About TandemLife
TandemLife is a company based in Pittsburgh (United States) founded in 1996 by George Magovern was acquired by LivaNova in February 2018.. TandemLife has raised $33 million across 1 funding round from investors including LivaNova and NeoMed. TandemLife offers products and services including LifeSPARC System, ProtekDuo, TandemHeart, TandemLung, and TandemLife. TandemLife operates in a competitive market with competitors including Sequana Medical, CVRx, HeartWare, Element Science and Ancora Heart, among others.
- Headquarter Pittsburgh, United States
- Founders George Magovern
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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- Legal Name Livanova, Inc.
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Products & Services of TandemLife
TandemLife offers a comprehensive portfolio of products and services, including LifeSPARC System, ProtekDuo, TandemHeart, TandemLung, and TandemLife. 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.
Provides advanced support for critical care patients during procedures.
Enables dual circulatory assistance in medical interventions.
Offers temporary heart support for surgical and emergency use.
Assists lung function in critical respiratory conditions.
Combines heart and lung support for comprehensive care.
Includes essentials for circulatory support procedures and setups.
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Software Development Team
61 people
Leadership Team
27 people
Finance and Accounting
25 people
Human Resources and Administration
23 people
Operations Team
15 people
Data Analysis and Operations Team
12 people
Sales and Marketing
10 people
Legal and Compliance
8 people
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Funding Insights of TandemLife
TandemLife has successfully raised a total of $33M through 1 strategic funding round. The most recent funding activity was a Series C round of $33 million completed in February 2001. 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 1
- Last Round Series C — $33.0M
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First Round
First Round
(08 Feb 2001)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2001 | Amount | Series C - TandemLife | 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 |
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Investors in TandemLife
TandemLife has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include LivaNova and NeoMed. 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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Stage-agnostic life sciences-focused VC firm investing in North America & Europe
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Founded Year | Domain | Location | |
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Therapeutic devices for cardiac and neurological conditions are provided worldwide.
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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 TandemLife
| 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 - TandemLife
| 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 |
Tandemlife Comparisons
Competitors of TandemLife
TandemLife 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 Sequana Medical, CVRx, HeartWare, Element Science and Ancora Heart, 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 |
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| domain | founded_year | HQ Location |
Implantable battery-powered pumps for ascites removal are developed.
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| domain | founded_year | HQ Location |
Implantable technology for hypertension and heart failure is developed.
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| domain | founded_year | HQ Location |
Miniaturized ventricular assist devices are developed for heart failure treatment.
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| domain | founded_year | HQ Location |
Wearable patch defibrillators are developed for sudden cardiac arrest treatment.
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| domain | founded_year | HQ Location |
Minimally invasive ventriculoplasty system for heart failure and FMR
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| domain | founded_year | HQ Location |
Total artificial hearts are developed for cardiac replacement therapy.
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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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Frequently Asked Questions about TandemLife
When was TandemLife founded?
TandemLife was founded in 1996 and raised its 1st funding round 5 years after it was founded.
Where is TandemLife located?
TandemLife is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Who is the current CEO of TandemLife?
John Marous is the current CEO of TandemLife.
Is TandemLife a funded company?
TandemLife is a funded company, having raised a total of $33M across 1 funding round to date. The company's 1st funding round was a Series C of $33M, raised on Feb 08, 2001.
What does TandemLife do?
TandemLife, founded in 1996 and based in Pittsburgh, United States, operates in the cardiovascular medical device sector. Temporary ventricular circulatory support devices for post-cardiotomy cardiac failure are developed, along with a Tandem Lung oxygenator for blood oxygenation and carbon dioxide removal. Hydrodynamic centrifugal pumps, transseptal cannulas for left ventricular assist, and electromechanical systems are also produced. The company rebranded from CardiacAssist in 2016.
Who are the top competitors of TandemLife?
TandemLife's top competitors include Sequana Medical, CVRx and Adona Medical.
What products or services does TandemLife offer?
TandemLife offers LifeSPARC System, ProtekDuo, TandemHeart, TandemLung, and 2 more products and services.