Levita Magnetics International
Latest round
- Series C
Last raised
- Jan 2022
Total raised
- $20M
Investors
- 4
About Levita Magnetics International
Levita Magnetics International Corp.Founded in 2011 and headquartered in Menlo Park, US, Levita Magnetics develops innovative surgical solutions focusing on reducing invasiveness in surgery.Levita Magnetics specializes in a revolutionary surgical platform known as MARS (Magnetic Assisted Robotic Surgery), which utilizes advanced magnetic technology to facilitate minimally invasive surgical procedures. The MARS system is designed to enhance surgical precision while reducing patient recovery times and overall healthcare costs. This innovative product seeks to address the limitations of traditional surgical methods by significantly decreasing the invasiveness of procedures, thereby improving patient outcomes and safety. The primary clientele includes hospitals and surgical centers, with end users being patients who require surgical intervention for various medical conditions, particularly in fields such as general surgery and specialized surgical practices.Levita Magnetics generates revenue through the direct sale of its MARS surgical systems to hospitals and surgical facilities, capitalizing on a B2B transaction model. The company structures its sales through partnerships with healthcare providers, enabling these institutions to integrate the MARS system into their operational frameworks. Revenue streams are derived from the initial equipment purchase, complemented by ongoing support and maintenance services. The flagship MARS system, along with any associated accessories or consumables, constitutes a significant part of the company's offerings, providing both upfront and recurring revenue opportunities.Levita Magnetics aims to enhance its product offerings and market reach. The company is also targeting market expansion into Asia and Europe, with a focus on integrating their systems into new healthcare facilities by 2025. The recent acquisition of an undisclosed stake by Vizcaya Capital will support these ambitions, allowing Levita Magnetics to scale its operations and further innovate in the surgical technology sector.
Who invested in Levita Magnetics International
4 investors across 1 round
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Funding rounds
Series C
Jan 31, 2022
Amount
$20M
Investors
Questions about Levita Magnetics International
Who invested in Levita Magnetics International?
Levita Magnetics International has 4 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 Levita Magnetics International raised?
Levita Magnetics International has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Levita Magnetics International last raise money?
Levita Magnetics International's most recent round on record is a Series C, in Jan 2022.
What does Levita Magnetics International do?
Levita Magnetics International Corp.
Where is Levita Magnetics International headquartered?
Levita Magnetics International is headquartered in Menlo Park, US.
Which VCs invest in companies like Levita Magnetics International?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back medical devices & equipment companies at Levita Magnetics International's stage. Their profiles are linked below.
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