Last deal

Amount

Private Equity

Stage

03.02.2021

Date

2

all rounds

$20M

Total amount

date founded

Financing round

General

About Company
Minnetronix is a medical technology and innovation company specializing in electronic and electromechanical devices.

Industry

Sector :

Subsector :

founded date

01.01.1996

Number of employees

Company Type

For Profit

Last funding type

Private Equity

IPO status

Private

Description

Founded in 1996, Minnetronix creates new technologies and therapies to address unmet clinical and business needs in the medical device industry. They offer design, development, and manufacturing services, leveraging their industry knowledge to provide innovative partnership options. With a focus on intellectual property generation and new business models, Minnetronix aims to impact customers, clinicians, and patients by accelerating the delivery of medical products and life-saving treatments. They specialize in developing proprietary platform technologies such as stimulation systems, ventricular assist devices, and ultrasound systems. Through their expertise and efficiency, Minnetronix brings better medical devices to market faster, contributing to key technology segments like RF energy, fluid and gas management, optical systems, and stimulation and active wearables. Based in St. Paul, Minnesota, Minnetronix has been a trusted design, development, and manufacturing partner for leading device companies worldwide since 1996.
Contacts

Contact Email

Phone number

Social url

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Financials

Funding Rounds
2
2

Number of Funding Rounds

$20M

Money Raised

Their latest funding was raised on 03.02.2021. Their latest investor Altaris Capital Partners. Their latest round Private Equity

Date 
Funding Round 
Investors 
Money Raised 
Lead 
Altaris Capital Partners

Altaris Capital Partners

Altaris is a New York-based investment firm that focuses solely on the healthcare industry.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Keywords

Financial Services, Venture Capital, Health Care

Location

New York, NY, USA

count Of Investments

10

count Of Exists

4
Altaris Capital Partners

Altaris Capital Partners

Altaris is a New York-based investment firm that focuses solely on the healthcare industry.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Keywords

Financial Services, Venture Capital, Health Care

Location

New York, NY, USA

count Of Investments

10

count Of Exists

4
Co-Investors
Investors
1
1

Number of lead investors

1

Number of investors

Investor 
Lead 
Round 
Partners 
Yes
Venture - Series Unknown
Altaris Capital Partners

Altaris Capital Partners

Altaris is a New York-based investment firm that focuses solely on the healthcare industry.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Keywords

Financial Services, Venture Capital, Health Care

Location

New York, NY, USA

count Of Investments

10

count Of Exists

4

People

Founders
2
Rich Nazarian
Rich Nazarian

Rich Nazarian

Rich Nazarian has served as President and Chief Executive Officer since founding Minnetronix in 1996, with Jonathan Pierce and Dirk Smith. Rich is the principal inventor on 15 patents, the chief author on numerous papers on medical device development, and a Fellow of the American Institute for Medical and Biological Engineering. Additionally, Rich was named an Ernst & Young Entrepreneur of the Year finalist. Rich is a leader in the development of new and innovative medical devices such as implantable artificial heart electronic systems and cardiopulmonary bypass systems, laser imaging systems, ventricular assist devices and nerve growth stimulators. Rich holds a Bachelor of Science in Electrical Engineering and a Master of Science in Electrical Engineering from Stanford University.

current job

AIMBE
AIMBE

organization founded

1

Rich Nazarian

Jonathan Pierce
Jonathan Pierce

Jonathan Pierce

VP Corporate Affairs, Minnetronix, Inc.

current job

Minnetronix
Minnetronix

organization founded

1

Jonathan Pierce

Employee Profiles
61
Jim Reed

Jim Reed

General Manager, RF Stim and Wearables at Minnetronix Medical

Debby Grooms

Marketing director

Brandon Zingsheim

Principal systems engineer

Lisa Poldoski

Lisa Poldoski

Director of Operations Finance at Minnetronix Medical, Inc.

Jerry Sauber

Vice president of operations

Jason Rahn

Director, interventional therapies - minnetronix neuro

Bejan Darbandi

Principal systems engineer

James Watts

Director of business systems and it

Activity

Recent News
0