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§ Private Profile · Cleveland, OH, USA
A medical device company developing intraoperative nerve care devices for surgeons in hand, ENT, orthopedic, and plastic surgery.
Founded in 2009 by Len Cosentino, Checkpoint Surgical is an Independence, Ohio-based medical device company that develops intraoperative nerve care devices to protect, repair, and regenerate nerves during complex surgical procedures. The privately held manufacturer provides proprietary neurostimulation technology to surgeons across the hand, orthopedic, plastic, and ear, nose, and throat surgery markets. Operating with a workforce of approximately 30 employees under the leadership of Chief Executive Officer Derek Lewis, the enterprise generates an estimated $6,300,000 in annual revenue through direct device sales to various surgical facilities. To support its ongoing commercial expansion, the business has secured $37,800,000 in total venture funding across seven financing rounds, including a recent $16,000,000 capital injection. This crucial financial backing comes from a prominent syndicate of institutional investors such as JumpStart, First Analysis, Mutual Capital Partners, and RC Capital.
Checkpoint Surgical has raised $37.5M across 6 funding rounds.
Checkpoint Surgical has raised $37.5M in total across 6 funding rounds.
Checkpoint Surgical has raised $37.5M across 6 funding rounds. Most recently, it raised $16.0M Other Equity in August 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 24, 2021 | $16M Venture Round | — | Novel, Wayne Wallace | Announced |
| Sep 28, 2018 | $8.8M Venture Round | Wayne Wallace | Novel | Announced |
| Dec 17, 2015 | $7.5M Venture Round | — | Novel, NDI Healthcare Fund | Announced |
| Jan 28, 2012 | $3M Debt Financing | NDI Healthcare Fund | Innovation Ohio | Announced |
| Jun 10, 2010 | $2M Venture Round | — | Novel, Medical Growth Fund | Announced |
| Nov 10, 2009 | $250K Venture Round | Novel | — | Announced |
Checkpoint Surgical has raised $37.5M in total across 6 funding rounds.
Checkpoint Surgical's investors include JumpStart, Wayne Wallace, NDI Healthcare Fund, Innovation Ohio, Medical Growth Fund.