CorTec - About the company
CorTec is a series C company based in Freiburg im Breisgau (Germany), founded in 2010 by Martin Schuettler and Joern Rickert. It operates as a Manufacturer of active implantable neurotechnology devices, components, and sub-assemblies. CorTec has raised $21.6M in funding from investors like Mangold, K & SW Consult and Santo Venture Capital. The company has 54 active competitors, including 25 funded and 2 that have exited. Its top competitors include companies like Neuralink, MicroTransponder and Synchron.
Company Details
Manufacturer of active implantable neurotechnology devices, components, and sub-assemblies. They offer design, development, and manufacturing services for medical devices. The company provides cuff electrodes, grid electrodes, paddle and strip electrodes, and percutaneous electrodes. Services include electronics and software development, prototyping, testing, and validation. The Brain Interchange System is available for pre-clinical and clinical research.
Key Metrics
Founded Year
2010
Location
Freiburg im Breisgau, Germany
Stage
Series C
Total Funding
$21.6M in 6 rounds
Latest Funding Round
Ranked
4th among 54 active competitors
Employee Count
91 as on Jun 30, 2026
Legal entities associated with CorTec
CorTec is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Cortec GmbH CIN: HRB87270 , Germany, Active | Oct 31, 2006 | €1M - €10M (As on Dec 31, 2021) | 51 (As on Dec 31, 2022) | |
Cortec Gmbh CIN: B8536_HRB705960 , Germany, Active | Oct 20, 2010 | - | - |
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CorTec's funding and investors
CorTec has raised a total funding of $21.6M over 6 rounds. Its first funding round was on Oct 10, 2010. Its latest funding round was a Grant (prize money) round on Feb 14, 2023 for $*****. 1 investor participated in its latest round. CorTec has 9 institutional investors.
Here is the list of recent funding rounds of CorTec:
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Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 14, 2023 | 2317676 | Grant (prize money) | 2717954 | 1238437 | 3849799 | 8027820 |
2022 | 4096 | Series C | 3069 | 5556 | 5131 | |
Nov 07, 2019 | 8224834 | Series C | 6617046 | 4909223 |
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CorTec's founders and board of directors
Founder? Claim ProfileThe founders of CorTec are Martin Schuettler and Joern Rickert. Martin Schuettler is the CEO of CorTec.
Here are the details of CorTec's key team members:
- Martin Schuettler: Co-Founder, CEO & CTO of CorTec. Contact Info: 1 email address
- Joern Rickert: Founder, Chief Strategic & Scientific Offier of CorTec.
CorTec's Board of Directors
CorTec's board has 2 active members. Rimbach Torsten Schmitt and Eser Sakar are part of team.Here is the list of CorTec's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
oeutlbr | Team | - | Current | 9y 1m |
{mtodsq | Team | - | Current | 1y 8m |
{cysaub | Independent board member | - | Past | 4y 6m |
View details of CorTec's Founder profiles and Board Members
CorTec's employee count trend
CorTec has 91 employees as of Jun 26. Here is CorTec's employee count trend over the years:
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CorTec's Competitors and alternates
Top competitors of CorTec include Neuralink, MicroTransponder and Synchron. Here is the list of Top 10 competitors of CorTec, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Neuralink 2016, Fremont (United States), Series E | Provider of implantable brain-computer interfaces | $1.29B | 66/100 | |
2nd | MicroTransponder 2007, Dallas (United States), Series F | Developer of neuromodulation therapy for neurological conditions | $180M | 63/100 | |
3rd |  Synchron 2016, Brooklyn (United States), Series D | Developer of implantable bioelectronics for the treatment of neurological conditions | $345M | 62/100 | |
4th | Manufacturer of active implantable neurotechnology devices, components, and sub-assemblies | $21.6M | 62/100 | ||
5th | Developer of a medical device for the treatment of acute ischemic stroke | $53.2M | 61/100 | ||
6th | Paradromics 2015, Austin (United States), Series A | Provider of data streaming brain-computer interfaces | $88.7M | 58/100 | |
7th | Conformal Medical 2016, Nashua (United States), Series D | Innovating stroke prevention with minimally invasive Left Atrial Appendage Occlusion | $161M | 57/100 | |
8th |  Enspire DBS Therapy 2010, Chagrin Falls (United States), Series B | Developer of stroke recovery therapy | $27.9M | 51/100 | |
9th |  MIVI Neuroscience 2013, Eden Prairie (United States), Series C | Developer of catheters for acute ischemic stroke therapy | $66.5M | 50/100 | |
10th | NeuroLutions 2007, St. Louis (United States), Series A | Developer of robotic glove controlled by brain | $28.3M | 48/100 |
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CorTec's Investments and acquisitions
CorTec has made no investments or acquisitions yet.
Reports related to CorTec
Here is the latest report on CorTec's sector:
News related to CorTec
Filter this listMedia has covered CorTec for a total of 5 events in the last 1 year, 3 of them have been about company updates.
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CorTec's Brain Interchange™ BCI System Enables Stroke Patient to Control Computer with MindGlobeNewswire•Apr 29, 2026•CorTec
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CorTec Announces Second Human Implantation of Brain-Computer Interface (BCI) SystemWebDisclosure•Feb 10, 2026•CorTec
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