Shoulder Innovations is a publicly listed company on the NYSE with ticker symbol SI in USA, operating in the Health technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date31 Jul 2025
- Listed onNYSE: SI
- Listed entityShoulder Innovations, Inc.
- Exchange sectorHealth technology
- ISINUS82537J1088
- Share price$18.07 (-0.88% on the day) · 2026-10-13
- Market capitalisation$376.2M
- EPS (diluted, trailing year)$-1.70
- Volume (last session)69,130
Timeline of Shoulder Innovations
4 dated milestones of Shoulder Innovations across 16 years, from founding to its latest funding, stage changes and deals.
- Founded Shoulder Innovations is founded.
- Funding First funding round of $10K.
- Funding Latest funding round, Series E, of $40.0M.
- IPO Lists on the stock exchange (IPO).
Competitors of Shoulder Innovations
Shoulder Innovations has 3 listed competitors in our database, 3 of them funded. They include OrthAlign, Cartiva and Conventus Flower Orthopedics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| orthalign.com | 2008 | Aliso Viejo, United States | $56M | 103 | Knee and hip alignment devices and technology | |
| cartiva.net | 2011 | Alpharetta, United States | $22.81M | 36 | Synthetic cartilage implants are developed for osteoarthritis treatment. | |
| conventusflower.com | 2008 | Horsham, United States | $110.05M | 21 | Developer of medical device for orthopedic diseases |
Detailed competitors of Shoulder Innovations
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Shoulder Innovations
The website of Shoulder Innovations (shoulderinnovations.com) receives about 5.9K visits a month.
- Monthly visits5.9K
▲ 62.2% vs previous month
Websites whose visitors overlap most with Shoulder Innovations. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
gordoncemerickfuneralhome.com | gordoncemerickfuneralhome.com | 100% | #2,888,483 | – |
Top companies in Orthopedics
3 companies that operate in the same segment as Shoulder Innovations (Orthopedics) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of high-frequency spinal cord stimulation implants | 2006 | Menlo Park, California, United States | USD 154.1 M | USD 353.08 M | 1,215 | |
Developer of therapies for the treatment of musculoskeletal disorders | 2007 | Woburn, Massachusetts, United States | USD 62 M | USD 85.55 M | 692 | |
Antibody-siRNA complexes are developed for cancer treatment. | 2012 | San Diego, California, United States | USD 142.54 M | USD 10.9 M | 391 |
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Related news about Shoulder Innovations
Complete news archive for Shoulder Innovations
Full article history, source details, and older brand coverage require an active premium plan.
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- Brand-specific news history
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Frequently Asked Questions about Shoulder Innovations
Shoulder Innovations was founded in 2009 and raised its 1st funding round 2 years after it was founded.
Shoulder Innovations is headquartered in Holland, United States. It is registered at Holland, Michigan, United States.
Rob Ball is the CEO of Shoulder Innovations, as recorded in our data.
Shoulder Innovations is a funded company, having raised a total of $139.29M across 13 funding rounds to date. The company's 1st funding round was a Series A of $5.12M, raised on Nov 2011.
Shoulder Innovations was founded in 2009 and is based in Holland, United States. Operations focus on the orthopedic medical device sector, where total shoulder replacement solutions centered on glenoid technology are developed and offered. The InSet Total Shoulder System is utilized for shoulder arthroplasty procedures. The InSet PLUS augmented glenoid component incorporates perimeter cortical support to mitigate implant rocking and loosening during routine shoulder movements.
Shoulder Innovations's top competitors include OrthAlign, Cartiva and Conventus Flower Orthopedics.
Shoulder Innovations offers InSet™ Total Shoulder Arthroplasty, InSet™ Reverse Shoulder Arthroplasty, ProVoyance™ Shoulder Planning Software, and InSet™ Tray System.
Yes, Shoulder Innovations is publicly traded on NYSE under the ticker symbol SI.
Shoulder Innovations has 19 investors. Key investors include Fidelity Investments, Trinity Cap, Genesis Innovation Group, USVP, and Gilde Healthcare.