About Torax Medical
Torax Medical is a company based in Minneapolis (United States) founded in 2002 was acquired by Ethicon in February 2017. Torax Medical has raised $102.7 million across 8 funding rounds from investors including Piper Jaffray, Johnson & Johnson Innovation – JJDC and Sanderling Ventures. The company has 70 employees as of December 31, 2018. Torax Medical operates in a competitive market with competitors including Creo Medical, SafeHeal, LeoMed, HyGIeaCare and Lexington Medical, among others.
- Headquarter Minneapolis, United States
- Employees 70 as on 31 Dec, 2018
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Sectors
Healthcare
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Torax Medical Inc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$102.7 M (USD)
in 8 rounds
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Latest Funding Round
$25 M (USD), Series E
Jul 25, 2016
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Investors
Piper Jaffray
& 7 more
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Employee Count
70
as on Dec 31, 2018
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Acquired by
Ethicon
(Feb 17, 2017)
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Funding Insights of Torax Medical
Torax Medical has successfully raised a total of $102.7M across 8 strategic funding rounds. The most recent funding activity was a Series E round of $25 million completed in July 2016. 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.
Investors in Torax Medical
Torax Medical has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Piper Jaffray, Johnson & Johnson Innovation – JJDC and Sanderling Ventures.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm backed by Johnson & Johnson
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Biomedical investment financing and active management services.
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Investor details for Torax Medical
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Investments & Acquisitions by Torax Medical
Investment portfolio details for Torax Medical
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Financial Statements - Torax Medical
Detailed financials for Torax Medical
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Torax Medical Comparisons
Peer comparison for Torax Medical
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Competitors of Torax Medical
Torax 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 Creo Medical, SafeHeal, LeoMed, HyGIeaCare and Lexington Medical, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Developer of electrosurgical system and range of flexible endoscopic instruments
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A medical device for colorectal surgery complications is developed.
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Developer of Vascular and Gastrointestinal medical devices
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Provides a specialized device for effective colonoscopy preparation.
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Abdominal surgical instruments are developed for medical procedures.
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Detailed competitors of Torax Medical
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Latest news on Torax Medical
Complete news archive for Torax Medical
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Frequently Asked Questions about Torax Medical
Torax Medical was founded in 2002 and raised its 1st funding round 2 years after it was founded.
Torax Medical is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Torax Medical is a funded company, having raised a total of $102.7M across 8 funding rounds to date.
As of Dec 31, 2018, the latest employee count at Torax Medical is 70.
Torax Medical, a clinical stage medical device company, has developed a platform technology Magnetic Sphincter Augmentation (MSA). It uses magnetic force to augment weak defective sphincter muscles. Has two products - Linx (for the treatment of gastroesophageal reflux disease) and Fenix (to treat fecal incontinence). Linx is commercially available. Fenix is CE Marked, but not approved in the US.
Torax Medical's top competitors include Creo Medical, SafeHeal and Lexington Medical.
Torax Medical has 8 investors. Key investors include Piper Jaffray, Johnson & Johnson Innovation – JJDC, Sanderling Ventures, Thomas, McNerney & Partners, and Accuitive Medical Ventures.