MinInvasive
Arthroscopic Device for Rotator Cuff Repair
Company Overview
Snapshot
Founded in October 2010, MinInvasive operates with 1–10 employees. The company has raised $15.37 million across 3 funding rounds with 1 investor. In December 2018, MinInvasive announced the successful limited market release of its OmniCuff System in the US.
Business overview
MinInvasive develops the OmniCuff System platform, a single-patient-use arthroscopic, needle-based device for rotator cuff repair (RCR) that eliminates the need for suture anchors. The company's core product, OmniCuff, is designed for minimally-invasive surgery in orthopedics, serving the healthcare industry, particularly providers, in markets such as China and the United States. MinInvasive operates within the Health Tech & Life Sciences sector, focusing on Medical Devices and Medical Treatment & Therapeutics.
Strategic signal
In March 2023, MinInvasive ceased operations, indicating a significant shift in its market presence and future trajectory. This development signals to investors and innovation teams the challenges faced by the company in sustaining its business model or achieving broader market adoption despite earlier product launches and market releases.
Company Intelligence Q&A
- What is MinInvasive's primary product?
- MinInvasive's primary product is the OmniCuff System, a single-patient-use device for arthroscopic, needle-based rotator cuff repair that eliminates the need for suture anchors.
- When did MinInvasive announce the limited market release of its OmniCuff System in the US?
- MinInvasive announced the successful limited market release of its OmniCuff System in the US in December 2018.
- What was a significant operational update for MinInvasive in 2023?
- MinInvasive ceased to operate in March 2023.
- When did MinInvasive announce a new financing round and strategic partnership?
- MinInvasive announced a new round of financing and a strategic partnership with MicroPort Scientific Corporation in November 2016.
- Which investor participated in MinInvasive's funding rounds?
- Access Medical Ventures participated as an investor in MinInvasive's funding rounds in July 2014 and August 2017.