Last deal

Amount

Non-equity Assistance

Stage

30.03.2023

Date

3

all rounds

$7.74M

Total amount

date founded

Financing round

General

About Company
Lineus Medical develops medical devices to reduce IV complications and improve patient outcomes.

Industry

Sector :

Subsector :

Also Known As

LineGard Med, Site Saver

founded date

11.05.2015

Number of employees

Company Type

For Profit

Last funding type

Non-equity Assistance

IPO status

Private

Description

The company's SafeBreak Vascular device uses patented break-away technology to prevent IV access lines from becoming dislodged, which can lead to blood loss and infection. This technology creates a separation in the IV tubing before securement and adhesives fail, allowing medical practitioners to quickly replace the separated device with a new one and resume the patient's medical treatment. Lineus Medical's focus on increasing the overall quality of care during IV therapy makes them a valuable player in the medical device industry.
Contacts

Contact Email

Social url

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Money Raised

Their latest funding was raised on 30.03.2023. Their latest investor Fuel. Their latest round Non-equity Assistance

Date 
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Money Raised 
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Yes
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Non-equity Assistance
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Seed, Series A, Venture - Series Unknown
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People

Founders
1
Spencer Jones
Spencer Jones

Spencer Jones

Spencer worked for 3 years in direct patient care as a Certified Nursing Assistant, Licensed Practical Nurse, and as a Registered Nurse. Frustrated with the inefficiencies plaguing the healthcare system, he was determined to play a role in improving the delivery of healthcare. In 2014, Spencer won the annual ARK Challenge, an Arkansas based business accelerator. The product he developed was a dual lumen peripheral IV called the BVAD, which focuses on painless and uncontaminated blood draws. While still working as a nurse in the clinical setting, Spencer identified another opportunity where improvement was needed around IV dislodgment prevention. This led to the birth of the SafeBreak medical device and the founding of Lineus Medical in 2015. Spencer graduated from the University of Arkansas with a Bachelor in the Science of Nursing. Spencer is on the Associate Foundation board at Baptist Health in Little Rock, Arkansas and was the Entrepreneur in Residence for the Hub X Life Sciences Accelerator for 2016.

current job

Lineus Medical
Lineus Medical

organization founded

1

Spencer Jones

Employee Profiles
6

Ryan Brick

Vice President of Sales

Will Armstrong

Will Armstrong

Vice President of Engineering

Vance Clement

Vance Clement

Chief Executive Officer

Jordan Mykleby

Director of engineering

Spencer Jones

Spencer Jones

Founder and CTO

Activity

Recent News
1