# Hubly Surgical

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hubly-surgical

- Industry: Medical Devices & Equipment
- Headquarters: Chicago, US
- Website: www.hublysurgical.com
- Total disclosed funding: $0.9M
- Latest round: Seed (Dec 22, 2021)
- Investors on record: 3

## About

Based in Illinois, US, Hubly Surgical Inc. is a medical device company that innovates neurosurgical solutions, enhancing procedural safety and efficiency with its advanced products.Hubly Surgical Inc. specializes in the development of innovative medical devices for cranial procedures. Founded in 2019 in Chicago, US, the company has successfully raised USD 3.00 mn in Seed funding as of July 21, 2023. The founding team includes Casey G., Casey Grage, Amit Ayer, Jack Mahoney, Nathanael Andrews, and Tyler Panian, who collectively bring extensive experience in medical technology. The firm has completed a total of 4 deals since its inception.Hubly Surgical specializes in innovative medical devices, primarily focused on the Hubly Drill and its accompanying Cranial Access Kit. The Hubly Drill is designed for cranial procedures, specifically to improve the safety and efficiency of burr hole drilling, a common neurosurgical procedure. Its unique features include a SMART Auto-Stop mechanism and specialized drill bit geometry, which help minimize the risk of over-plunging and enhance user control during surgery. The drill operates in a single-use, cordless manner, allowing for one-handed operation, which increases stability and speed while reducing dependence on operating room facilities. Hubly Surgical products are marketed to hospitals and healthcare facilities across various regions, including the United States, where they have successfully placed over 4,500 units in approximately 170 hospitals, demonstrating a strong foothold in the neurosurgical medical device market.Hubly Surgical generates revenue through direct sales of its flagship products, the Hubly Drill and the Cranial Access Kit, to hospitals and healthcare providers. The company’s transaction structure primarily operates on a B2B model, wherein hospitals purchase the devices through direct orders or through partnerships with medical device distributors. The pricing strategies for the Hubly Drill and the Cranial Access Kit are designed to provide cost-effective surgical solutions while ensuring quality and reliability for surgical teams. Revenue is derived from these sales transactions, which are structured to meet the needs of neurosurgeons and healthcare institutions seeking innovative solutions for bedside cranial access procedures.In July 2023, Hubly Surgical Inc. raised USD 3.00 mn in Seed funding, which will be utilized to enhance its platform and expand market reach. The company plans to design and launch additional products aimed at improving cranial access procedures. Hubly Surgical targets expansion into new markets, focusing on international regions to increase its global presence. Specific plans for the upcoming year include exploring partnerships with healthcare providers in Europe and Asia, thereby broadening its distribution channels and customer base.

## Funding rounds

- Seed, Dec 22, 2021, $0.9M — Halcyon, First Round Capital, Southwest Angel Network

## Investors

- Halcyon — Seed
- First Round Capital (https://capitalatlas.ai/funds/first-round-capital) — Seed
- Southwest Angel Network (https://capitalatlas.ai/funds/southwest-angel-network) — Seed