Last deal

$25M

Amount

Series E

Stage

26.07.2016

Date

3

all rounds

$102.2M

Total amount

date founded

Financing round

General

About Company
Torax Medical develops an implantable device for the treatment of gastroesophageal reflux disease.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2002

founders

Number of employees

Company Type

For Profit

Last funding type

Series E

IPO status

Private

Description

Based in Shoreview, Minnesota, Torax Medical is a clinical stage medical device company that provides treatments for digestive diseases, including acid reflux. The company develops and manufactures medical devices designed for the treatment of gastroesophageal reflux disease, or GERD, using specialized magnets to restore the barrier functions of sphincters through minimally invasive procedures. Torax Medical's technology platform, Magnetic Sphincter Augmentation (MSA), is utilized in both the LINX® Reflux Management System for the treatment of GERD and the FENIX® Continence Restoration System for the treatment of Fecal Incontinence (FI).
Contacts

Contact Email

Phone number

Social url

Similar Companies
1000
ProVerum Medical

ProVerum Medical

Proverum is an Irish medical device company developing a treatment for BPH.

Sector

Medical Equipment and Services

Subsector

Medical Equipment

Location

Dublin, Ireland

total rounds

3

total raised

$8.05M
Emphasys Medical

Emphasys Medical

Ephrasys Medical develops minimally invasive therapies for the treatment of chronic obstructive pulmonary diseases.

Sector

Medical Equipment and Services

Subsector

Medical Equipment

Keywords

Health Care, Medical, Medical Device

Location

Redwood City, CA, USA

total rounds

3

total raised

$67.7M
Replication Medical

Replication Medical

Replication Medical is a medical device company specializing in treating degenerative spinal disc disease.

Sector

Medical Equipment and Services

Subsector

Medical Equipment

Keywords

Health Care, Medical Device, Medical

Location

Cranbury, NJ, USA

total rounds

4

total raised

$1.71M
Pi-Cardia

Pi-Cardia

Pi-Cardia is a medical device start-up developing a low profile catheter for treating aortic stenosis.

Sector

Medical Equipment and Services

Subsector

Medical Equipment

Keywords

Health Care, Medical Device, Medical

Location

Herzliya, Israel

total rounds

6

total raised

$58M
M&A Details
1

Transaction name

Acquired by

ETHICON,Inc.

announced date

17.02.2017

Financials

Funding Rounds
8
3

Number of Funding Rounds

$102.2M

Money Raised

Their latest funding was raised on 26.07.2016. Their latest investor Piper Jaffray. Their latest round Series E

Date 
Funding Round 
Investors 
Money Raised 
Lead 
Johnson & Johnson Innovation

Johnson & Johnson Innovation

Johnson & Johnson Innovation collaborates with innovators to incorporate science into healthcare solutions.

Sector

Pharmaceuticals and Biotechnology

Subsector

Biotechnology

Keywords

Health Care, Medical Device

Location

New Brunswick, NJ, USA

count Of Investments

60

count Of Exists

6
Piper Jaffray

Piper Jaffray

Piper Jaffray Companies is a leading investment bank and asset management firm serving clients in the US and internationally.

Sector

Investment Banking and Brokerage Services

Subsector

Diversified Financial Services

Keywords

Financial Services, Finance

Location

Minneapolis, MN, USA

count Of Investments

36

count Of Exists

18
Mayo Clinic Ventures

Mayo Clinic Ventures

Mayo Clinic Ventures brings answers to patients in need while generating revenue to support clinical practice.

Sector

Health Care Providers

Subsector

Health Care Services

Keywords

Health Care, Financial Services, Medical

Location

Rochester, MN, USA

count Of Investments

33

count Of Exists

1
Co-Investors
Investors
7
3

Number of lead investors

7

Number of investors

Investor 
Lead 
Round 
Partners 
Yes
Series D, Series E
Yes
Series E
Piper Jaffray

Piper Jaffray

Piper Jaffray Companies is a leading investment bank and asset management firm serving clients in the US and internationally.

Sector

Investment Banking and Brokerage Services

Subsector

Diversified Financial Services

Keywords

Financial Services, Finance

Location

Minneapolis, MN, USA

count Of Investments

36

count Of Exists

18
Johnson & Johnson Innovation

Johnson & Johnson Innovation

Johnson & Johnson Innovation collaborates with innovators to incorporate science into healthcare solutions.

Sector

Pharmaceuticals and Biotechnology

Subsector

Biotechnology

Keywords

Health Care, Medical Device

Location

New Brunswick, NJ, USA

count Of Investments

60

count Of Exists

6
Mayo Clinic Ventures

Mayo Clinic Ventures

Mayo Clinic Ventures brings answers to patients in need while generating revenue to support clinical practice.

Sector

Health Care Providers

Subsector

Health Care Services

Keywords

Health Care, Financial Services, Medical

Location

Rochester, MN, USA

count Of Investments

33

count Of Exists

1

People

Founders
1
Todd Berg
Todd Berg

Todd Berg

Todd Berg brings over twenty years of experience with pioneering technologies and a proven track record in funding and marketing early stage start-ups to the Venture Capital and clinical community. Prior to Torax Medical, Todd Berg was with St. Jude Medical where he was the Vice President of Emerging Technology. Prior positions at St. Jude Medical included General Manager of the Anastomotic Technology Group and Vice President of Research and Development for the Cardiac Surgery Division. He joined St. Jude Medical through the acquisition of Vascular Science in 1999 where he was the Vice President of Research and Development. Prior to Vascular Science he was with SciMed Life Systems and Boston Scientific. Todd Berg holds over sixty patents in the area of medical technology and has published numerous articles in professional journals. He has a Bachelor of Science degree in Mechanical Engineering from the University of Minnesota.

current job

Metavention
Metavention

Todd Berg

Employee Profiles
22

Kevin Schmidt

Principal manufacturing engineer

Kevin Horn

Territory manager

Celeste Kline

Field clinical engineer

Carol Chow

Clinical consultant

Michael Costello

Director of manufacturing operations

Amy Derosier

Amy Derosier

Vice President of Clinical Affairs

Eric Masingale

Sr. Global Vice President of Sales and Marketing

Irma Nguyen

Financial analyst

Activity

Recent News
0