# Soteira

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/soteira

- Industry: Medical Devices & Equipment
- Headquarters: Natick, US
- Website: www.soteira.com
- Total disclosed funding: $19M
- Latest round: Series C (Apr 21, 2009)
- Investors on record: 5

## About

Soteira Inc. is a technology company specializing in innovative solutions tailored to enhance operational efficiency across industries such as healthcare and manufacturing, focusing on advanced systems that streamline processes and improve data management.Founded in Natick, US, Soteira Inc. focuses on developing advanced technological systems to address specific challenges in various sectors. The company was acquired by Globus Medical, strengthening its position in the market. Larry Jasinski serves as the CEO and has a history of leading technology firms. Soteira has raised a total of USD 0.47 mn through 6 funding rounds, with the latest being a Venture Debt round of USD 0.38 mn.Soteira’s core product offerings revolve around innovative solutions designed to address specific challenges in their target markets. The company specializes in advanced technological systems that enhance operational efficiency, primarily focusing on sectors such as healthcare, logistics, and manufacturing. Their flagship products are engineered to streamline processes, improve data management, and facilitate seamless communication among stakeholders. Soteira aims to serve a diverse clientele, including small to medium-sized enterprises (SMEs) and larger corporations, particularly in North America and parts of Europe. These solutions are tailored to meet the unique needs of end users, ensuring that organizations can optimize their workflows and achieve greater productivity.Soteira generates revenue through a structured model that encompasses both B2B and direct-to-consumer transactions. The company’s business transactions commonly involve subscription-based services for their software solutions, allowing clients to access continuous updates and support. Additionally, Soteira may engage in partnerships with other firms to distribute its products more widely, leveraging a network of retailers and wholesalers to reach a broader market. The pricing plans for Soteira’s services are designed to cater to different customer segments, with options that provide flexibility and scalability based on the specific needs of businesses. Through these strategically structured transactions, Soteira effectively captures value while delivering impactful solutions to its clients.Soteira plans to leverage recent funding from its latest Venture Debt round to support the development of new products that address emerging market needs. The company aims to expand into new geographic regions, specifically targeting additional markets in Europe by the end of 2024. This approach will allow Soteira to enhance its product offerings and cater to a broader range of clients.

## Funding rounds

- Series C, Apr 21, 2009, $6.6M — Delphi Ventures, Prism Venture Management, Partech Partners, HLM Venture Partners, Federated Hermes
- Series B, Mar 6, 2007, $12M — Delphi Ventures, Prism Venture Management, Partech Partners, HLM Venture Partners, Federated Hermes

## Investors

- Delphi Ventures (https://capitalatlas.ai/funds/delphi-ventures) — Series B, Series C
- Prism Venture Management (https://capitalatlas.ai/funds/prism-venture-management) — Series B, Series C
- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Series B, Series C
- HLM Venture Partners (https://capitalatlas.ai/funds/hlm-venture-partners) — Series B, Series C
- Federated Hermes (https://capitalatlas.ai/funds/federated-hermes) — Series B, Series C