1. The Foundry
Location: Menlo Park, California.
The Foundry was founded in 1998 and it specifically works with early-stage medical device startups to provide them with a launchpad. It has an extensive funding network and provides startups with the right leadership guided by experienced entrepreneurs.
The Foundry works collaboratively with clinicians and inventors with promising ideas and helps them get through the product development and regulatory hurdles. Over the last two decades, The Foundry has financed and founded over 20 medical device companies.
Some of the successful startups founded and financed by The Foundry are:
- Ardian, Inc.: Founded in 2003, it developed a novel catheter system, specifically useful in patients with hypertension. It was later acquired by Medtronics in 2011.
- Cabochon Aesthetics
- Evalve, Inc.
- Cierra (acquired by Terumo)
- Concentric Medical (acquired by Stryker)
- XTENT: It develops customizable drug-eluting stent and had a successful IPO in 2007. In 2009, it was acquired by JW Medical, Inc.