EndoSound

Transforming Standard Endoscopes into Ultrasound Powerhouses - Advancing Early GI Disease Detection

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Security Type
Convertible Note
Categories
Financial Services, Healthcare & Medical, Technology, VC-Backed
Min Investment
$250
Location
Portland, , OR
No. Investors
562
Website
endosound.com

Key Deal Facts

FDA Breakthrough Device and FDA cleared.
600+ procedures performed with a 95%+ clinical acceptance
Co-Founder & CTO, sold last company MicroConnex, to Carlisle Interconnect Technologies
Major GI Company paid $5M for licensing agreement
Raised $12M+ to date from GeoMedTech, AGA GI Fund, strategic partners, and founders
Significant IP with 10 awarded patents and 10 patent pending
Hybrid go-to-market model: $40K system sale + $650 recurring revenue
GI Innovation of the Year 2022 - American Society for Gastrointestinal Endoscopy (ASGE)
Expanding into a $20.1B global market across gastrointestinal diagnostics and echo-endoscopy

Management Team / Advisory Board Bios

VC-Backed
Raised $250K or more from a venture firm, Repeat Founder
Started a prior company with $2M+ in funding or revenue, Scott Aldrich JrChief Executive OfficerScott is a seasoned medtech leader with 20+ years in GI devices. He led strategy and commercialization at MotusGI, Mauna Kea, and Pentax Medical, scaling innovative products from concept to market., Stephen SteinbergFounder & Chief Medical OfficerDr. Steinberg is a GI pioneer with 40+ years of experience, thousands of EUS procedures, and 30 years in academic medicine. A KOL and the co-inventor, he’s helped shape the future of gastrointestinal diagnostics., Scott CorbettFounder & Chief Technology OfficerA veteran biomedical engineer with 30+ years in ultrasound, 19 patents, and 3 medtech startups. Co-inventor and former engineering lead at GE, Tyco Healthcare, and Sonivate., Josh CohnChief Commercial Officer18-years medtech sales leader and former National Sales Director at PENTAX Medical. A proven EUS strategist with deep industry ties, he's led disruptive launches and now drives EndoSound’s commercial growth., Elizabeth Ettling
Amount Raised : $2,912,668
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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