Last deal

$9.3M

Amount

Post-IPO Equity

Stage

03.06.2024

Date

3

all rounds

$158.06M

Total amount

date founded

Financing round

General

About Company
ElectroCore develops non-invasive neuromodulation therapies for diseases and disorders.

Industry

Sector :

Subsector :

Keywords :

Also Known As

gammaCARE

founded date

01.01.2005

Number of employees

Company Type

For Profit

Last funding type

Post-IPO Equity

IPO status

Private

Description

The commercial stage bioelectronic medicine company, electroCore, focuses on improving patient outcomes through its platform non-invasive vagus nerve stimulation therapy. Currently, the company's product gammaCore is FDA cleared in the United States for adjunctive use for the preventive treatment of cluster headache in adult patients, the acute treatment of pain associated with episodic cluster headache in adult patients, the acute treatment of pain associated with migraine headache in adult patients and the prevention of migraine in adult patients. Additionally, gammaCore is CE-marked in the European Union for the acute and/or prophylactic treatment of primary headache, Bronchoconstriction and Medication Overuse Headache in adults.
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Number of Funding Rounds

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Money Raised

Their latest funding was raised on 03.06.2024. Their latest round Post-IPO Equity

Date 
Funding Round 
Investors 
Money Raised 
Lead 
03.06.2024
$9.3M
30.06.2021
$18M
27.05.2020
$1.55M
Co-Investors
Investors
6
1

Number of lead investors

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Number of investors

Investor 
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Round 
Partners 
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People

Founders
5
Steve Mendez
Steve Mendez

Steve Mendez

Steve is a Research and Development executive with 28 years experience driving all phases of product life cycle from concept/patents and design to manufacturing and sales/field support. Previously Vice President of Development with the EBI division of Biomet, Steve was responsible for electronic, bracing, and softgood products in addition to overseeing the development of external and implantable electrical/thermal therapy medical devices. He also established and managed electronic production/test/repair departments at EBI and previous employers. Steve obtained an MSEE from Rensselaer Polytechnic Institute, and a BSEE and BA Biology from Lehigh University.

current job

electroCore
electroCore

organization founded

1

Steve Mendez

Thomas Errico
Thomas Errico

Thomas Errico

Errico is Chief of the Division of Spine Surgery in the Department of Orthopedics at NYU Langone Medical Center and NYU Langone Orthopedic Hospital. He is also a tenured Professor of Orthopedic and Neurological Surgery at NYU School of Medicine. His undergraduate degree was completed at Rutgers University. He then went on to graduate and complete an internship from what was then known as the University of Medicine and Dentistry of New Jersey. After completing a residency in Orthopedics at NYU School of Medicine, he completed a yearlong fellowship in spinal surgery at the University of Toronto under the direction of Dr. John Kostuik. Among others, Dr. Errico helped found K2M Group Holdings, Inc, which is now a public-traded company selling spinal implants. Dr. Errico has served as President of both the North American Spine Society (NASS) and the International Society for the Advancement of Spine Surgery (ISASS). Along with JP Errico, Dr. Errico founded several medical device companies. According to the Medicine Lodge 2001 Spinal Implant Intellectual Property Report, he is the most prolific inventor in the field of spinal implants. According to Becker's Orthopedic & Spine Review, Dr. Errico has been listed as one of 8 spinal surgeons to know in the field of scoliosis. He was also listed as one of the 10 best orthopedic surgeons in the US Health Articles 101. Dr. Errico also served on the Board of Directors of SpineCore, a company he co-founded, from inception to sale.

current job

electroCore
electroCore

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1

Thomas Errico

JP Errico
JP Errico

JP Errico

JP received his undergraduate degree in aeronautical engineering from the Massachusetts Institute of Technology, and worked at the Air Force National Laboratory, Lincoln Laboratories. He holds both law and mechanical/materials engineering graduate degrees from Duke University. JP trained as a patent attorney in New York, and is the author of a treatise on international intellectual property law. Along with fellow investor and Board Member, Dr. Thomas Errico, Mr. Errico has founded a number of medical device companies, including Fastenetix, K2 Medical, AD-4 Pharma, E2, and SpineCore. Products conceived by these companies have generated more than $8 billion in sales to date. He served as the CEO of SpineCore from the inception of the company through to its sale to Stryker in July 2004. JP is a named inventor on more than 125 issued US patents, and is a named inventor on more than 100 pending US applications. Additional patents and patent applications outside the US on which he is a named inventor number greater than 200. In addition to his current role as CEO, he continues also to make significant inventive contributions in all aspects of the company’s key patent portfolios, along with the clinical and market validations of the company’s products and their indications

current job

electroCore
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JP Errico

Charles Theofilos
Charles Theofilos

Charles Theofilos

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Employee Profiles
19
Peter S. Staats

Peter S. Staats

Senior Consultant

Brian Posner

Brian Posner

Chief Financial Officer

Renee Chioccariello

Director, marketing communications and sales force effectiveness

Jacquelyn Pinchuk

Director, strategic marketing and analytics

Francis Amato

Francis Amato

Chief Executive Officer

JP Errico

JP Errico

Co-Founder, Chief Science & Strategy Officer

Mindy Yang

Executive director, clinical development and medical affairs

Steve Mendez

Steve Mendez

Co-Founder and Chief Technical Officer

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