About TechsoMed
TechsoMed is a Healthcare company based in Rehovot (Israel) founded in 2012. Ultrasound-based monitoring systems for thermal ablation procedures are developed. TechsoMed has raised $9.6 million across 3 funding rounds from investors including Screen Holdings, European Union and Axil Capital. TechsoMed offers products and services including BioTrace and BioTrace.IO. Its focus areas include Life Sciences, Surgical Instruments, Cutting and Ablating and Imaging Diagnostics. Its legal entity is TECHSOMED MEDICAL TECHNOLOGIES LTD.
Company details
TechsoMed was founded in 2012 in Rehovot, Israel, and operates in the medical technology sector. Real-time monitoring systems based on ultrasound are developed for thermal ablation procedures. The Biotrace unit, an imaging and analysis tool, is interfaced with standard ultrasound devices to track and predict tissue destruction progression. Operations focus on enabling precise control during ablation treatments in clinical settings.
- Headquarters Rehovot, Israel
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website techsomed.com
- Social LinkedIn
- Legal Name Techsomed Medical Technologies Ltd
- Total Equity Funding$9.6M (USD)
in 3 rounds
- Latest Funding Round$7M (USD), Series B
Mar 2021
- InvestorsScreen Holdings
& 10 more
Products & Services of TechsoMed
TechsoMed offers a comprehensive portfolio of products and services, including BioTrace and BioTrace.IO.
Software for predicting tissue response in ablation therapy.
Tool for planning and confirming treatments in oncology.
Funding Insights of TechsoMed
TechsoMed has successfully raised a total of $9.6M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $7 million completed in March 2021. 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 $9.6M
- Total Rounds 3
- Last Round Series B — $7M
- First Round $2.6M
(May 2019)
- Investors Count 11
All 3 funding rounds of TechsoMed 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 |
|---|---|---|---|---|---|
| Mar 2021 | $7M | Series B | – | Axil Capital | |
| Dec 2019 | $54,723 | Grant | – | – | |
| May 2019 | $2.6M | Series A | – | Johnson & Johnson Innovation |
11 investors in total: 11 institutional.
Investors in TechsoMed
TechsoMed has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Screen Holdings, European Union and Axil Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investments are targeted by Axil Capital, a VC firm. | axilcapital.com | Minato City, Japan | ||
| yongjin.com.cn | ||||
Investment firm backed by the Cohen family | cobroventures.com | Mclean, United States | ||
Tech focused stage agnostic VC firm investing globally | radiancapital.com | New York, United States | ||
Early-stage high-tech startups in Israel are funded by NextLeap Ventures. | nextleapventures.com | Israel | ||
Venture capital firm backed by Johnson & Johnson | jnjinnovation.com/jjdc | Cambridge, United States | ||
Tailored financial solutions are provided by Magna Capital. | magnacapital.co.uk | London, England | ||
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
| jnjinnovation.com | ||||
Semiconductor, display, and graphic arts equipment is manufactured. | 1868 | screen.co.jp | Kyoto, Japan |
Investor details for TechsoMed
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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People of TechsoMed
17 people are tracked at TechsoMed (8 in leadership, 5 in board & advisors, 4 in team).
| Name | Role | Group |
|---|---|---|
Tom Edlund | Chief Technology Officer | Leadership |
Tal Sitbon | Deputy Chief Executive Officer | Leadership |
Eran Naveh | Chief Strategy Officer | Leadership |
Tobias Preusser | General Manager Techsomed Gmbh | Leadership |
Talia Goshen | Director, Contracts & Licensing | Leadership |
Yossi Abu | Founder and CEO | Leadership |
Dubi Finklshtein | VP Of Sales | Leadership |
Nitzan Even | Director Of Marketing And Business Development | Leadership |
Arie Rosenfeld | Chairman | Board & advisors |
Wang Chong | Director | Board & advisors |
Fred Shane | Director | Board & advisors |
Eiji Kakiuichi | Director | Board & advisors |
Todd Kaloudis | Director | Board & advisors |
Torben Pätz | Software Developer | Team |
Christian Schumann | Software Developer | Team |
Christian Rieder | Software Manager | Team |
Inbal Amitai | Clinical Manager | Team |
Complete people profiles for TechsoMed
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of TechsoMed
3 dated milestones of TechsoMed across 9 years, from founding to its latest funding, stage changes and deals.
- Founded TechsoMed is founded.
- Funding First funding round of $2.6M.
- Funding Latest funding round, Series B, of $7.0M.
Top companies in Imaging Diagnostics
2 companies that operate in the same segment as TechsoMed (Imaging Diagnostics) in Israel, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
MR-interfaced ultrasound devices for cancer and neurology treatments are provided. | 1999 | Tirat Carmel, Haifa District, Israel | USD 574.2 M | 541 | ||
Digital X-ray sources are developed by Nanox for cloud-based diagnostics. | 2004 | Jerusalem, Jerusalem District, Israel | USD 110.72 M | USD 13.02 M | 165 |
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Frequently Asked Questions about TechsoMed
TechsoMed was founded in 2012 and raised its 1st funding round 7 years after it was founded.
TechsoMed is headquartered in Rehovot, Israel. It is registered at Rehovot, Central District, Israel.
TechsoMed is a funded company, having raised a total of $9.6M across 3 funding rounds to date. The company's 1st funding round was a Series A of $2.6M, raised on May 2019.
TechsoMed was founded in 2012 in Rehovot, Israel, and operates in the medical technology sector. Real-time monitoring systems based on ultrasound are developed for thermal ablation procedures. The Biotrace unit, an imaging and analysis tool, is interfaced with standard ultrasound devices to track and predict tissue destruction progression. Operations focus on enabling precise control during ablation treatments in clinical settings.
TechsoMed offers BioTrace and BioTrace.IO.
TechsoMed has 11 investors. Key investors include Screen Holdings, European Union, Axil Capital, Yongjin Group, and Cobro Ventures.
TechsoMed operates through Techsomed Medical Technologies Ltd.