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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
Stage
Public
Total Funding
$7.58M in 8 rounds
Latest Funding Round
Ranked
Employee Count
167 as on Dec 31, 2021
Similar Companies
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:lockFilter this list
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
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SafeStitch's founders and board of directors

Founder? Claim Profile
The founders of SafeStitch is Jeffrey Spragens.
Here are the details of SafeStitch's key team 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:
Employee count trend for SafeStitch
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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:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Vibrant
Vibrant
2007, Yokneam Illit (Israel), Series E
Developer of chemical-free vibrating capsules for the treatment of constipation
$25M
59/100
2nd
Logo for Endo Tools Therapeutics
Endo Tools Therapeutics
2008, Charleroi (Belgium), Series C
Developer of an endoscopic catheter for gastroenterologists
$41.6M
56/100
3rd
Logo for EndoGastric Solutions
EndoGastric Solutions
2002, San Mateo (United States), Series J
Endoluminal solutions for digestive diseases, restoring anatomy and improving patient outcomes
$355M
54/100
4th
Logo for Rockfield
Rockfield
2014, Galway (Ireland), Funding Raised
Developer of a medical device for the feeding sector
-
48/100
5th
Logo for EndoChoice
EndoChoice
2008, Alpharetta (United States), Acqui-Hired
Range of devices, systems and services for GI specialists
$116M
48/100
6th
Logo for Enterra Medical
Enterra Medical
2022, St. Louis Park (United States), Unfunded
Developer of medical device to control chronic symptoms of gastroparesis
-
-
43/100
7th
Logo for Implantica
Implantica
2003, Zug (Switzerland), Funding Raised
Developer of wireless smart body implants for monitoring diseases
-
43/100
8th
Logo for SafeStitch
SafeStitch
2005, Miami (United States), Public
Portfolio of products for Gastrointestinal, and Bariatric surgery
$7.58M
-
43/100
9th
Logo for Ostoform
Ostoform
2016, Dublin (Ireland), Series B
Developer of mouldable seals for damaged peristomal skin
$4.77M
40/100
10th
Logo for Integrated Endoscopy
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
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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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