ElastiMed
Latest round
- Seed
Last raised
- Sep 2017
Total raised
- $1M
Investors
- 3
About ElastiMed
ElastiMed Ltd.ElastiMed Ltd. was founded in 2015 in Yokne'am Illit, Israel, focusing on wearable devices for compression therapy.ElastiMed specializes in innovative wearable devices that incorporate active dynamic compression technology for clinical-grade therapy. Their main product features straps made from Electroactive Polymers (EAPs) that provide adjustable compression to treat various medical conditions effectively. The device is designed with comfort and ease of use in mind, allowing users to maintain arm motion while receiving treatment. This approach promotes patient compliance and enhances treatment efficacy. The primary end users include individuals requiring compression therapy, such as those with venous insufficiency or post-surgical recovery needs.ElastiMed generates revenue through direct sales of its flagship compression therapy devices, marketed to both healthcare providers and direct consumers. The company employs a B2B model, partnering with hospitals, rehabilitation centers, and clinics, while also engaging in direct-to-consumer sales through specialized medical equipment retailers. Customers are offered subscription-based services via a mobile app that provides ongoing care and personalized treatment recommendations, ensuring sustained engagement with the product.In September 2020, ElastiMed Ltd. The company is focused on releasing additional compression therapy devices in the near future, while also targeting expansion into European and North American healthcare markets by the end of 2023.
Who invested in ElastiMed
3 investors across 1 round
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Funding rounds
Seed
Sep 24, 2017
Amount
$1M
Investors
Questions about ElastiMed
Who invested in ElastiMed?
ElastiMed has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has ElastiMed raised?
ElastiMed has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did ElastiMed last raise money?
ElastiMed's most recent round on record is a Seed, in Sep 2017.
What does ElastiMed do?
ElastiMed is a medical devices & equipment company.
Where is ElastiMed headquartered?
ElastiMed is headquartered in Yokne'am Illit, Israel.
Which VCs invest in companies like ElastiMed?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Peak XV Partners, MPCi and Luminous Ventures back medical devices & equipment companies at ElastiMed's stage. Their profiles are linked below.
VCs backing medical devices & equipment startups at Seed
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