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Symetis - About the company

Symetis is an acquired company based in Ecublens (Switzerland), founded in 2001. It operates as a Heart valve replacement devices. Symetis has raised $56.7M in funding from investors like Wellington Partners Venture Capital, Endeavour Vision and Aravis. The company has 113 active competitors, including 51 funded and 29 that have exited. Its top competitors include companies like Shockwave Medical, Cardiac Dimensions and MicroPort CardioFlow Medtech Corporation.

Company Details

Symetis develops minimally invasive heart valve replacement therapies for patients suffering from heart valve diseases. Its proprietary Acurate TA and Acurate neo along with their respective delivery systems are marketed in Europe and other markets. Has manufacturing facilities in Brazil and Switzerland. Puts its planned IPO on hold in late 2015.
Key Metrics
Founded Year
2001
Location
Ecublens, Switzerland
Stage
Acquired
Total Funding
$56.7M in 3 rounds
Latest Funding Round
Ranked
Investment & Acquisitions
Similar Companies
Exit Details
Acquired by Boston Scientific (Mar 30, 2017)

Symetis's acquisition details

Symetis got acquired by Boston Scientific on Mar 30, 2017 at an acquisition amount of $*****.
Click here to take a look at Symetis's acquisition in detail
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Symetis's funding and investors

Symetis has raised a total funding of $56.7M over 3 rounds. Its first funding round was on Oct 14, 2004. Its latest funding round was a Series C round on Oct 07, 2010 for $*****. 8 investors participated in its latest round. Symetis has 13 institutional investors.

Here is the list of recent funding rounds of Symetis:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Oct 07, 2010
2227803
Series C
4590854
9217783
2281766
3768043
Jul 02, 2009
1097445
Series B
8150544
6786047
2605760
Oct 14, 2004
7854691
Series A
8435653
5572383
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Symetis's Competitors and alternates

Top competitors of Symetis include Shockwave Medical, Cardiac Dimensions and MicroPort CardioFlow Medtech Corporation. Here is the list of Top 10 competitors of Symetis, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Shockwave Medical
Shockwave Medical
2009, Santa Clara (United States), Acquired
Developer of cardiovascular balloon dilation catheters
$148M
65/100
2nd
Logo for Cardiac Dimensions
Cardiac Dimensions
2001, Kirkland (United States), Series E
Developer of invasive cardiac implants for heart failure
$261M
63/100
3rd
Developer of smart medical devices for patients with heart valve diseases
$132M
63/100
4th
Logo for Peijia Medical Technologies
Peijia Medical Technologies
2012, Suzhou (China), Public
Developer of medical devices for the treatment of cardiac and cerebrovascular diseases
$110M
63/100
5th
Logo for JenaValve Technology
JenaValve Technology
2006, Irvine (United States), Acquired
Provider of pericardial transcatheter aortic valve replacement and delivery system
$364M
62/100
6th
Logo for Venus MedTech
Venus MedTech
2009, Hangzhou (China), Public
Transcatheter aortic valves
$37M
62/100
7th
Logo for CroiValve
CroiValve
2016, Dublin (Ireland), Series B
Developer of a percutaneous device for treating tricuspid regurgitation
$52.1M
58/100
8th
Logo for TRiCares
TRiCares
2013, Aschheim (Germany), Series D
Developer of a minimally invasive tricuspid valve replacement system. This system is designed to treat tricuspid regurgitation, a serious heart condition, without the need for open-heart surgery. The company focuses on developing a safe and effective solution to address the limitations of existing treatment approaches. It is developing a catheter-based system for tricuspid valve replacement. The company's efforts include clinical trials and securing funding to support further development and clinical milestones.
$103M
58/100
9th
Logo for Foldax
Foldax
2006, Salt Lake City (United States), Series D
Developer of bio-polymeric heart valves to treat aortic, mitral, and tricuspid valve diseases
$43.7M
56/100
10th
Logo for HighLife Medical
HighLife Medical
2010, Paris (France), Series B
Developer of trans-catheter mitral valve replacement system
$50.8M
56/100
19th
Logo for Symetis
Symetis
2001, Ecublens (Switzerland), Acquired
Heart valve replacement devices
$56.7M
49/100
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Symetis's Investments and acquisitions

Symetis has acquired Middle Peak Medical. Symetis has not made any investments as of now.

Reports related to Symetis

Here is the latest report on Symetis's sector:

News related to Symetis

Polares Medical raises $25mArawali phosphateJul 17, 2018Polares Medical, Symetis, Boston Scientific, Decheng Capital and 4 others
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