Nellix
Company

Last deal

$6.5M

Amount

Series C

Stage

15.03.2008

Date

2

all rounds

$8.76M

Total amount

date founded

Financing round

General

About Company
Nellix develops medical devices for minimally invasive treatment of aortic aneurysms.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2001

Operating Status

Closed (01.01.2010)

Number of employees

Company Type

For Profit

Last funding type

Series C

IPO status

Private

Description

Nellix has created a unique device that expands the indication for less invasive treatment of Abdominal Aortic Aneurysms (AAAs) and Thoratic Aortic Aneurysms (TAAs). With its low-profile delivery system and innovative endograft, the Nellix device has the potential to double the market size for Endovascular Aneurysms Repair (EVAR), which was worth over $800M in 2008 with a 16% CAGR (Med Tech Insight). The company's endograft products support blood flow through damaged arteries and provide treatment for aortic aneurysms, both abdominal and thoracic.
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M&A Details
1

Transaction name

Acquired by

Endologix

announced date

28.10.2010

Financials

Funding Rounds
2
2

Number of Funding Rounds

$8.76M

Money Raised

Their latest funding was raised on 15.03.2008. Their latest investor Incubic Venture Fund. Their latest round Series C

Date 
Funding Round 
Investors 
Money Raised 
Lead 
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Guido Neels

Guido Neels

Guido Neels has over 40 years of experience developing international healthcare businesses. From May 2004 until retiring in November 2005, Mr. Neels served as Chief Operating Officer of Guidant Corporation, a world leader in the development of cardiovascular medical products, where he was responsible for the global operations of Guidant’s four operating units - Cardiac Rhythm Management, Vascular Intervention, Cardiac Surgery, and Endovascular Solutions. From December 2002 to May 2004, he was Group Chairman, Office of the President at Guidant, responsible for worldwide sales operations, corporate communications, corporate marketing, investor relations and government relations. From January 2000 to December 2002, he was President of Guidant for Europe, Middle East, Africa and Canada. He previously served as Vice President of Global Marketing for Vascular Intervention and as Managing Director for German and Central European operations. From 1982 to 1994, until Guidant was spun off as an independent public company from Eli Lilly and Co., Mr. Neels held general management, sales and marketing positions at Lilly in the U.S. and Europe. From 1972 to 1980, he held positions in information technology, finance and manufacturing at Raychem Corporation in Belgium and the U.S. Mr. Neels currently serves as the Interim CEO of Bioventus, the Chairman of the Board of Directors for Oraya Therapeutics, and serves on the Board of Directors for Entellus Medical, ClearVascular, and Endologix. In addition to the portfolio company boards on which he serves, Mr. Neels also serves on the Board of Directors for Arsenal Medical, EndGenitor Technologies, and Christel House International. Mr. Neels holds a Business Engineering degree from the University of Leuven in Belgium and a Master of Business Administration degree from Stanford University. Mr. Neels joined Essex Woodlands as a Partner in August 2006, was promoted to Managing Director in 2008, and was appointed to Operating Partner in February 2013.

current job

Essex Woodlands Healthcare Partners
Essex Woodlands Healthcare Partners

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