# Middle Peak Medical

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/middle-peak-medical

- Industry: Medical Devices & Equipment
- Headquarters: Palo Alto, US
- Website: www.middlepeakmedical.com
- Total disclosed funding: $12M
- Latest round: Series A (Oct 28, 2013)
- Investors on record: 5

## About

Middle Peak Medical develops advanced medical devices designed to enhance surgical and diagnostic procedures, improving patient outcomes and clinical workflows through innovative technology and support services.Middle Peak Medical focuses on the design and provision of medical devices for healthcare applications. Founded by Alex Khairkhahan, the company is headquartered in Palo Alto, US. The company has completed a total of 3 deals, with the most recent funding round being a Series A, which raised USD 3.00 mn from investors including BioMed Partners and Edwards Lifesciences Corporation. In February 2017, Middle Peak Medical was acquired by Symetis SA for an undisclosed amount.Middle Peak Medical specializes in the development and provision of advanced medical devices and technologies tailored for various healthcare applications. Their core offerings include solutions that enhance surgical and diagnostic effectiveness, addressing critical challenges in the medical field. The company caters to hospitals, outpatient surgical centers, and specialty clinics, ensuring their products are utilized by surgeons and healthcare providers across North America, Europe, and select Asian markets.Middle Peak Medical generates revenue through direct sales to healthcare facilities and potential partnerships with distributors. Its revenue streams chiefly arise from the sale of medical devices, often bundled with service agreements. Sales transactions typically involve contractual agreements with hospitals and clinics, which may include volume discounts and subscription service plans. Pricing structures reflect the complexity of the devices and may incorporate fees for training and installation services, ensuring comprehensive support for clients.Middle Peak Medical is planning to launch new medical devices aimed at addressing specific healthcare challenges. The company aims to expand its reach into new markets in Europe and Asia by 2025. The USD 3.00 mn raised in its latest funding round will be allocated towards product development and market expansion initiatives, supporting their strategic objectives for growth.

## Funding rounds

- Series A, Oct 28, 2013, $3M — Wellington Partners, Seventure Partners, BioMed Partners, Edwards Lifesciences Corporation, High-Tech Gruenderfonds
- Series A, Jun 26, 2013, $8.5M — Wellington Partners, Seventure Partners, High-Tech Gruenderfonds

## Investors

- Wellington Partners (https://capitalatlas.ai/funds/wellington-partners) — Series A
- Seventure Partners (https://capitalatlas.ai/funds/seventure-partners) — Series A
- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Series A
- BioMed Partners (https://capitalatlas.ai/funds/biomed-partners) — Series A
- Edwards Lifesciences Corporation — Series A