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§ Private Profile · Berkeley, CA, USA
Medical device company for women's healthcare, focused on in-office endometrial ablation for heavy menstrual bleeding.
Established in 2009, Channel Medsystems is a Berkeley, California medical device company developing women's healthcare products, primarily focusing on in-office endometrial ablation treatments for heavy menstrual bleeding. The privately held firm manufactures the FDA-approved Cerene Cryotherapy Device, an innovative medical instrument allowing gynecologists to perform targeted clinical procedures conveniently outside of traditional hospital operating settings. Operating with a dedicated team of 32 employees, the organization currently generates approximately $5.7 million in annual revenue and has successfully raised $54.8 million in total funding. This growth capital supports ongoing commercialization efforts and comes from notable institutional investors and strategic partners, including InnovaHealth Partners, Third Point, Longwood Fund, and Boston Scientific. The enterprise is led by President and Chief Executive Officer Ric Cote, maintaining a board of directors that features industry veterans like Heather Knight and Lisa Garrett.
Channel Medsystems has raised $45.8M across 3 funding rounds.
Channel Medsystems has raised $45.8M in total across 3 funding rounds.
Channel Medsystems has raised $45.8M across 3 funding rounds. Most recently, it raised $14.1M Series C in August 2017.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 23, 2017 | $14.1M Series C | — | Aperture Venture Partners, Boston Scientific, InCube Ventures, Longwood Fund, Scientific Health Development, Third Point Ventures | Announced |
| Aug 31, 2015 | $22M Series C | Jason Hong | Aperture Venture Partners, Boston Scientific, InCube Ventures, Longwood Fund, Scientific Health Development | Announced |
| May 6, 2013 | $9.7M Series B | Boston Scientific | Aperture Venture Capital, InCube Ventures, Scientific Health Development, Stcm Ventures | Announced |
Channel Medsystems has raised $45.8M in total across 3 funding rounds.
Channel Medsystems's investors include Aperture Venture Partners, Boston Scientific, InCube Ventures, Longwood Fund, Scientific Health Development, Third Point Ventures, Jason Hong, Aperture Venture Capital, STCM Ventures.