About Tactile Medical
Tactile Medical is a company based in Minneapolis (United States) founded in 1995.. Tactile Medical has raised $23.2 million across 3 funding rounds from investors including Radius Ventures and Galen Partners. The company has 1,040 employees as of December 31, 2024. Tactile Medical has completed 1 acquisition, including AffloVest. Tactile Medical offers products and services including Nimbl, AffloVest, Flexitouch Plus, and Kylee. Tactile Medical operates in a competitive market with competitors including Intervene, enVVeno Medical, Sky Medical Technology, DeVoro Medical and Micro Medical Solutions, among others.
- Headquarter Minneapolis, United States
- Employees 1040 as on 31 Dec, 2024
- Stage Public
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Tactile Systems Technology, Inc.
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Annual Revenue
$292.98 M6.76as on Dec 31, 2024
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Net Profit
$16.96 M-40.52as on Dec 31, 2024
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EBITDA
$28.97 M31.07as on Dec 31, 2024
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Total Equity Funding
$23.2 M (USD)
in 3 rounds
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Latest Funding Round
$10.4 M (USD), Series B
Oct 16, 2012
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Investors
Radius Ventures
& 1 more
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Employee Count
1040
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of Tactile Medical
Tactile Medical is a publicly listed company on the NASDAQ with ticker symbol TCMD 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.
Products & Services of Tactile Medical
Tactile Medical offers a comprehensive portfolio of products and services, including Nimbl, AffloVest, Flexitouch Plus, and Kylee. 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.
Compact device for lymphedema therapy to reduce swelling.
Mobile device to clear mucus and improve breathing.
Home-based tool for managing lymphedema volume reduction.
Product for lymphedema management and patient assistance.
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Product Management Team
36 people
Software Development Team
32 people
Sales and Marketing
18 people
Patient Team
12 people
Leadership Team
10 people
Finance and Accounting
9 people
Human Resources and Administration
7 people
Senior Team
7 people
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Funding Insights of Tactile Medical
Tactile Medical has successfully raised a total of $23.2M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $10.4 million completed in October 2012. 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 — $10.4M
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First Round
First Round
(30 Oct 2007)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2012 | Amount | Series B - Tactile Medical | Valuation | Radius Ventures | |
| Nov, 2009 | Amount | Series A - Tactile Medical | Valuation |
investors |
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| Oct, 2007 | Amount | Series A - Tactile Medical | Valuation |
investors |
| 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 Tactile Medical
Tactile Medical has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Radius Ventures and Galen Partners. 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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Founded Year | Domain | Location | |
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PE firm investing in the US
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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 Tactile Medical
Tactile Medical has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include AffloVest. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Airway clearance therapy device is provided for severe respiratory diseases.
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1992 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Tactile Medical
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Tactile Medical Comparisons
Competitors of Tactile Medical
Tactile 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 Intervene, enVVeno Medical, Sky Medical Technology, DeVoro Medical and Micro Medical Solutions, 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 |
Catheter-based therapy for chronic venous insufficiency is developed.
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| domain | founded_year | HQ Location |
Developer of medical device for the the treatment of venous diseases
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| domain | founded_year | HQ Location |
Electro-stimulation devices are manufactured for deep vein thrombosis treatment.
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| domain | founded_year | HQ Location |
Medical devices for treating cardiac diseases are developed.
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| domain | founded_year | HQ Location |
Developer of a device for CLI and PAD patients to prevent amputation
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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 Tactile Medical
Frequently Asked Questions about Tactile Medical
When was Tactile Medical founded?
Tactile Medical was founded in 1995 and raised its 1st funding round 12 years after it was founded.
Where is Tactile Medical located?
Tactile Medical is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Is Tactile Medical a funded company?
Tactile Medical is a funded company, having raised a total of $23.2M across 3 funding rounds to date. The company's 1st funding round was a Series A of $11.8M, raised on Oct 30, 2007.
How many employees does Tactile Medical have?
As of Dec 31, 2024, the latest employee count at Tactile Medical is 1,040.
What is the annual revenue of Tactile Medical?
Annual revenue of Tactile Medical is $292.98M as on Dec 31, 2024.
What does Tactile Medical do?
Tactile Medical was founded in 1995 in Minneapolis, United States, and operates in the medical device sector. Home therapy devices are developed to address chronic swelling conditions, including lymphedema and venous leg ulcers from insufficiency. The Flexitouch System, which mimics manual lymphatic drainage, received initial FDA clearance in 2002 and an updated version in 2006. The ACTitouch System is also marketed for chronic venous insufficiency treatment.
Who are the top competitors of Tactile Medical?
Tactile Medical's top competitors include Intervene, enVVeno Medical and Sky Medical Technology.
What products or services does Tactile Medical offer?
Tactile Medical offers Nimbl, AffloVest, Flexitouch Plus, and Kylee.
Is Tactile Medical publicly traded?
Yes, Tactile Medical is publicly traded on NASDAQ under the ticker symbol TCMD.
How many acquisitions has Tactile Medical made?
Tactile Medical has made 1 acquisition, including AffloVest.
Who are Tactile Medical's investors?
Tactile Medical has 2 investors. Key investors include Radius Ventures, and Galen Partners.
What is Tactile Medical's ticker symbol?
The ticker symbol of Tactile Medical is TCMD on NASDAQ.