# Cardiovascular Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cardiovascular-systems

- Industry: Medical Devices & Equipment
- Headquarters: St. Paul, US
- Website: www.csi360.com
- Total disclosed funding: $38M
- Latest round: Series B (Jan 10, 2008)
- Investors on record: 4

## About

Cardiovascular Systems Inc. specializes in developing advanced medical devices tailored for cardiovascular treatments, focusing on minimally invasive methods to improve patient care and outcomes in vascular therapies.Founded in 1989 and headquartered in St. Paul, US, Cardiovascular Systems Inc. focuses on medical devices for cardiovascular applications. The CEO is Noreen Thompson. The company has undergone strategic changes and has raised USD 11.220 mn in total funding across several rounds, the latest being a USD 13.5 mn VENTURE DEBT round in March 2013.CSI360, now part of Abbott, offers advanced medical devices primarily for the cardiovascular sector, including the Diamondback 360 range designed for minimally invasive procedures. Their products, like the Diamondback 360 Gen 2 Peripheral OAS and the Diamondback 360 Precision Coronary OAS, enhance catheter-based interventions for treating peripheral artery disease and coronary artery disease, serving hospitals and healthcare professionals across the US and Canada.In 2022, Cardiovascular Systems Inc. reported a revenue of USD 236.22 mn and an EBITDA of USD -29.54 mn, primarily generated through direct sales to healthcare facilities and partnerships with medical distributors for its specialized devices.The company is focused on launching new products within the cardiovascular device sector and expanding its geographic reach into additional markets. The recent funding of USD 13.5 mn will support these initiatives, enhancing their product development and market penetration strategies.

## Funding rounds

- Series B, Jan 10, 2008, $11M — Easton Capital Investment Group, Maverick Capital
- Series A, Oct 1, 2006, $27M — Easton Capital Investment Group, Mitsui Global Investment, ITX Corporation, Maverick Capital

## Investors

- Easton Capital Investment Group (https://capitalatlas.ai/funds/easton-capital-investment-group) — Series A, Series B
- Mitsui Global Investment (https://capitalatlas.ai/funds/mitsui-global-investment) — Series A
- ITX Corporation — Series A
- Maverick Capital (https://capitalatlas.ai/funds/maverick-capital) — Series A, Series B