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Medtronic

Founders Earl Bakken Erik Engelson Kimberly Vogel Palmer Hermundslie

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 81
Average round size
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The average size of a deal this fund participated in
$26M
Portfolio companies 55
Rounds per year 1.08
Lead investments 21
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.32
Exits 23
Key employees 33

Areas of investment

  • Health Care
  • Medical Device
  • Medical
  • Biotechnology
  • Therapeutics
Summary

In 1949 was created Medtronic, which is appeared as Corporate Investor. The main office of represented Corporate Investor is situated in the Minneapolis. The venture was found in North America in United States.

The top activity for fund was in 2017. Despite it in 2019 the fund had an activity. The fund is constantly included in 2-6 deals per year. When the investment is from Medtronic the average startup value is 50-100 millions dollars. The increased amount of exits for fund were in 2014. Speaking about the real fund results, this Corporate Investor is 13 percentage points more often commits exit comparing to other organizations. The usual things for fund are deals in the range of 10 - 50 millions dollars. Comparing to the other companies, this Medtronic performs on 1 percentage points less the average number of lead investments.

The usual cause for the fund is to invest in rounds with 5-6 partakers. Despite the Medtronic, startups are often financed by Johnson & Johnson Development Corporation, Advanced Technology Ventures, U.S. Venture Partners (USVP). The meaningful sponsors for the fund in investment in the same round are Johnson & Johnson Development Corporation, Kleiner Perkins, U.S. Venture Partners (USVP). In the next rounds fund is usually obtained by Johnson & Johnson Development Corporation, U.S. Venture Partners (USVP), New Enterprise Associates.

The fund has specific favorite in a number of founders of portfolio startups. In case when startup counts 4 or 5+ of the founder, the chance for it to get the investment is meager. Among the most popular portfolio startups of the fund, we may highlight Mazor Robotics, Earlens Corporation, AcuFocus. For fund there is a match between the location of its establishment and the land of its numerous investments - United States. Among the most successful fund investment fields, there are Biotechnology, Health Care. Besides, a startup requires to be at the age of 6-10 years to receive the investment from the fund.

The fund was created by Daniel Grossman, Earl Bakken, Palmer Hermundslie, Patrick Wells. The overall number of key employees were 26.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Medtronic:
Typical Co-investors
Medtronic is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Medtronic:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Avation Medical

Health Care
Medical
Medical Device
Mobile Devices
Neuroscience
Wearables
$22M01 Feb 2024 Columbus, Ohio, United States

Surgerii Technology

Medical
Robotics
01 Jun 2022 Haidian District, Beijing, China

Surgerii Technology

Medical
Robotics
02 Nov 2021 Haidian District, Beijing, China

Scivita Medical Technology

Health Diagnostics
Manufacturing
Medical Device
$61M26 Apr 2021 Suzhou, Jiangsu, China

Health Care
Hospital
Medical
06 Jun 2018 China, Shanghai

Yosemite Clinic

Health Care
Hospitality
23 Apr 2018 China, Shanghai

FIRE1

Biotechnology
Health Care
Medical Device
Therapeutics
$47M30 Jan 2018 Dublin, County Dublin, Ireland

Semma Therapeutics

Biotechnology
Health Care
Medical
Therapeutics
$114M29 Nov 2017 Cambridge, Massachusetts, United States

Glooko

Diabetes
Health Care
mHealth
Mobile Apps
Software
$35M27 Jun 2017 Mountain View, California, United States

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Total investments 81
Average round size 26M
Rounds per year 1.08
Peak activity year 2017
Lead investments 21
Follow on index 0.32
Exits 23
Group Appearance index 0.86

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Avation Medical

Health Care
Medical
Medical Device
Mobile Devices
Neuroscience
Wearables
$22M01 Feb 2024 Columbus, Ohio, United States

Surgerii Technology

Medical
Robotics
01 Jun 2022 Haidian District, Beijing, China

Surgerii Technology

Medical
Robotics
02 Nov 2021 Haidian District, Beijing, China

Scivita Medical Technology

Health Diagnostics
Manufacturing
Medical Device
$61M26 Apr 2021 Suzhou, Jiangsu, China

Health Care
Hospital
Medical
06 Jun 2018 China, Shanghai

Yosemite Clinic

Health Care
Hospitality
23 Apr 2018 China, Shanghai

FIRE1

Biotechnology
Health Care
Medical Device
Therapeutics
$47M30 Jan 2018 Dublin, County Dublin, Ireland

Semma Therapeutics

Biotechnology
Health Care
Medical
Therapeutics
$114M29 Nov 2017 Cambridge, Massachusetts, United States

Glooko

Diabetes
Health Care
mHealth
Mobile Apps
Software
$35M27 Jun 2017 Mountain View, California, United States
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