About Surgrx
Surgrx is a Healthcare company based in Redwood City (United States) founded in 2001, and was acquired by Ethicon in August 2008. It operates as a tissue sealing and hemostasis systems are developed for laparoscopic surgery. Surgrx has raised $62.5 million across 5 funding rounds from investors including Magnetar Capital, Alta Partners and NEA. The company was acqui-hired. Its focus areas include Life Sciences, Surgical Instruments and Hemostats. Its competitors include Prytime Medical Devices, Biom'Up, Abyrx, LifeBond and Obsidio and 4 more; 8 of its 9 listed competitors have raised funding.
Company details
Surgrx was founded in 2001 in Redwood City, United States, within the medical devices sector. Tissue sealing and hemostasis systems are developed for use in laparoscopic and open surgical procedures. Proprietary Smart Electrode Technology is featured in the EnSeal product to enable hemostasis. Tissues are grasped, dissected, sealed, and transected by the system, with vessel seals provided during operations.
- Headquarters Redwood City, United States
- Stage Acquired
- SectorsHealthcare
- Website surgrx.com
- Acquired by Ethicon (Aug 2008)
- Total Equity Funding$62.5M (USD)
in 5 rounds
- Latest Funding Round$20M (USD), Series F
Apr 2007
- InvestorsMagnetar Capital
& 5 more
- Acquired byEthicon
(Aug 2008)
Funding Insights of Surgrx
Surgrx has successfully raised a total of $62.5M across 5 strategic funding rounds. The most recent funding activity was a Series F round of $20 million completed in April 2007. 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 $62.5M
- Total Rounds 5
- Last Round Series F — $20M
- First Round $5M
(Jan 2004)
- Investors Count 5
All 5 funding rounds of Surgrx 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 |
|---|---|---|---|---|---|
| Apr 2007 | $20M | Series F | – | – | |
| Jul 2005 | $21M | Series E | – | – | |
| Sep 2004 | $12M | Series D | – | – | |
| Mar 2004 | $4.5M | Series C | – | – | |
| Jan 2004 | $5M | Series B | – | – |
6 investors in total: 6 institutional.
Investors in Surgrx
Surgrx has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Magnetar Capital, Alta Partners and NEA.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Magnetar Capital is engaged in alternative asset management. | – | magnetar.com | Evanston, United States | |
Venture capital firm focused on healthcare companies | – | altapartners.com | Jackson, United States | |
Venture capital investments are offered to startups by NEA. | – | nea.com | Menlo Park, United States | |
- | – | ctventures.com | - | |
Investments are made in US life sciences and healthtech firms. | – | prospectventures.com | Palo Alto, United States | |
Specializes in surgical sutures and wound closure devices. | 1886 | ethicon.com | Cincinnati, United States |
Investor details for Surgrx
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Timeline of Surgrx
4 dated milestones of Surgrx across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Surgrx is founded.
- Funding First funding round of $5.0M.
- Funding Latest funding round, Series F, of $20.0M.
- Exit Acquired by Ethicon.
Competitors of Surgrx
Surgrx has 9 listed competitors in our database, 8 of them funded. They include Prytime Medical Devices, Biom'Up, Abyrx, LifeBond and Obsidio, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| prytimemedical.com | 2011 | Boerne, United States | $10M | 41 | Developer of minimally invasive large vessel occludes for hemorrhage control in trauma patients | |
| biomup.com | 2005 | Saint Priest Bramefant, France | $43.82M | – | Hemostatic products for surgical applications are developed using collagen-based materials. | |
| abyrx.com | 2013 | Irvington, United States | $10M | – | Hemostatic bone putty is developed for surgical bone bleeding control. | |
| life-bond.com | 2007 | Caesarea, Israel | $56.5M | – | Absorbable surgical sealants and hemostats are developed for leakage prevention. | |
| obsidiomed.com | 2018 | Solana Beach, United States | $3M | – | Shear-thinning biomaterial is developed to control blood flow minimally invasively. | |
| endomedix.com | 2005 | Newark, United States | $1.99M | – | Hydrogel solutions for surgery and wound care are developed. | |
| archtherapeutics.com | 2006 | Natick, United States | $320,000 | 8 | Hemostasis and sealant technology | |
| novuson.com | 2014 | Bothell, United States | $2.88M | 3 | Ultrasound devices for tissue ablation and hemostatic control are provided. | |
| z-medica.com | 2002 | Wallingford, United States | – | 124 | Hemostatic products for bleeding control are provided by Z-Medica. |
Detailed competitors of Surgrx
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Top companies in Medical Equipment & Supplies
10 companies that operate in the same segment as Surgrx (Medical Equipment & Supplies), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Software and integrated solutions for surgical and radiotherapy applications | 1989 | Munchen, Bayern, Germany | USD 5.38 M | USD 1.18 M | 18 | |
Robotic waterjet system for prostate tissue removal is developed. | 2009 | Redwood City, California, United States | USD 348.84 M | USD 308.05 M | 756 | |
Collaborative surgical robotic systems are provided for hospital procedures. | 2014 | Cambridge, Cambridgeshire, United Kingdom | USD 1.68 B | USD 48.75 M | 680 | |
Robotic microsurgical systems for endoscopy are developed. | 2007 | Redwood City, California, United States | USD 733.62 M | – | 91 | |
Augmented reality systems for guiding surgical procedures are developed. | 2014 | Yokneam Illit, North District, Israel | USD 142.6 M | – | – | |
Manufacturer of imaging and surgical products | 1919 | Tokyo, Tokyo, Japan | – | USD 6.49 B | 35,933 | |
Injectable packaging, containment, and delivery solutions are manufactured. | 1923 | Exton, Pennsylvania, United States | – | USD 3.07 B | 10,600 | |
Rapid infusion systems are provided for critically ill patients. | 2012 | Durham, North Carolina, United States | USD 77.98 M | – | – | |
Mobile robots are manufactured for industries including healthcare and agriculture. | 2013 | Odense, Denmark | USD 81.44 M | – | 303 | |
Visualization systems for surgical procedures are developed using machine learning. | 2016 | Seattle, Washington, United States | USD 74.25 M | – | 52 |
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Frequently Asked Questions about Surgrx
Surgrx was founded in 2001 and raised its 1st funding round 3 years after it was founded.
Surgrx is headquartered in Redwood City, United States. It is registered at Redwood City, California, United States.
Surgrx is a funded company, having raised a total of $62.5M across 5 funding rounds to date. The company's 1st funding round was a Series B of $5M, raised on Jan 2004.
Surgrx was founded in 2001 in Redwood City, United States, within the medical devices sector. Tissue sealing and hemostasis systems are developed for use in laparoscopic and open surgical procedures. Proprietary Smart Electrode Technology is featured in the EnSeal product to enable hemostasis. Tissues are grasped, dissected, sealed, and transected by the system, with vessel seals provided during operations.
Surgrx's top competitors include Prytime Medical Devices, Arch Therapeutics and Biom'Up.
Surgrx has 6 investors. Key investors include Magnetar Capital, Alta Partners, NEA, California Technology Ventures, and Prospect Venture Partners.
Yes. Surgrx was acquired by Ethicon in August 2008.