When was Torax Medical founded?

Torax Medical was founded in 2002 and raised its 1st funding round 2 years after it was founded.

Where is Torax Medical located?

Torax Medical is headquartered in Minneapolis, United States.

How many employees does Torax Medical have?

As of Dec 31, 2018, Torax Medical has 70 employees, reflecting a 22% year-over-year decline in headcount.

Is Torax Medical a funded company?

Torax Medical is a funded company, having raised a total of $103M across 8 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Feb 26, 2004.

When was the latest funding round of Torax Medical?

Torax Medical's latest funding was a $***** Series E round on Jul 25, 2016, with participation from 7 investors. Its primary sector is Gastroenterology. In United States, the Gastroenterology sector has seen $582M in funding in 2026 to date.

Where does Torax Medical rank among its competitors?

Torax Medical ranks 5th amongst 18 active competitors, of which 2 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Neptune Medical, which secured $97M in Aug, 2024.

Who are the top competitors of Torax Medical?

Torax Medical's top competitors include Creo Medical, Neptune Medical and LeoMed. Among them, Neptune Medical secured the most recent funding round in August, 2024.

Torax Medical - 2026 Company Profile, Funding & Competitors

Torax Medical is an acqui-hired company based in Minneapolis (United States), founded in 2002. It operates as a Products to restore human sphincter function. Torax Medical has raised $103M in funding from investors like Thomas, McNerney & Partners, Sanderling Ventures and Piper Jaffray. The company has 18 active competitors, including 2 funded and 2 that have exited. Its top competitors include companies like Creo Medical, Neptune Medical and LeoMed.

Company Details

Torax Medical, a clinical stage medical device company, has developed a platform technology Magnetic Sphincter Augmentation (MSA). It uses magnetic force to augment weak/ defective sphincter muscles. Has two products - Linx (for the treatment of gastroesophageal reflux disease) and Fenix (to treat fecal incontinence). Linx is commercially available. Fenix is CE Marked, but not approved in the US.

Website: toraxmedical.com
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Key Metrics

Founded Year

2002

Location

Minneapolis, United States

Stage

Acqui-Hired

Total Funding

$103M in 8 rounds

Latest Funding Round

Series E, Jul 25, 2016, $*****

Investors

Thomas, McNerney & Partners & 6 more

Ranked

5^th among 18 active competitors

Employee Count

70 as on Dec 31, 2018

Similar Companies

Creo Medical & 19 more

View Torax Medical's full profile

Torax Medical is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Torax Medical Inc CIN: 710907969 , United States, Active		-	70 (As on Dec 31, 2018)	-

Torax Medical has raised a total funding of $103M over 8 rounds. Its first funding round was on Feb 26, 2004. Its latest funding round was a Series E round on Jul 25, 2016 for $*****. 7 investors participated in its latest round. Torax Medical has 7 institutional investors.

Here is the list of recent funding rounds of Torax Medical:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 25, 2016	9298105	Series E	4468341	9941012	5021722	2765008
Dec 27, 2013	9855631	Series D	2823729	4992645	6062210	1100530
Sep 24, 2012	2925318	Series D	9928408	1153280	Piper Jaffray	Kaiser Permanente Ventures & 4 more

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View details of Torax Medical's funding rounds and investors

Torax Medical's employee count trend

Torax Medical has 70 employees as of Dec 18. The total employee count is 22.0% lower than what it was in Dec 17. Here is Torax Medical's employee count trend over the years:

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Top competitors of Torax Medical include Creo Medical, Neptune Medical and LeoMed. Here is the list of Top 10 competitors of Torax Medical, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Creo Medical 2003, Chepstow (United Kingdom), Public	Developer of electrosurgical system and range of flexible endoscopic instruments	$20.8M	Finance Wales, Pentax Medical & 4 others	61/100
2nd	Neptune Medical 2016, Burlingame (United States), Series D	Manufacturer of dynamic rigidizing overtubes for enhanced endoscope control during procedures	$97M	Sonder Capital, Mighty Capital & 4 others	54/100
3rd	LeoMed 2011, Changzhou (China), Series A	Developer of Vascular and Gastrointestinal medical devices	$15.5M	CICC, Cowin Capital	49/100
4th	OverStitch 2013, Austin (United States), Unfunded	Provider of therapy for endoscopic suturing	-	-	47/100
5th	Torax Medical 2002, Minneapolis (United States), Acqui-Hired	Products to restore human sphincter function	$103M	Piper Jaffray, Mayo Clinic Business Accelerator ... & 5 others	34/100
6th	XION Medical 1992, Berlin (Germany), Public	Products and instruments foe endoscopy	-	Brandenburg Capital	33/100
7th	MI Devices 2013, Kottayam (India), Unfunded	Devices for minimally invasive procedures especially in the field of Gastroenterology	-	-	30/100
8th	Interscope 2013, Worcester (United States), Unfunded	Interscope Med: Advancing endoscopic solutions for tissue resection and necrosectomy	-	-	29/100
9th	HyGIeaCare 2014, Austin (United States), Deadpooled	Colonoscopy preparation device	$16.3M	OTV	27/100
10th	EndoClot Plus 2014, Suzhou (China), Unfunded	Provider of the medical device for treating bleeding in the gastrointestinal tract	-	-	27/100