# Deep Blue Medical Advances

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/deep-blue-medical-advances

- Industry: Medical Devices & Equipment
- Headquarters: Durham, US
- Website: www.deepbluemedical.com
- Total disclosed funding: $5M
- Latest round: Series A (Jun 27, 2019)
- Investors on record: 3

## About

Deep Blue Medical Advances, Inc. is engaged in developing innovative solutions for soft tissue surgery, with a focus on hernia repair through advanced medical devices and surgical tools designed to improve clinical outcomes.Founded in 2015 and headquartered in Durham, US, Deep Blue Medical Advances, Inc. specializes in medical technologies for soft tissue surgery. The company raised USD 5 mn in Series A funding on June 27, 2019, led by Tech Coast Angels with participation from Band of Angels and Triangle Angel Partners. Howard Levinson and Ken Gall are notable founders of the firm, which has completed a total of 1 deal to date.Deep Blue Medical Advances specializes in innovative medical technologies focused on soft tissue surgery and hernia repair. The company's flagship products include advanced surgical tools and devices that enhance procedural efficiency and patient outcomes. These products are designed for use in various clinical settings and target healthcare providers and surgical teams in North America, Europe, and select markets in Asia. The firm has been recognized with the 2024 Luis Villalobos Award for Innovative Company of the Year in Life Sciences, highlighting its contribution to the medical community.Deep Blue generates revenue through direct sales of its medical devices and surgical tools to healthcare institutions. The transaction structure primarily involves B2B relationships, enabling surgical centers and hospitals to procure products directly from the company or through authorized distributors. Revenue is derived from sales of core offerings, including trademarked surgical devices for hernia repairs and soft tissue procedures, along with partnerships to improve product accessibility.Deep Blue plans to utilize the USD 5 mn raised in Series A funding to accelerate product development and expand market reach. The company is focusing on launching new surgical devices designed for minimally invasive procedures by mid-2024. Additionally, plans are in place to enter new markets in Asia and Europe by the end of 2025, enhancing its presence in these regions. The recent funding will support these initiatives, facilitating research and development, as well as marketing efforts to establish a foothold in the targeted areas.

## Funding rounds

- Series A, Jun 27, 2019, $5M — Band of Angels, Tech Coast Angels, Triangle Angel Partners

## Investors

- Band of Angels (https://capitalatlas.ai/funds/band-of-angels) — Series A
- Tech Coast Angels — Series A
- Triangle Angel Partners — Series A