About Solsys Medical
Solsys Medical is a company based in Norfolk (United States) founded in 1999 by Guy Levy and Allan Staley was acquired by Misonix in May 2019.. Solsys Medical has raised $37.24 million across 6 funding rounds from investors including SWK Holdings and Misonix. Solsys Medical operates in a competitive market with competitors including Adocia, Imbed Biosciences, Humacyte, Cresilon and Ilya Pharma, among others.
- Headquarter Norfolk, United States
- Founders Guy Levy, Allan Staley
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Sectors
HealthcareTechnology Aerospace, Defense & Maritime
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Soluble Systems Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$37.24 M (USD)
in 6 rounds
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Latest Funding Round
$19 M (USD), Series C
Nov 09, 2017
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Investors
SWK Holdings
& 1 more
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Employee Count
Employee Count
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Acquired by
Misonix
(May 02, 2019)
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Funding Insights of Solsys Medical
Solsys Medical has successfully raised a total of $37.24M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $19 million completed in November 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 6
- Last Round Series C — $19.0M
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First Round
First Round
(01 Jan 2008)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2017 | Amount | Series C - Solsys Medical | Valuation |
investors |
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| Jan, 2015 | Amount | Debt – Conventional - Solsys Medical | Valuation |
investors |
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| Jun, 2013 | Amount | Series B - Solsys Medical | 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 |
Investors in Solsys Medical
Solsys Medical has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include SWK Holdings and Misonix. 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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Investments and advisory services are provided by the holding company.
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Founded Year | Domain | Location | |
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Ultrasonic surgical devices for neurosurgical, spinal, advanced wound care and general surgery
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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 Solsys 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 - Solsys 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 |
Solsys Medical Comparisons
Competitors of Solsys Medical
Solsys 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 Adocia, Imbed Biosciences, Humacyte, Cresilon and Ilya 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 |
Therapeutics for diabetes and obesity treatment are developed.
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| domain | founded_year | HQ Location |
Nanotech-based wound care products are developed and provided.
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| domain | founded_year | HQ Location |
Human tissue-based products are developed for vascular disease applications.
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| domain | founded_year | HQ Location |
Developer of hemostatic products for wound care
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| domain | founded_year | HQ Location |
Biological drugs for skin and mucosa wound treatment are developed.
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| domain | founded_year | HQ Location |
Small molecules from plant extracts are developed for medical applications.
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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 Solsys Medical
Frequently Asked Questions about Solsys Medical
When was Solsys Medical founded?
Solsys Medical was founded in 1999 and raised its 1st funding round 9 years after it was founded.
Where is Solsys Medical located?
Solsys Medical is headquartered in Norfolk, United States. It is registered at Norfolk, Virginia, United States.
Who is the current CEO of Solsys Medical?
Allan Staley is the current CEO of Solsys Medical. They have also founded this company.
Is Solsys Medical a funded company?
Solsys Medical is a funded company, having raised a total of $37.24M across 6 funding rounds to date. The company's 1st funding round was a Series B of $3.53M, raised on Jan 01, 2008.
What does Solsys Medical do?
Founded in 1999 and headquartered in Norfolk, United States, Solsys Medical operates in the medical wound care sector. Cryopreserved human skin allografts are offered for treating non-progressing chronic wounds, including diabetic foot ulcers, venous stasis ulcers, dehisced surgical wounds, and pressure ulcers. Pre-moistened nonadherent polymer dressings are provided for managing various wounds such as diabetic foot ulcers, venous stasis ulcers, skin tears, pressure sores, dehisced wounds, and burns.
Who are the top competitors of Solsys Medical?
Solsys Medical's top competitors include Humacyte, Imbed Biosciences and Adocia.
Who are Solsys Medical's investors?
Solsys Medical has 2 investors. Key investors include SWK Holdings, and Misonix.