About Trice Medical
Trice Medical is a company based in King Of Prussia (United States) founded in 2012.. Trice Medical has raised $85.47 million across 12 funding rounds from investors including Bioventus, Smith & Nephew and Safeguard Scientifics. Trice Medical has completed 2 acquisitions, including SegWAY Orthopaedics and Tenex Health. Trice Medical offers products and services including TX MicroTip for Soft Tissue, TX MicroTip for Hard Tissue, Tenex Diabetic Foot Ulcer Application, Seg-WAY Ligament Release Systems, and mi-eye 3 Needlescope.
- Headquarter King Of Prussia, United States
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
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- Legal Name Trice Medical Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$85.47 M (USD)
in 12 rounds
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Latest Funding Round
$10.5 M (USD), Series D
Aug 04, 2023
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Investors
Bioventus
& 7 more
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Employee Count
Employee Count
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Investments & Acquisitions
SegWAY Orthopaedics
& 1 more
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Products & Services of Trice Medical
Trice Medical offers a comprehensive portfolio of products and services, including TX MicroTip for Soft Tissue, TX MicroTip for Hard Tissue, Tenex Diabetic Foot Ulcer Application, Seg-WAY Ligament Release Systems, and mi-eye 3 Needlescope. 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.
Device for removing soft tissue in tendinopathy treatments.
Tool for bone spur and calcification removal procedures.
Application for treating wounds and foot ulcers effectively.
Systems for carpal tunnel and cubital tunnel releases.
Needlescope for small joint arthroscopy and diagnostics.
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Funding Insights of Trice Medical
Trice Medical has successfully raised a total of $85.47M across 12 strategic funding rounds. The most recent funding activity was a Series D round of $10.5 million completed in August 2023. 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 12
- Last Round Series D — $10.5M
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First Round
First Round
(04 Oct 2012)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Series D - Trice Medical | Valuation |
investors |
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| Aug, 2021 | Amount | Series D - Trice Medical | Valuation | Bioventus |
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| Mar, 2020 | Amount | Series C - Trice Medical | Valuation |
investors |
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| 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 Trice Medical
Trice Medical has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Bioventus, Smith & Nephew and Safeguard Scientifics. 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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Venture capital firm investing in early and growth stage companies
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Founded Year | Domain | Location | |
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Investments are focused on tech and life sciences startups.
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Founded Year | Domain | Location | |
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Healthtech startups are funded by BioStar Capital's venture capital efforts.
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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 Trice Medical
Trice Medical has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include SegWAY Orthopaedics and Tenex Health. 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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Minimally invasive therapies are provided for diseased tendon removal.
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2009 | ||||
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Endoscopic guide systems for orthopedic extremity procedures are developed.
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2007 |
| 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 - Trice Medical
| 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 |
Trice Medical Comparisons
Competitors of Trice Medical
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Trice Medical
Frequently Asked Questions about Trice Medical
When was Trice Medical founded?
Trice Medical was founded in 2012.
Where is Trice Medical located?
Trice Medical is headquartered in King Of Prussia, United States. It is registered at King Of Prussia, Pennsylvania, United States.
Who is the current CEO of Trice Medical?
Mike Steen is the current CEO of Trice Medical.
Is Trice Medical a funded company?
Trice Medical is a funded company, having raised a total of $85.47M across 12 funding rounds to date. The company's 1st funding round was a Series C of $2.12M, raised on Oct 04, 2012.
What does Trice Medical do?
Trice Medical was founded in 2012 and is headquartered in King of Prussia, United States. Needle-based diagnostic and therapeutic technologies for orthopedics are provided by the company. The FDA-approved Mi-eye product is a disposable visualization device that incorporates a camera and light source into a standard 14-gauge needle. Diagnostic arthroscopies are enabled in office settings through this technology.
What products or services does Trice Medical offer?
Trice Medical offers TX MicroTip for Soft Tissue, TX MicroTip for Hard Tissue, Tenex Diabetic Foot Ulcer Application, Seg-WAY Ligament Release Systems, and mi-eye 3 Needlescope.
How many acquisitions has Trice Medical made?
Trice Medical has made 2 acquisitions, including SegWAY Orthopaedics, and Tenex Health.
Who are Trice Medical's investors?
Trice Medical has 8 investors. Key investors include Bioventus, Smith & Nephew, Safeguard Scientifics, Health Quest Capital, and MERS.
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