About Spirus Medical
Spirus Medical is a Healthcare company based in West Bridgewater (United States) founded in 2005, and was acquired by Olympus in July 2011. Spiral over-tubes and steerable introducers for GI endoscopy are provided. Spirus Medical has raised $15.24 million across 4 funding rounds from investors including Olympus, BioVentures MedTech Funds and PJC. Spirus Medical offers products and services including Endo-Ease Discovery SB, Vista Retrograde, and Dexterity Steerable Introducer. Its focus areas include Life Sciences, Gastroenterology, Medical Devices and Therapeutic Devices. Its legal entity is Spirus Medical, LLC. Its competitors include Axonics, Averto Medical and Boomerang Medical; 3 of its 3 listed competitors have raised funding.
Company details
Spirus Medical provides the Endo-Ease spiral over-tubes for GI endoscopy and Dexterity steerable introducers for interventional cardiology. The Endo-Ease Discovery SB enables slim enteroscopes to be inserted, advanced, and positioned within the GI tract. Endo-EaseDexterity GI Endoscopy Devices. The Endo-Ease Vista Retrograde is an over-tube system that helps physicians perform challenging colonoscopies and enables efficient intubation of the terminal ileum, so ileoscopy can be performed with ease.
- Headquarters West Bridgewater, United States
- Stage Acquired
- SectorsHealthcare
- Website spirusmedllc.com
- Social LinkedIn
- Acquired by Olympus (Jul 2011)
- Legal Name Spirus Medical, Llc
Products & Services of Spirus Medical
Spirus Medical offers a comprehensive portfolio of products and services, including Endo-Ease Discovery SB, Vista Retrograde, and Dexterity Steerable Introducer.
Device for enteroscopy procedures using rotate to advance technology.
Over-tube for colonoscopy with rotate to advance functionality.
Introducer for straightforward heart anatomy access with steering.
Funding Insights of Spirus Medical
Spirus Medical has successfully raised a total of $15.24M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $208.55 thousand completed in October 2010. 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 $15.24M
- Total Rounds 4
- Last Round Series B — $208,545
- First Round $5.9M
(Jan 2006)
- Investors Count 3
All 4 funding rounds of Spirus Medical 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 |
|---|---|---|---|---|---|
| Oct 2010 | $208,545 | Series B | – | – | – |
| May 2009 | $632,501 | Series B | – | – | – |
| Apr 2007 | $8.5M | Series B | – | – | |
| Jan 2006 | $5.9M | Series A | – | – |
4 investors in total: 4 institutional.
Investors in Spirus Medical
Spirus Medical has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Olympus, BioVentures MedTech Funds and PJC.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment in emerging and growth-stage MedTech companies is facilitated. | bioventuresinvestors.com | Marlborough, United States | ||
Seed and early-stage investments in US tech sectors are made. | pjc.vc | Boston, United States | ||
FinTech & Media focused seed and early stage VC firm investing in the US | villageventures.com | Williamstown, United States | ||
Manufacturer of imaging and surgical products | 1919 | olympus-global.com | Tokyo, Japan |
Investor details for Spirus Medical
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Timeline of Spirus Medical
4 dated milestones of Spirus Medical across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Spirus Medical is founded.
- Funding First funding round of $5.9M.
- Funding Latest funding round, Series B, of $209K.
- Exit Acquired by Olympus.
Competitors of Spirus Medical
Spirus Medical has 3 listed competitors in our database, 3 of them funded. They include Axonics, Averto Medical and Boomerang Medical.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| axonics.com | 2013 | Irvine, United States | $143.47M | 762 | Sacral neuromodulation devices are developed for urinary and bowel control. | |
| avertomed.com | 2016 | Fremont, United States | $33M | 18 | Medical devices for gastrointestinal disease patients are developed. | |
| boomerangmedical.com | 2021 | Mountain View, United States | $35M | Bioelectronic devices are developed for autoimmune disease treatment. |
Detailed competitors of Spirus Medical
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Top companies in Gastroenterology
3 companies that operate in the same segment as Spirus Medical (Gastroenterology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Therapeutics for gastrointestinal disorders, including linaclotide, are developed. | 1998 | Cambridge, Massachusetts, United States | USD 206.25 M | USD 296.15 M | 253 | |
Sacral neuromodulation devices are developed for urinary and bowel control. | 2013 | Irvine, California, United States | USD 143.47 M | |||
Provider of a deep learning platform for detecting circulating cancer-related markers | 2014 | United States | USD 1.35 B | 411 |
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Frequently Asked Questions about Spirus Medical
Spirus Medical was founded in 2005 and raised its 1st funding round 1 year after it was founded.
Spirus Medical is headquartered in West Bridgewater, United States. It is registered at West Bridgewater, Massachusetts, United States.
Spirus Medical is a funded company, having raised a total of $15.24M across 4 funding rounds to date. The company's 1st funding round was a Series A of $5.9M, raised on Jan 2006.
Annual revenue of Spirus Medical is $72.62K as on Dec 31, 2020.
Spirus Medical provides the Endo-Ease spiral over-tubes for GI endoscopy and Dexterity steerable introducers for interventional cardiology. The Endo-Ease Discovery SB enables slim enteroscopes to be inserted, advanced, and positioned within the GI tract. Endo-EaseDexterity GI Endoscopy Devices. The Endo-Ease Vista Retrograde is an over-tube system that helps physicians perform challenging colonoscopies and enables efficient intubation of the terminal ileum, so ileoscopy can be performed with ease.
Spirus Medical's top competitors include Axonics, Averto Medical and Boomerang Medical.
Spirus Medical offers Endo-Ease Discovery SB, Vista Retrograde, and Dexterity Steerable Introducer.
Spirus Medical has 4 investors. Key investors include Olympus, BioVentures MedTech Funds, PJC, and Village Ventures.
Spirus Medical operates through Spirus Medical, Llc.
Yes. Spirus Medical was acquired by Olympus in July 2011.