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§ Private Profile · Plymouth, MN, USA
Clinical-stage medical device company developing an endoscopic procedure using pulsed electric fields for type 2 diabetes.
Based in Minneapolis, Minnesota, Endogenex is a clinical-stage medical device company developing a minimally invasive endoscopic procedure that utilizes non-thermal pulsed electric fields to treat inflamed duodenal tissue in patients with type 2 diabetes. The investigational technology aims to reset metabolic signaling in the small intestine to improve blood glucose control, earning the company a Breakthrough Device Designation from the FDA. To support its ongoing clinical trials and regulatory approval pathways, the enterprise secured an $88 million oversubscribed Series C financing round in June 2024. This initial capital was subsequently followed by a $50 million Series C extension in March 2026, which was led by Arboretum Ventures to specifically fund the pivotal ReCET clinical study. Currently led by Chief Executive Officer Stacey Pugh, Endogenex was originally founded in partnership with the Mayo Clinic.
Endogenex has raised $100.0M across 2 funding rounds.
Endogenex has raised $100.0M in total across 2 funding rounds.
Endogenex is a clinical‑stage medical‑device company developing an endoscopic procedure that uses non‑thermal pulsed electric fields (PEF) in the duodenum to “reset” metabolic signaling and improve control of type 2 diabetes (T2D).[3][4]
High‑Level Overview
Endogenex is building the Endogenex System and the ReCET procedure: an endoscopically delivered PEF catheter intended to remove poorly functioning duodenal signaling cells and induce regeneration of healthier cells to improve glycemic control and slow T2D progression; the procedure is investigational and being evaluated in pivotal clinical studies.[4][3] The company was founded in partnership with Mayo Clinic and positions its therapy as a non‑pharmacologic, durable option complementary to current diabetes medicines, aiming to reduce medication dependence and alter disease trajectory for people with T2D.[3][2]
Origin Story
Endogenex was founded in partnership with Mayo Clinic to translate research on duodenal signaling and metabolic regulation into a therapeutic platform for T2D.[3] Key clinical inventors include physicians such as Barham Abu Dayyeh, M.D., M.P.H., who has been cited as a co‑inventor on the technology.[3] The company advanced through preclinical work into human studies and most recently closed an $88 million Series C to complete the pivotal ReCET clinical trial after receiving an IDE for the study.[2][1]
Core Differentiators
Role in the Broader Tech/Medical Landscape
Endogenex is riding two converging trends: increasing interest in device‑based metabolic interventions (duodenal therapies to modulate gut‑driven metabolic signaling) and a push for durable, non‑drug options to address the global T2D burden.[3][4] Timing matters because T2D prevalence remains large and costly worldwide, and while GLP‑1 and SGLT2 therapies address outcomes, there is demand for treatments targeting underlying pathophysiology and disease progression.[3] If the ReCET pivotal data support safety and durable efficacy, Endogenex could influence clinical practice by adding an interventional option that complements pharmacotherapy and bariatric approaches, and by accelerating investment in endoscopic metabolic therapies.[2][4]
Quick Take & Future Outlook
Near term, Endogenex’s trajectory depends on successful completion and positive readout from the pivotal ReCET study and subsequent regulatory review to gain market authorization.[2][4] Longer term, trends that will shape its journey include payer acceptance of device‑based metabolic interventions, real‑world durability versus medical therapy, comparative effectiveness versus other endoscopic/metabolic procedures, and integration into endocrinology and gastroenterology care pathways.[3][4] If clinical outcomes demonstrate meaningful, durable glycemic control with acceptable safety, Endogenex could become a notable non‑pharmacologic option for T2D and spur broader adoption of gut‑targeted metabolic therapies.[2][4]
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Endogenex has raised $100.0M across 2 funding rounds. Most recently, it raised $88.0M Series C in June 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2024 | $88M Series C | — | Intuitive Ventures, Longitude Capital | Announced |
| Apr 1, 2021 | $12M Series U | — | Intuitive Ventures, Santé Ventures, Thom Ruhe | Announced |
Endogenex has raised $100.0M in total across 2 funding rounds.
Endogenex's investors include Intuitive Ventures, Longitude Capital, Santé Ventures, Thom Ruhe.