About Tusker Medical
Tusker Medical is a company based in Menlo Park (United States) founded in 2016 was acquired by Smith & Nephew in January 2020.. Tusker Medical has raised $47.53 million across 6 funding rounds from investors including Smith & Nephew, Johnson & Johnson Innovation and Apple Tree Partners. The company has 26 employees as of December 31, 2017. Tusker Medical operates in a competitive market with competitors including ReSound, Olive Union, Phonak, Amplifon and Oticon, among others.
- Headquarter Menlo Park, United States
- Employees 26 as on 31 Dec, 2017
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Tusker 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
$47.53 M (USD)
in 6 rounds
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Latest Funding Round
$4 M (USD), Debt – Conventional
Jul 11, 2019
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Investors
Smith & Nephew
& 2 more
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Employee Count
26
as on Dec 31, 2017
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Acquired by
Smith & Nephew
(Jan 24, 2020)
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Funding Insights of Tusker Medical
Tusker Medical has successfully raised a total of $47.53M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $4 million completed in July 2019. 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 6
- Last Round Debt – Conventional — $4.0M
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First Round
First Round
(05 Feb 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2019 | Amount | Debt – Conventional - Tusker Medical | Valuation |
investors |
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| Sep, 2018 | Amount | Series A - Tusker Medical | Valuation |
investors |
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| Apr, 2018 | Amount | Series A - Tusker 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 Tusker Medical
Tusker Medical has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Smith & Nephew, Johnson & Johnson Innovation and Apple Tree Partners. 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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Apple Tree Partners is engaged in life sciences venture capital.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Manufacturer of knee, hip and shoulder joint replacements
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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 Tusker Medical
| 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 - Tusker 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 |
Tusker Medical Comparisons
Competitors of Tusker Medical
Tusker 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 ReSound, Olive Union, Phonak, Amplifon and Oticon, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Smart hearing aids are supplied for people with hearing impairments.
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| domain | founded_year | HQ Location |
Personal sound amplifying products are provided for hearing enhancement.
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| domain | founded_year | HQ Location |
Hearing aids, cochlear implants, and wireless systems are developed online.
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| domain | founded_year | HQ Location |
Hearing aids and accessories are manufactured, distributed, and retailed.
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| domain | founded_year | HQ Location |
Developer and manufacturer of hearing aids
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| domain | founded_year | HQ Location |
Developer and manufacturer of hearing aids
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| 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 Tusker Medical
Frequently Asked Questions about Tusker Medical
When was Tusker Medical founded?
Tusker Medical was founded in 2016.
Where is Tusker Medical located?
Tusker Medical is headquartered in Menlo Park, United States. It is registered at Menlo Park, California, United States.
Is Tusker Medical a funded company?
Tusker Medical is a funded company, having raised a total of $47.53M across 6 funding rounds to date. The company's 1st funding round was a Series A of $7M, raised on Feb 05, 2016.
How many employees does Tusker Medical have?
As of Dec 31, 2017, the latest employee count at Tusker Medical is 26.
What does Tusker Medical do?
Tusker Medical is developing a suite of pediatric-focused technologies to enable placement of tubes to avoid general anesthetics in the Ear, Nose, Throat (ENT) industry. The companys iontophoresis system applies a low-level electrical charge to an ionic drug, accelerating tissue uptake; the tube delivery system is designed to provide an automated single-button delivery of the tympanostomy tube. Tusker is also developing behavioral support tools to help the child and the family have a successful and low-stress procedure. According to preliminary published evidence, a childs stress during the procedure is low (Cohen, 2015), and a high rate of success can be achieved (Zeiders, 2015).
Who are the top competitors of Tusker Medical?
Who are Tusker Medical's investors?
Tusker Medical has 3 investors. Key investors include Smith & Nephew, Johnson & Johnson Innovation, and Apple Tree Partners.