ModaThera - About the company
ModaThera is an acquired company based in Laguna Niguel (United States), founded in 2002 by Joon You. It operates as a Provider of medical devices for obesity treatment and metabolic disease management. ModaThera has raised an undisclosed amount in funding. The company has 8 active competitors, including 4 funded and 1 that has exited. Its top competitors include companies like GI Windows, GT Metabolic Solutions and Keyron.
Company Details
Provider of medical devices for obesity treatment and metabolic disease management. It offers a portfolio of products and services designed to manage weight and address metabolic health. The offerings include devices like LAP-BAND and ReShape Vest, alongside programs such as ReShapeCare and ReShape Optimize. They focus on minimally invasive solutions and long-term weight loss strategies. The company provides resources for both professionals and patients, including an online institute. It is used in the field of obesity treatment, offering solutions that are anatomy-friendly and aim to improve patient outcomes.
- Website
- reshapelifesciences.com
- Email ID
- *****@reshapelifesciences.com
Key Metrics
Founded Year
2002
Location
Laguna Niguel, United States
Stage
Acquired
Latest Funding Round
Investors
Ranked
2nd among 8 active competitors
Annual Revenue
$10M - $50M as on Dec 31, 2020
Employee Count
29 as on Apr 30, 2026
Investment & Acquisitions
Similar Companies
Exit Details
Acquired by EnteroMedics (Oct 03, 2017)
Legal entities associated with ModaThera
ModaThera is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
OBALON THERAPEUTICS INC CIN: 1427570 , United States, Active | Sep 06, 2012 | $1M - $10M (As on Dec 31, 2020) | - | - |
Reshape Lifesciences Inc. CIN: 1371217 , United States, Active | Jan 01, 2008 | $10M - $50M (As on Dec 31, 2020) | - | - |
ModaThera's acquisition details
ModaThera got acquired by EnteroMedics on Oct 03, 2017.
Click here to take a look at ModaThera's acquisition in detail
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ModaThera's funding and investors
ModaThera has raised funding over 14 rounds. Its first funding round was on Feb 27, 2009. Its latest funding round was a Grant (prize money) round on Apr 01, 2025 for $*****. 1 investor participated in its latest round. ModaThera has 7 institutional investors.
Here is the list of recent funding rounds of ModaThera:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 01, 2025 | 3955274 | Grant (prize money) | 3229002 | 1748861 | 4049054 | 7713267 |
Jan 13, 2025 | 6818016 | Grant (prize money) | 1132937 | 7336551 | 3371827 | |
Aug 20, 2024 | 9470570 | Grant (prize money) | 5555753 | 9774929 | 8846408 |
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ModaThera's founders and board of directors
Founder? Claim ProfileThe founders of ModaThera is Joon You.
Here are the details of ModaThera's key team members:
- Joon You: Founder & CEO of ModaThera.
View details of ModaThera's Founder profiles and Board Members
ModaThera's employee count trend
ModaThera has 29 employees as of Apr 26. Here is ModaThera's employee count trend over the years:
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ModaThera's Competitors and alternates
Top competitors of ModaThera include GI Windows, GT Metabolic Solutions and Keyron. Here is the list of Top 10 competitors of ModaThera, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | GI Windows 2012, West Bridgewater (United States), Series B | Revolutionizing surgical anastomosis with innovative magnetic technology for less invasive procedures | $92M | 62/100 | |
2nd | ModaThera 2002, Laguna Niguel (United States), Acquired | Provider of medical devices for obesity treatment and metabolic disease management | - | 44/100 | |
3rd |  GT Metabolic Solutions 2020, Saint Michael (United States), Series B | Developer of medical technology intended to revolutionize gastric bypass | $23.2M | 46/100 | |
4th |  Keyron 2006, London (United Kingdom), Funding Raised | Developer of therapeutics and diagnostic device for the diabetes | - | 42/100 | |
5th | _1558691613662.png?devicePixelRatio=2&height=30&width=30){kind=logo} Hangzhou Tongee Medical Technology 2017, Hangzhou (China), Series C | Limited information available | $40.2M | 38/100 | |
6th |  EndObetes 2015, New York City (United States), Seed | Developer of surgical access tool | - | 37/100 | |
7th | ValenTx 2002, Carpinteria (United States), Deadpooled | Adjustable Endoluminal bypass sleeve for obesity treatment | $48.7M | 35/100 | |
8th | Developer of minimally invasive devices to treat obesity | - | 31/100 | ||
9th |  Transduodenal Concepts Germany, Unfunded | Manufacturer of endoscopically implantable sleeve prostheses for metabolic health treatment | - | - | 16/100 |
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ModaThera's Investments and acquisitions
ModaThera has acquired Obalon. ModaThera has not made any investments as of now.Reports related to ModaThera
Here is the latest report on ModaThera's sector:
News related to ModaThera
Filter this list•
Vyome Announces Nasdaq Approval of Merger with ReShape Lifesciences, to Trade as HINDBusiness Wire•Aug 13, 2025•ModaThera, Vyome Therapeutics, Iron Pillar
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ReShape Lifesciences Announces Shareholder Approval of Merger with Vyome TherapeuticsBusiness Wire•Aug 08, 2025•ModaThera, Vyome Therapeutics, Biorad Medisys, Maxim Group
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ReShape Lifesciences Announces Adjournment of Stockholders Meeting on Asset Sale and Merger ProposalsBenzinga•Jul 25, 2025•ModaThera
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ReShape Lifesciences Provides $200,000 Loan to Vyome Therapeutics Under Merger TermsInvesting•Jul 04, 2025•ModaThera, Vyome Therapeutics
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ReShape Lifesciences Granted U.S. Patent for Intragastric Balloon SystemGlobeNewswire•Jul 01, 2025•ModaThera
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ReShape Lifesciences® Regains Compliance with Nasdaq Minimum Stockholders Equity RequirementGlobeNewswire•Jun 27, 2025•ModaThera
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ReShape Lifesciences Receives Key Australian Patent for Diabetes Neuromodulation TechnologyGlobeNewswire•Jun 25, 2025•ModaThera
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ReShape Lifesciences Signs Exclusive Distribution Agreement with Recon Supply for VA & DoD MarketsGlobeNewswire•Jun 12, 2025•ModaThera, Recon Supply
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ReShape Lifesciences Signs Distribution Deal with Recon Supply for VA and DoD MarketsBenzinga•Jun 12, 2025•ModaThera, Recon Supply
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ReShape Lifesciences Announces Pricing of $2.6 Million Public OfferingGlobeNewswire•Jun 09, 2025•ModaThera, Maxim Group
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