Mainstay Medical
PublicLast Round
Follow-on Offering
Feb 26, 2024
Total Funding Raised
$436.3M
Company Overview
Mainstay Medical is a medical device company that develops FDA-approved therapies for chronic low back pain, focusing on restoring muscle control and enhancing lumbar spine function to improve patients' quality of life.
Sector
Medical Devices
AI Layer
Non-AI
Keywords
implantable restorative neurostimulation systemmultifidus muscle dysfunction treatmentrestorative therapy for chronic low back painelectrical stimulation for multifidus muscleimplantable medical device for back painneuromuscular control restorationtreatment for intractable chronic low back painpatient-controlled neurostimulation therapymedical device for spine stabilitynon-surgical back pain therapymedical device hardware sales
Mainstay Medical Comps
Public and private peers based on sector, stage, and business model.
| Company | Status | Est. Valuation | Rev Multiple |
|---|---|---|---|
| OpenAI | Private | $86.0B | ~40x |
| Cohere | Private | $5.0B | -- |
| Competitor 1 | Public | $XX.XB | XXx |
| Competitor 2 | Public | $XX.XB | XXx |
Mainstay Medical Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Follow-on Offering | Feb 26, 2024 | ||||
| Debt | Sep 9, 2022 | ||||
| Debt | Apr 20, 2021 | ||||
| Follow-on Offering | Feb 16, 2021 | ||||
| Follow-on Offering | Feb 15, 2018 | ||||
Debt | Aug 24, 2015 |
Mainstay Medical Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| KCK MedTech | Follow-on Offering |
| IPF Partners | Debt |
| Capricorn Partners | Series B, IPO |
| Perceptive Advisors | Follow-on Offering |
| Ally Bridge Group | Follow-on Offering |
| Fountain Healthcare Partners | Follow-on Offering, IPO, Series B |
| Roebury Nominees One | Series B |
Mainstay Medical Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Firmographic Details
HeadquartersDublin, Leinster
Employee Range201
Year Founded2008
Last FundingFeb 26, 2024