About Trice Medical
Trice Medical is a Healthcare company based in King Of Prussia (United States) founded in 2012. It operates as a needle-based visualization devices for orthopedic diagnostics are developed. 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. Its chief executive is Mike Steen. 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. Its focus areas include Life Sciences, Orthopedics, Medical Devices and Surgical Tools. Its legal entity is TRICE MEDICAL INC.
Company details
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.
- Headquarters King Of Prussia, United States
- SectorsHealthcare
- Website tricemedical.com
- Social LinkedIn Facebook YouTube
- Legal Name Trice Medical Inc
- Total Equity Funding$85.47M (USD)
in 12 rounds
- Latest Funding Round$10.5M (USD), Series D
Aug 2023
- InvestorsBioventus
& 7 more
- Investments & AcquisitionsSegWAY Orthopaedics
& 1 more
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.
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.
Apps and channels of Trice Medical
its YouTube channel Trice Medical has 474 subscribers and 30 videos.
Videos from Trice Medical
The most watched videos on Trice Medical's YouTube channel, Trice Medical (474 subscribers). Click a video to play it here.
More on Trice Medical.
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 $85.47M
- Total Rounds 12
- Last Round Series D — $10.5M
- First Round $2.15M
(Oct 2012)
- Investors Count 8
Latest 10 of 12 funding rounds of Trice Medical 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 |
|---|---|---|---|---|---|
| Aug 2023 | $10.5M | Series D | – | – | – |
| Aug 2021 | – | Series D | – | Bioventus | – |
| Mar 2020 | $2.12M | Series C | – | – | – |
| Jan 2019 | $18.3M | Series C | – | Municipal Employees' Retirement System, Charter Capital Partners | |
| Jun 2018 | $15M | Series C | – | – | |
| Jun 2017 | $19.3M | Series C | – | Smith & Nephew | |
| Dec 2016 | $5M | Debt – Conventional | – | – | – |
| Jan 2015 | $6.5M | Series B | – | Health Quest Capital | |
| Jul 2014 | $11.6M | Series B | – | Safeguard Scientifics | |
| Nov 2013 | $3M | Debt – Conventional | – | – |
8 investors in total: 8 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm investing in early and growth stage companies | 1953 | safeguard.com | Radnor, United States | |
Investments are focused on tech and life sciences startups. | – | healthquestcapital.com | Belmont, United States | |
Healthtech startups are funded by BioStar Capital's venture capital efforts. | – | biostarcapital.com | Charlevoix, United States | |
Healing therapy products are manufactured for medical applications. | 2012 | bioventus.com | Durham, United States | |
Manufacturer of knee, hip and shoulder joint replacements | 1856 | smith-nephew.com | London, United Kingdom | |
Retirement systems are managed for municipal employees in Michigan. | – | mersofmich.com | Lansing, United States | |
Charter Capital Partners is engaged in M&A advisory and investment solutions. | 1989 | chartercapitalpartners.com | Grand Rapids, United States | |
- | – | biostarventures.com | - |
Investor details for Trice Medical
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
People of Trice Medical
27 people are tracked at Trice Medical (11 in leadership, 3 in board & advisors, 13 in team).
| Name | Role | Group |
|---|---|---|
Mike Steen | President & CEO | Leadership |
Brian Maloblocki | Director Of Education | Leadership |
Kyle Bober | Regional Sales Director | Leadership |
Virginia N. | VP of Engineering | Leadership |
Lyly Hoang | Vice President Of Marketing | Leadership |
Justin Taylor | Vice President Of Sales Operations | Leadership |
David V. | VP RA/QA at Trice Medical & Tenex Health | Leadership |
Matt Heyman | Regional Sales Director - West | Leadership |
Dan Hummel | Chief Commercial Officer (cco) | Leadership |
Jayson Parker | Vice President Of Sales - U.s. | Leadership |
Kevin Fuller | Regional Sales Director | Leadership |
Randy Scott | Director | Board & advisors |
Alan Davis | Director | Board & advisors |
Michael Schrauben | Director | Board & advisors |
Carol Andersen | Manager Sales Operations And Inside Sales | Team |
Michael Pirrello | Sales Representative | Team |
Chris Rigby | Regional Sales Manager - Az/central | Team |
Dave Zoltan | Regional Sales Manager | Team |
Lauren Geiger | Marketing Specialist | Team |
Ryan Gebhardt | Senior Electrical Engineer | Team |
7 more people are available in the full profile.
Complete people profiles for Trice Medical
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Board tenure
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Verified entity values are shown only after access is granted.
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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Minimally invasive therapies are provided for diseased tendon removal. | tenexhealth.com | Lake, United States | 2009 | Apr 2021 | •••• | |
Endoscopic guide systems for orthopedic extremity procedures are developed. | segwayortho.com | Carlsbad, United States | 2007 | Feb 2019 | •••• |
Complete acquisition details for Trice Medical
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Trice Medical
5 dated milestones of Trice Medical across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Trice Medical is founded.
- Funding First funding round of $2.2M.
- Acquisition Acquires SegWAY Orthopaedics.
- Acquisition Acquires Tenex Health.
- Funding Latest funding round, Series D, of $10.5M.
Web traffic of Trice Medical
The website of Trice Medical (tricemedical.com) receives about 3K visits a month.
- Monthly visits3K
▲ 18.6% vs previous month
Top companies in Orthopedics
10 companies that operate in the same segment as Trice Medical (Orthopedics), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of high-frequency spinal cord stimulation implants | 2006 | Menlo Park, California, United States | USD 154.1 M | USD 353.08 M | 1,215 | |
Prosthetic and orthotic devices are developed for individuals with disabilities. | 1919 | Duderstadt, Lower Saxony, Germany | USD 17 M | USD 1.97 B | 4,125 | |
Developer of therapies for the treatment of musculoskeletal disorders | 2007 | Woburn, Massachusetts, United States | USD 62 M | USD 85.55 M | 692 | |
Developer of drugs for treating rare and autoimmune diseases | 2008 | Dublin, Ireland | USD 61.78 M | USD 617.41 M | – | |
Antibody-siRNA complexes are developed for cancer treatment. | 2012 | San Diego, California, United States | USD 142.54 M | USD 10.9 M | 391 | |
Smart surgical devices for spinal surgery are developed. | 1997 | San Diego, California, United States | USD 54.1 M | – | – | |
Robotic arms are provided for mobility and rehabilitation support. | 2004 | Boston, Massachusetts, United States | USD 17.21 M | USD 40.93 M | 185 | |
AI-powered drug discovery platform for various diseases | 2016 | New York, New York, United States | USD 608.25 M | – | 197 | |
Exoskeletons for medical rehabilitation and industrial productivity are provided. | 2005 | United States | USD 24.37 M | USD 71.6 M | 61 | |
Stabilization devices for healthcare are manufactured by the company. | 2005 | New York, New York, United States | USD 142.15 M | – | 43 |
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Related news about Trice Medical
Complete news archive for Trice Medical
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Frequently Asked Questions about Trice Medical
Trice Medical was founded in 2012.
Trice Medical is headquartered in King Of Prussia, United States. It is registered at King Of Prussia, Pennsylvania, United States.
Mike Steen is the current CEO of Trice Medical.
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 Debt – Conventional of $3M, raised on Oct 2012.
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.
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.
Trice Medical has made 2 acquisitions, including SegWAY Orthopaedics, and Tenex Health.
Trice Medical has 8 investors. Key investors include Bioventus, Smith & Nephew, Safeguard Scientifics, Health Quest Capital, and MERS.
Trice Medical operates through Trice Medical Inc.