Paracor Medical
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Paracor Medical - overview
Established
1999
Location
Sunnyvale, CA, US
Primary Industry
Medical Devices & Equipment
About
Paracor Medical is a laboratory equipment provider focused on delivering advanced solutions tailored for diverse scientific and medical sectors, facilitating precise research and testing. Founded in 1999 and headquartered in Sunnyvale, US, Paracor Medical specializes in laboratory equipment. The company has executed a total of 6 deals and recently completed a SERIES D funding round, raising USD 0. 230 mn, which matches the total amount raised of USD 0.
230 mn. Key investors in this round included De Novo Ventures, Delphi Ventures, FirstMark Capital, and InterWest Partners. The founder's details are not specified, and there are no known subsidiaries or pivots in strategy. Paracor Medical specializes in providing a diverse array of laboratory equipment designed to meet the needs of various scientific and medical sectors.
Their core offerings include Microplate Readers, Analytical Balances, Laboratory Centrifuges, Spectrophotometers, Electrosurgical Units, and Sterilizers & Autoclaves, catering to industries such as pharmaceuticals, education, food and beverage, chemicals, and research institutions. These products support complex lab processes, facilitating accurate research outcomes and are utilized across North America, Europe, and Asia-Pacific. Paracor Medical's revenue model relies on direct sales of high-quality laboratory equipment to clients, including research institutions, hospitals, and educational facilities. Transactions occur on a business-to-business (B2B) basis through direct orders on the company’s website or via sales representatives.
Notable products like the BioTek Synergy H1 Microplate Reader and Eppendorf Centrifuge 5810 R exemplify their offerings, with pricing reflective of advanced technology. Promotional strategies also aid in revenue generation. Paracor Medical is currently focusing on the development of new laboratory equipment, with plans for specific product launches expected in the near future. The company aims to expand its presence in international markets, particularly targeting regions in Asia-Pacific, with anticipated entry by the end of 2024.
Recent funding from the SERIES D round will support these initiatives, as Greenspring Associates has realized its stake in the firm.
Current Investors
Alta Partners, Delphi Ventures, InterWest Partners
Primary Industry
Medical Devices & Equipment
Sub Industries
Medical Devices & Equipment
Website
www.paracormedical.com
Verticals
HealthTech
Total Amount Raised
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Paracor Medical - employee data
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