About USGI Medical
USGI Medical is a company based in San Clemente (United States) founded in 2001 by Eugene Chen.. USGI Medical has raised $45.95 million across 6 funding rounds from investors including East West Bank, GE Capital and Alta Partners. USGI Medical offers products and services including TransPort, Endoluminal Suturing, and Snowshoe Suture Anchors. USGI Medical operates in a competitive market with competitors including Apollo Endo, ReShape, Vibrynt, Satiety and Barosense, among others.
- Headquarter San Clemente, United States
- Founders Eugene Chen
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$45.95 M (USD)
in 6 rounds
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Latest Funding Round
$2.4 M (USD), Series E
Jun 10, 2019
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Investors
East West Bank
& 3 more
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Employee Count
Employee Count
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Products & Services of USGI Medical
USGI Medical offers a comprehensive portfolio of products and services, including TransPort, Endoluminal Suturing, and Snowshoe Suture Anchors. 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.
Provides stable platform for flexible endoscopic procedures.
Approximates soft tissue in minimally invasive gastroenterology.
Expandable anchors for full-thickness plications in GI use.
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Funding Insights of USGI Medical
USGI Medical has successfully raised a total of $45.95M across 6 strategic funding rounds. The most recent funding activity was a Series E round of $2.4 million completed in June 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 Series E — $2.4M
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First Round
First Round
(15 Dec 2003)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2019 | Amount | Series E - USGI Medical | Valuation |
investors |
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| Jan, 2015 | Amount | Series E - USGI Medical | Valuation | Alta Partners |
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| Jan, 2015 | Amount | Debt – Conventional - USGI Medical | Valuation |
investors |
| 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 USGI Medical
USGI Medical has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include East West Bank, GE Capital and Alta 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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Venture capital firm focused on healthcare companies
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Founded Year | Domain | Location | |
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Early-stage investing in IT and healthcare ventures.
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Founded Year | Domain | Location | |
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Commercial aircraft and equipment leasing and lending services are provided.
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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 USGI 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 - USGI 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 |
Usgi Medical Comparisons
Competitors of USGI Medical
USGI 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 Apollo Endo, ReShape, Vibrynt, Satiety and Barosense, 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 |
Therapeutic devices for obesity and GI disorders are developed.
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| domain | founded_year | HQ Location |
A dual intra-gastric balloon system is provided for weight loss.
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| domain | founded_year | HQ Location |
Provides durable coat hooks and storage solutions for home use.
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| domain | founded_year | HQ Location |
Develops a device for transoral gastroplasty to induce satiety through endoscopic methods.
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| domain | founded_year | HQ Location |
Restrictive gastric implants and procedures are developed to induce satiety.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Usgi Medical
Frequently Asked Questions about USGI Medical
When was USGI Medical founded?
USGI Medical was founded in 2001 and raised its 1st funding round 2 years after it was founded.
Where is USGI Medical located?
USGI Medical is headquartered in San Clemente, United States. It is registered at San Clemente, California, United States.
Who is the current CEO of USGI Medical?
Scott Moonly is the current CEO of USGI Medical.
Is USGI Medical a funded company?
USGI Medical is a funded company, having raised a total of $45.95M across 6 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $4.5M, raised on Dec 15, 2003.
What does USGI Medical do?
USGI Medical develops technologies to enable Incisionless Surgery the treatment of diseases through the natural passageways of the body. USGIs Incisionless Operating Platform provides surgeons the operating platform and specialized tools they need to perform surgery through a patients mouth or other natural orifices, reducing the need for external incisions into the abdomen. Its Incisionless Operating Platform includes an endoscopic access device, grasper, delivery catheter and tissue grasper. Currently in clinical development. USGI has demonstrated the capability to reliably and durably approximate GI tract tissue without an incision in a clinical trial for an incisionless weightloss surgery.
Who are the top competitors of USGI Medical?
USGI Medical's top competitors include Apollo Endo, ReShape and Barosense.
What products or services does USGI Medical offer?
USGI Medical offers TransPort, Endoluminal Suturing, and Snowshoe Suture Anchors.
Who are USGI Medical's investors?
USGI Medical has 4 investors. Key investors include East West Bank, GE Capital, Alta Partners, and InterWest.