Last deal

$3M

Amount

Post-IPO Equity

Stage

29.09.2023

Date

3

all rounds

$185.58M

Total amount

date founded

Financing round

General

About Company
FDA-approved minimally invasive obesity treatments, including Lap-Band® and ReShape Vest™ System.

Industry

Sector :

Subsector :

Keywords :

Also Known As

Abdominis

founded date

01.01.2005

Number of employees

Company Type

For Profit

Last funding type

Post-IPO Equity

IPO status

Private

Description

The company provides FDA-approved minimally invasive treatments for obesity, including the Lap-Band® program as an alternative to more invasive surgical procedures. They also offer the ReShape Vest™ System, an investigational device that wraps around the stomach to mimic the effects of weight-loss surgery without permanently altering the patient's anatomy. Additionally, ReShape Lifesciences recently launched the 𝗋𝖾𝗌𝗁𝖺𝗉𝖾𝗰𝗮𝗿𝗲™ virtual health coaching program, a reimbursed tele-health program that supports weight management and lifestyle changes for patients.
Contacts
Similar Companies
998
BarioSurg

BarioSurg

BarioSurg develops a proprietary, minimally invasive and reversible medical device to treat obesity and metabolic disease.

Sector

Medical Equipment and Services

Subsector

Medical Equipment

Keywords

Health Care, Medical Device, Medical

Location

Lake Forest, CA, USA
VertiFlex

VertiFlex

Boston Scientific is a global leader in developing innovative solutions for chronic pain.

Sector

Medical Equipment and Services

Subsector

Medical Equipment

Keywords

Health Care, Medical Device, Medical

Location

Carlsbad, CA, USA

total rounds

12

total raised

$141.99M
Impulse Dynamics

Impulse Dynamics

Impulse Dynamics is a medical device company that offers innovative solutions for the treatment of Chronic Heart Failure (CHF).

Sector

Medical Equipment and Services

Subsector

Medical Equipment

Location

Stuttgart, Germany

total rounds

8

total raised

$483.25M
ValenTx

ValenTx

ValenTx is a medical device company that develops minimally-invasive treatments for morbid obesity.

Sector

Medical Equipment and Services

Subsector

Medical Equipment

Keywords

Health Care, Biotechnology, Medical Device

Location

Maple Grove, MN, USA

total rounds

8

total raised

$49.16M
M&A Details
1

Transaction name

Acquired by

EnteroMedics

announced date

03.10.2017

price

$61M

Financials

Funding Rounds
16
3

Number of Funding Rounds

$185.58M

Money Raised

Their latest funding was raised on 29.09.2023. Their latest round Post-IPO Equity

Date 
Funding Round 
Investors 
Money Raised 
Lead 
29.09.2023
$3M
06.02.2023
$10.2M
Small Business Innovation Research

Small Business Innovation Research

The U.S. Small Business Administration administers programs to support small, high-tech businesses.

Sector

Industrial Support Services

Subsector

Professional Business Support Services

Keywords

Analytics, Office Administration, Small and Medium Businesses

Location

America, AL 35580, USA

count Of Investments

125

count Of Exists

5
Co-Investors
Investors
9
5

Number of lead investors

9

Number of investors

Investor 
Lead 
Round 
Partners 
Small Business Innovation Research

Small Business Innovation Research

The U.S. Small Business Administration administers programs to support small, high-tech businesses.

Sector

Industrial Support Services

Subsector

Professional Business Support Services

Keywords

Analytics, Office Administration, Small and Medium Businesses

Location

America, AL 35580, USA

count Of Investments

125

count Of Exists

5
SV Health Investors

SV Health Investors

SV Health Investors is a leading healthcare and life sciences venture capital and growth equity firm.

