Momentis Surgical Ltd.
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Momentis Surgical Ltd. - overview
Established
2012
Location
Or Yehuda, -, Israel
Primary Industry
Medical Devices & Equipment
About
Based in Or Yehuda, Israel, and founded in 2012, Momentis Surgical Ltd. , formerly known as Memic Innovative Surgery, operates as a medical device company that develops a robotic-assisted surgical platform. The company was co-founded by CEO Dvir Cohen, Nir Shvalb, and Vito Vishnepolsky. In April 2021, Memic Innovative Surgery Ltd.
raised USD 96 million in Series D funding co-led by new investor Ceros Financial Services and another returning investor. In August 2021, MedTech Acquisition Corp. acquired Memic Innovative Surgery through a SPAC merger transaction. The company provides Hominis, an endoscopic instrument control system that is used for transvaginal procedures.
The robotic surgical platform features miniature humanoid-shaped robotic arms. The company's robot is made up of tiny, humanoid-shaped, articulated arms that resemble human dexterity and outperform human flexibility, giving doctors intuitive control and a novel surgical technique for laparoscopic surgery. Memic Innovative Surgery plans to use its recent funding from April 2021 to commercialize its platform in the U. S.
and expand its marketing and sales efforts outside of the U. S. The company also plans to go public through its SPAC merger with MedTech Acquisition Corp.
Current Investors
BC Capital, Peregrine Ventures, OurCrowd
Primary Industry
Medical Devices & Equipment
Sub Industries
Biotechnology, Surgical Devices, Therapeutic Devices
Website
www.memicmed.com
Verticals
Robotics
Total Amount Raised
Subscriber access only
Momentis Surgical Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Momentis Surgical Ltd. | - |
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