When was CorTec founded?

CorTec was founded in 2010 and raised its 1st funding round within a year of its incorporation.

Where is CorTec located?

CorTec is headquartered in Freiburg im Breisgau, Germany.

Who is the current CEO of CorTec?

Martin Schuettler of CorTec. They have also founded 1 company.

Which legal entities is CorTec associated with?

CorTec is associated with Cortec GmbH and 1 other.

How many employees does CorTec have?

As of Jul 31, 2026, the latest employee count at CorTec is 94.

Is CorTec a funded company?

CorTec is a funded company, having raised a total of $21.6M across 6 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Oct 10, 2010.

When was the latest funding round of CorTec?

CorTec's latest funding was a $***** Grant (prize money) round on Feb 14, 2023, with participation from 1 investor.

Where does CorTec rank among its competitors?

CorTec ranks 7th amongst 65 active competitors, of which 27 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Neuralink, which secured an undisclosed amount in May, 2026.

Who are the top competitors of CorTec?

CorTec's top competitors include Neuralink, MicroTransponder and Synchron. Among them, Neuralink secured the most recent funding round in May, 2026.

CorTec - 2026 Company Profile, Team, Funding, Competitors & Financials

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

Grant (prize money), Feb 14, 2023, $*****

Investors

Mangold & 8 more

Ranked

7^th among 65 active competitors

Employee Count

94 as on Jul 31, 2026

Similar Companies

Neuralink & 68 more

View CorTec's full profile

CorTec is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
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	-	-

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:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 14, 2023	9857357	Grant (prize money)	7340518	2321915	6620639	1825585
2022	9326	Series C	4040	8149	4284	MBG
Nov 07, 2019	9094412	Series C	4949139	5718059	Santo Venture Capital	LBBW Venture Capital & 3 more

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View details of CorTec's funding rounds and investors

The founders of CorTec is Martin Schuettler. 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

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
jbjfvyx	Team	-	Current	3y 2m
nfexnok	Team	-	Current	7y 6m
isgjdqe	Independent board member	-	Past	1y 4m

View details of CorTec's Founder profiles and Board Members

CorTec's employee count trend

CorTec has 94 employees as of Jul 26. Here is CorTec's employee count trend over the years:

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Top competitors of CorTec include Neuralink, MicroTransponder and Synchron. Here is the list of Top 10 competitors of CorTec, ranked by Tracxn score:

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	Founders Fund, Vy Capital & 37 others	66/100
2nd	MicroTransponder 2007, Dallas (United States), Series F	Developer of neuromodulation therapy for neurological conditions	$180M	USVP, Green Park & Golf Ventures & 11 others	63/100
3rd	Synchron 2016, Brooklyn (United States), Series D	Developer of implantable bioelectronics for the treatment of neurological conditions	$345M	Khosla Ventures, Arch Venture Partners & 33 others	62/100
4th	Perfuze 2018, Galway (Ireland), Series A	Developer of a medical device for the treatment of acute ischemic stroke	$53.2M	Earlybird, Seroba Lifesciences & 7 others	61/100
5th	Paradromics 2015, Austin (United States), Series A	Provider of data streaming brain-computer interfaces	$88.7M	Prime Movers Lab, Synergy Ventures & 29 others	58/100
6th	Conformal Medical 2016, Nashua (United States), Series D	Innovating stroke prevention with minimally invasive Left Atrial Appendage Occlusion	$161M	CHV, Sprig Equity & 4 others	57/100
7th	CorTec 2010, Freiburg im Breisgau (Germany), Series C	Manufacturer of active implantable neurotechnology devices, components, and sub-assemblies	$21.6M	EIC Fund, Santo Venture Capital & 7 others	57/100
8th	Enspire DBS Therapy 2010, Chagrin Falls (United States), Series B	Developer of stroke recovery therapy	$27.9M	Cleveland Clinic, Genesys Capital & 3 others	52/100
9th	NeuroLutions 2007, St. Louis (United States), Series A	Developer of robotic glove controlled by brain	$28.3M	Ascension Ventures, BioGenerator & 6 others	48/100
10th	BeAble Health 2017, Hyderabad (India), Seed	Developer of upper limb rehabilitation device	$35K	Villgro, Social Alpha & 1 others	46/100