SafeStitch - About the company
SafeStitch is a public company based in Miami (United States), founded in 2005 by Jeffrey Spragens. It operates as a Portfolio of products for Gastrointestinal, and Bariatric surgery. SafeStitch has raised $7.58M in funding. The company has 44 active competitors, including 16 funded and 6 that have exited. Its top competitors include companies like Vibrant, Endo Tools Therapeutics and EndoGastric Solutions.
Company Details
Safe Stitch develops numerous devices in the areas of Bariatric Surgery, Reflux Interventions, Barrett’s Esophagus, Hernia Repair, NOTES (NO SCAR) Surgery and more. In September 2007, SafeStitch LLC completed a share exchange with Cellular Technical Services Company, a publicly-traded company, which has since been renamed SafeStitch Medical, Inc. Its medical devices manipulate tissues for endoscopic and minimally invasive surgery in the treatment of obesity, gastroesophageal reflux disease (GERD), Barrett’s esophagus, esophageal obstructions, upper gastrointestinal bleeding, hernia formation, and other intraperitoneal abnormalities. The company’s product portfolio includes AMID HFD Stapler that uses non-absorbable titanium staples to repair inguinal or ventral hernias; SMART Dilator, which is used when an endoscopy demonstrates the narrowing of the esophagus; and Standard Bite Block and Airway Bite Block that are used to protect endoscope used in transoral gastrointestinal procedures. Its product candidates comprise Intralumenal Gastroplasty Device for obesity and GERD that consists of a set of instruments designed to perform endoscopic surgery by introduction through the mouth and esophagus; Barrett’s Excision Device for the diagnosis and treatment of Barrett’s esophagus; and Novel Devices for natural orifice transluminal endoscopic surgery, a method of operating in the abdominal cavity without making an incision in the abdominal wall. Since 2013, SafeStitch Medical, Inc. was acquired by TransEnterix, Inc., in a reverse merger transaction.
Key Metrics
Founded Year
2005
Location
Miami, United States
Stage
Public
Total Funding
$7.58M in 8 rounds
Latest Funding Round
Ranked
8th among 44 active competitors
Employee Count
167 as on Dec 31, 2021
Exit Details
Public
SafeStitch's IPO details
SafeStitch got listed on Jan 12, 2010.
Click here to take a look at SafeStitch's IPO in detail
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SafeStitch's funding and investors
SafeStitch has raised a total funding of $7.58M over 8 rounds. Its first funding round was on Apr 29, 2005.
Here is the list of recent funding rounds of SafeStitch:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 16, 2013 | 7831700 | Post IPO | 6953819 | 9451524 | 5597933 | 4717561 |
Mar 28, 2013 | 3007942 | Post IPO | 1417641 | 4411628 | 1877751 | 6026463 |
Feb 17, 2012 | 3678021 | Post IPO | 6963456 | 3401705 | 2542291 | 5938565 |
View details of SafeStitch's funding rounds and investors
SafeStitch's founders and board of directors
Founder? Claim ProfileThe founders of SafeStitch is Jeffrey Spragens.
Here are the details of SafeStitch's key team members:
- Jeffrey Spragens: Co-Founder & Director of SafeStitch.
View details of SafeStitch's Founder profiles and Board Members
SafeStitch's employee count trend
SafeStitch has 167 employees as of Dec 21. The total employee count is 21.0% more than what it was in Dec 20. Here is SafeStitch's employee count trend over the years:
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SafeStitch's Competitors and alternates
Top competitors of SafeStitch include Vibrant, Endo Tools Therapeutics and EndoGastric Solutions. Here is the list of Top 10 competitors of SafeStitch, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Developer of chemical-free vibrating capsules for the treatment of constipation | $25M | 59/100 | ||
2nd | Endo Tools Therapeutics 2008, Charleroi (Belgium), Series C | Developer of an endoscopic catheter for gastroenterologists | $41.6M | 56/100 | |
3rd | EndoGastric Solutions 2002, San Mateo (United States), Series J | Endoluminal solutions for digestive diseases, restoring anatomy and improving patient outcomes | $355M | 54/100 | |
4th | Developer of a medical device for the feeding sector | - | 48/100 | ||
5th | EndoChoice 2008, Alpharetta (United States), Acqui-Hired | Range of devices, systems and services for GI specialists | $116M | 48/100 | |
6th | Enterra Medical 2022, St. Louis Park (United States), Unfunded | Developer of medical device to control chronic symptoms of gastroparesis | - | - | 43/100 |
7th | Implantica 2003, Zug (Switzerland), Funding Raised | Developer of wireless smart body implants for monitoring diseases | - | 43/100 | |
8th | SafeStitch 2005, Miami (United States), Public | Portfolio of products for Gastrointestinal, and Bariatric surgery | $7.58M | - | 43/100 |
9th | Developer of mouldable seals for damaged peristomal skin | $4.77M | 40/100 | ||
10th | Integrated Endoscopy 1996, Santa Margarita (United States), Late Stage | Innovating single-use wireless endoscopy for enhanced surgical solutions and patient safety | $20.1M | 39/100 |
Looking for more details on SafeStitch's competitors? Click here to see the top ones
SafeStitch's Investments and acquisitions
SafeStitch has made no investments or acquisitions yet.
Reports related to SafeStitch
Here is the latest report on SafeStitch's sector:
News related to SafeStitch
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SafeStitch Medical Completes Merger with TransEnterixMarketWatch•Sep 04, 2013•SafeStitch, TransEnterix
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SafeStitch Medical to merge with TransEnterix, raise $30MMassDevice•Aug 14, 2013•SafeStitch, TransEnterix
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SafeStitch Medical®, Inc. Agrees with Herniamesh® Srl to Distribute MeshBusiness Wire•Jul 30, 2012•SafeStitch, Herniamesh
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SafeStitch Medical, Inc.; Name Changed from Cellular Technical Services Company.MILLER/SHANDWICK TECHNOLOGIES, INC.•Dec 05, 2007•SafeStitch
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