Sector

Closed End Investments

Subsector

Closed End Investments

Location

Boston, MA, USA

count Of Investments

259

count Of Exists

70
David Milne

David Milne

David Milne is the Chairman Of The Board at OneProjects.

current job

Asensus Surgical
Asensus Surgical
U.S. Venture Partners

U.S. Venture Partners

US Venture Partners is a venture capital firm that invests in early-stage ventures in information technology and healthcare.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Location

Menlo Park, CA, USA

count Of Investments

460

count Of Exists

154
Casey Tansey

Casey Tansey

Casey Tansey joined USVP as a general partner in April 2005. A veteran of the medical device industry, Casey brings over 25 years of entrepreneurial, early-stage medical device and seasoned operating experience to USVP. Casey's extensive operations experience brings more to the table than strategic counsel -- he adds empathy to that mix. Casey's investment strategy is a lot like his strategy as a CEO: identify unmet clinical needs where patients are in need of new and improved products and services. At USVP, Casey focuses on the trend toward the miniaturization of devices and the development of minimally-invasive technologies that promise innovations in the delivery of medical products and services, especially in cardiovascular products, orthopedics, spinal care and neurology. Casey's passion is to strive for delivery of medical services with less trauma to the patient and improved quality of life. Innovations shaping this trend include minimally-invasive technologies. During his tenure as CEO and President of Epicor Medical from 2001 to 2004, Casey, along with a dedicated team, pioneered a minimally-invasive treatment for atrial fibrillation and transformed the company into a recognized market leader, and he led Epicor's acquisition by St. Jude Medical. Prior to Epicor, Casey was CEO and President of Heartport, a public company that helped pioneer minimally-invasive cardiac surgery which is now a Johnson & Johnson company. Before that, he was with Baxter Edward's Cardiovascular Division for nearly ten years, holding various sales and marketing positions. During his tenure at Baxter, Casey was involved in launching innovative heart valve products that have grown to be the market leaders. Casey serves on the Board of Directors for ApniCure, CardioKinetix, Devax, Inspire Medical, Intersect ENT, Intuity Medical, ReShape Medical, and SentreHEART. In addition, he served as the Chairman of the Board of Directors of the World Heart Foundation, an organization dedicated to advancing humanitarian efforts in heart surgery worldwide through education and collaboration. Casey holds a B.S. and M.B.A. from the College of Notre Dame in Belmont, CA. Casey has served on the boards of Epicor Medical and Heartport.

current job

U.S. Venture Partners
U.S. Venture Partners
Acquisitions
1
Acquiree Name 
Date 
Price 
Acquisition Name 
Obalon Therapeutics acquired by ReShape Lifesciences

Obalon Therapeutics acquired by ReShape Lifesciences

acquirer

ReShape Lifesciences
ReShape Lifesciences

date

20.01.2021
Obalon Therapeutics

Obalon Therapeutics

Obalon Therapeutics provides innovative gastric balloon technology for weight loss.

Sector

Medical Equipment and Services

Subsector

Medical Equipment

Keywords

Health Care, Therapeutics, Fitness

Location

Carlsbad, CA, USA

total rounds

13

total raised

$201.02M

People

Founders
1
Mark B. Knudson
Mark B. Knudson

Mark B. Knudson

Mark B. Knudson, Ph.D., has served as our President, Chief Executive Officer and Chairman of the board since December 2002. Dr. Knudson also served as President and Chief Executive Officer of Venturi Group, LLC and Venturi Development, Inc., positions he held from 1999 and 2001 until their dissolutions in 2008 and 2009, respectively. Dr. Knudson served as Chairman of the board of Restore Medical, Inc., a publicly-held medical device company focused on the treatment of sleep disordered breathing, from 1999 through July 2008 when it was acquired by Medtronic, Inc. Dr. Knudson was also a member of the audit committee of Restore Medical. Dr. Knudson received a Bachelor of Science in biology from Pacific Lutheran University and a Ph.D. in physiology from Washington State University.

current job

EnteroMedics
EnteroMedics

Mark B. Knudson

Employee Profiles
35

Diane Utzman-O'Neill

Senior director brand marketing

Kaylee Nguyen

Accounting manager

Brendan O'Connell

Vice president of finance, corporate controller

Kevin Condrin

Senior vice president, commercial

Bart Bandy

Bart Bandy

CEO and President

Scott Lambert

Engineering consultant

Kristin Wielenga

Complaints and regulatory affairs specialist

Brandi Drew

Human resources director

Activity

Recent News
3
News Timeline

The graph reveals the ratio (%) of positive news articles in a chosen time range

week