When was SPR founded?

SPR was founded in 2008 and raised its 1st funding round within a year of its incorporation.

Where is SPR located?

SPR is headquartered in Cleveland, United States.

Who is the current CEO of SPR?

Maria Bennett of SPR. They have also founded 1 company.

How many employees does SPR have?

As of Jul 31, 2026, the latest employee count at SPR is 432.

Is SPR a funded company?

SPR is a funded company, having raised a total of $132M across 17 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Apr 15, 2008.

When was the latest funding round of SPR?

SPR's latest funding was a $***** Grant (prize money) round on Mar 28, 2025, with participation from 1 investor.

Where does SPR rank among its competitors?

SPR ranks 1st amongst 53 active competitors, of which 4 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was SPR, which secured $5.99M in Mar, 2025.

Who are the top competitors of SPR?

SPR's top competitors include Electromedical Technologies, Remedee Labs and NeuraLace Medical. Among them, SPR secured the most recent funding round in March, 2025.

SPR - 2026 Company Profile, Team, Funding & Competitors

Q: Is SPR an acquired company?

SPR got acquired by Medtronic on May 21, 2026.

Company Details

Developer of non-implant peripheral nerve stimulation systems for pain management. This company provides a clinically proven, patient-preferred non-surgical option for managing chronic, intractable, post-surgical, post-traumatic, and post-operative pain. The system offers symptomatic relief and is indicated for up to 60 days of use. The most common adverse events are skin irritation and erythema. The company is focused on advancing non-opioid, non-surgical, minimally invasive pain management solutions.

Website: sprpainrelief.com
Email ID: *****@sprpainrelief.com
Phone Number: +1 **********

Key Metrics

Founded Year

2008

Location

Cleveland, United States

Stage

Acquired

Total Funding

$132M in 17 rounds

Latest Funding Round

Grant (prize money), Mar 28, 2025, $*****

Investors

Revelation Partners & 14 more

Ranked

1^st among 53 active competitors

Employee Count

432 as on Jul 31, 2026

Similar Companies

Electromedical Technologies & 77 more

Exit Details

Acquired by Medtronic (May 21, 2026)

View SPR's full profile

SPR got acquired by Medtronic on May 21, 2026 at an acquisition amount of $*****.

Click here to take a look at SPR's acquisition in detail

SPR has raised a total funding of $132M over 17 rounds. Its first funding round was on Apr 15, 2008. Its latest funding round was a Grant (prize money) round on Mar 28, 2025 for $*****. 1 investor participated in its latest round. SPR has 15 institutional investors.

Here is the list of recent funding rounds of SPR:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 28, 2025	1660546	Grant (prize money)	4257845	6896819	3126485	6358554
Feb 01, 2024	4734117	Convertible Debt	6722257	5590126	6660869	8641654
Jan 30, 2024	7709260	Series D	1929175	4390516	Revelation Partners & 2 more	8399842

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View details of SPR's funding rounds and investors

The founders of SPR is Maria Bennett. Maria Bennett is the CEO of SPR.

Here are the details of SPR's key team members:

Maria Bennett: Founder & CEO of SPR.

View details of SPR's Founder profiles and Board Members

SPR's employee count trend

SPR has 432 employees as of Jul 26. Here is SPR's employee count trend over the years:

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Top competitors of SPR include Electromedical Technologies, Remedee Labs and NeuraLace Medical. Here is the list of Top 10 competitors of SPR, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	SPR 2008, Cleveland (United States), Acquired	Developer of non-implant peripheral nerve stimulation systems for pain management	$132M	Defense.gov, Revelation Partners & 13 others	55/100
2nd	Electromedical Technologies 2007, Phoenix (United States), Public	An electrotherapy device that helps reduce and eliminate chronic or acute pain	$105K	Yorkville Advisors	48/100
3rd	Remedee Labs 2016, Meylan (France), Series A	Developer of endorphin stimulation therapy for pain management	$27.8M	HCVC, Generali & 7 others	43/100
4th	NeuraLace Medical 2016, San Diego (United States), Seed	Non-invasive neuromodulation for chronic neuropathic pain relief and improved patient outcomes	$5.85M	FusionX Ventures, BioBrit & 7 others	40/100
5th	Neurometrix 1996, Woburn (United States), Acquired	Developer of non-invasive medical devices for pain and neurological disorders	$14.6M	Deerfield, Bain Capital Ventures & 8 others	38/100
6th	iTENS 1999, Akron (United States), Unfunded	Wireless pain relief device merging technology with TENS therapy	-	-	38/100
7th	Terapio 2005, Austin (United States), Series A	Medical devices providing TENS therapy for pain relief and muscle stimulation	$9.9M	Sante Ventures, Austin Technology Incubator ... & 4 others	37/100
8th	Hollywog 2009, Chattanooga (United States), Unfunded	Pain relief solutions: TENS units, gel pads, and accessories	-	-	36/100
9th	Sublimed 2015, Moirans (France), Series A	Developer of pain management devices	$4.58M	Investisseur Prive, Kreaxi & 3 others	33/100
10th	ReBuilder Medical 2001, Charles Town (United States), Unfunded	ReBuilder Medical: Drug-free pain relief, nerve health restoration solutions	-	-	32/100