About USGI Medical
USGI Medical is a Healthcare company based in San Clemente (United States) founded in 2001 by Eugene Chen. Incisionless operating platform for weight loss surgery. USGI Medical has raised $45.95 million across 6 funding rounds from investors including East West Bank, GE Capital and Alta Partners. Its chief executive, as recorded, is Scott Moonly. USGI Medical offers products and services including TransPort, Endoluminal Suturing, and Snowshoe Suture Anchors. Its focus areas include Life Sciences, Metabolic Diseases, Medical Devices and Therapies. Its competitors include Apollo Endo, ReShape and Vibrynt; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters San Clemente, United States
- Founders Eugene Chen
- SectorsHealthcare
- Website usgimedical.com
- Social LinkedIn YouTube
- Total Equity Funding$45.95M (USD)
in 6 rounds
- Latest Funding Round$2.4M (USD), Series E
Jun 2019
- InvestorsEast West Bank
& 3 more
Products & Services of USGI Medical
USGI Medical offers a comprehensive portfolio of products and services, including TransPort, Endoluminal Suturing, and Snowshoe Suture Anchors.
Provides stable platform for flexible endoscopic procedures.
Approximates soft tissue in minimally invasive gastroenterology.
Expandable anchors for full-thickness plications in GI use.
Apps and channels of USGI Medical
its YouTube channel USGI Medical has 4 subscribers.
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 $45.95M
- Total Rounds 6
- Last Round Series E — $2.4M
- First Round $12M
(Dec 2003)
- Investors Count 4
All 6 funding rounds of USGI 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 |
|---|---|---|---|---|---|
| Jun 2019 | $2.4M | Series E | – | – | – |
| Jan 2015 | $15M | Series E | – | Alta Partners | – |
| Jan 2015 | $4.5M | Debt – Conventional | – | – | |
| Jul 2014 | $9M | Debt – Conventional | – | – | |
| May 2012 | $16.55M | Series D | – | – | – |
| Dec 2003 | $12M | Series B | – | InterWest Partners, Alta Partners | – |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on healthcare companies | altapartners.com | Jackson, United States | ||
Early-stage investing in IT and healthcare ventures. | interwest.com | |||
Commercial aircraft and equipment leasing and lending services are provided. | 1932 | gecapital.com | United States | |
Commercial banking services are offered to individuals and businesses. | 1973 | eastwestbank.com | Los Angeles, United States |
Investor details for USGI Medical
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People of USGI Medical
10 people are tracked at USGI Medical (7 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
Eugene Chen | Co-Founder | Leadership |
Scott Moonly | CEO | Leadership |
Carlos Babini | CEO | Leadership |
Christopher Earley | Chief Operating Officer | Leadership |
John Bartush | CFO | Leadership |
Tom Palmer | Director, Regulatory Affairs & Quality Assurance | Leadership |
William Ospina | Director Of Manufacturing | Leadership |
Ashley Dawson | Administrative Assistant and Document Control | Team |
Tuko Chiang | Materials / Planning Manager | Team |
Eesha Ghattamaneni | Senior Manufacturing Engineer | Team |
Complete people profiles for USGI Medical
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Timeline of USGI Medical
3 dated milestones of USGI Medical across 18 years, from founding to its latest funding, stage changes and deals.
- Founded USGI Medical is founded.
- Funding First funding round of $12.0M.
- Funding Latest funding round, Series E, of $2.4M.
Competitors of USGI Medical
USGI Medical has 3 listed competitors in our database, 3 of them funded. They include Apollo Endo, ReShape and Vibrynt.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| apolloendo.com | 2005 | Austin, United States | $80.36M | 132 | Therapeutic devices for obesity and GI disorders are developed. | |
| reshapeready.com | 2005 | San Clemente, United States | $90.32M | A dual intra-gastric balloon system is provided for weight loss. | ||
| vibrynt.com | 2006 | Palo Alto, United States | $50.25M | Provides durable coat hooks and storage solutions for home use. |
Detailed competitors of USGI Medical
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Web traffic of USGI Medical
The website of USGI Medical (usgimedical.com) receives about 3.4K visits a month.
- Monthly visits3.4K
▲ 9.9% vs previous month
Top companies in Metabolic Diseases
3 companies that operate in the same segment as USGI Medical (Metabolic Diseases) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Satiety induction through digestable gastric balloon introduced via a swallowed capsule | 2009 | Wellesley, Massachusetts, United States | USD 174.04 M | USD 32.11 M | 137 | |
Developer of peptide therapeutics for the treatment of rare genetic deficiencies | 2010 | Boston, Massachusetts, United States | USD 84 M | USD 189.76 M | 283 | |
Developer of small-molecule drugs | 1991 | Los Angeles, California, United States | USD 50 M | USD 348.97 M | 407 |
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Related news about Usgi Medical
Complete news archive for USGI Medical
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Frequently Asked Questions about USGI Medical
USGI Medical was founded in 2001 and raised its 1st funding round 2 years after it was founded.
USGI Medical is headquartered in San Clemente, United States. It is registered at San Clemente, California, United States.
Scott Moonly is the CEO of USGI Medical, as recorded in our data.
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 Series B of $12M, raised on Dec 2003.
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.
USGI Medical's top competitors include Apollo Endo, ReShape and Vibrynt.
USGI Medical offers TransPort, Endoluminal Suturing, and Snowshoe Suture Anchors.
USGI Medical has 4 investors. Key investors include East West Bank, GE Capital, Alta Partners, and InterWest.