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§ Private Profile · Minneapolis, MN, USA
ShiraTronics is a technology company.
ShiraTronics is a privately held medical device company located in Minneapolis. Our seasoned team has developed a device that aims to combat debilitating chronic migraine disease.
ShiraTronics has raised $111.0M across 3 funding rounds.
ShiraTronics has raised $111.0M in total across 3 funding rounds.
ShiraTronics is a clinical-stage medical device company developing the world's first fully implantable neuromodulation system purpose-built for chronic migraine.[1][3][4] The ShiraTronics Migraine Therapy System delivers continuous, patient-controlled electrical stimulation to targeted nerves (occipital and supraorbital) in the head, aiming to reduce migraine frequency, severity, and reliance on medications for treatment-resistant patients who suffer 15+ headache days per month.[2][3][6] It serves the estimated 5 million U.S. adults with chronic migraine, particularly those unresponsive to drugs, addressing a multibillion-dollar market with minimal competition by offering a drug-free, minimally invasive alternative that improves quality of life without systemic side effects.[2][3][4]
Clinical data from the RELIEV-CM Pilot Study showed a 9.6-day reduction in monthly headache/migraine days over 12 months, sustained benefits, and no unanticipated adverse events, fueling growth momentum as the company advances to its FDA-approved IDE pivotal trial (RELIEV-CM2), with first implants completed in the U.S. and Australia and results expected in 2026.[1][3][4][5] Backed by investors like Norwest Venture Partners, USVP, Treo Ventures, and Amzak Health via a Series B round, ShiraTronics is positioned for commercialization post-pivotal success.[2]
ShiraTronics emerged from learnings of early neuromodulation studies using off-label devices (e.g., spinal cord stimulators) implanted in the scalp, which faced high complication rates like lead migration, skin erosion, and infections.[2] Founded as a Minneapolis-based innovator, the company applied these insights to pioneer a fully implantable, migraine-specific system, earning FDA Breakthrough Device Designation to accelerate development.[3][4] Key milestones include launching the RELIEV-CM Pilot Study in Australia (first seven patients completed procedures), successful enrollment conclusion, world's first six head-implanted patients, and positive 12-month data announced recently.[1][5]
While specific founders are not detailed in available sources, ShiraTronics' early traction built on addressing unmet needs in chronic migraine, a progressive condition disabling daily life for millions when medications fail.[6] Patents for its implantable head-located radiofrequency coupled neurostimulation system underscore its innovative IP foundation.[1]
ShiraTronics rides the neuromodulation wave in medtech, shifting chronic pain treatment from pharmaceuticals to targeted neurostimulation amid rising demand for non-drug options amid opioid crises and medication resistance.[2][3] Timing aligns with growing recognition of chronic migraine as a neurological disease affecting productivity (e.g., 5M U.S. sufferers), where existing therapies fail ~50% of patients, creating a multibillion-dollar device market with low competition.[2] Favorable forces include FDA support for breakthrough innovations and investor interest in healthcare disruptors (e.g., Norwest's portfolio).[2][4]
The company influences the ecosystem by validating scalp-specific implants, potentially expanding neuromodulation to other headaches or pain indications, lowering costs via outpatient procedures, and enhancing outcomes for refractory patients.[2][3]
ShiraTronics is primed for pivotal trial readout in 2026, potentially unlocking FDA approval and U.S. launch by 2027-2028, scaling to serve millions in a high-need market.[3][4] Trends like AI-optimized stimulation, expanded indications, and global reimbursement will shape growth, amplifying its lead in migraine neuromodulation.[1][7] As clinical momentum builds, expect partnerships, further funding, and ecosystem impact—transforming "impossible" lives for chronic migraine sufferers, as promised from day one.[6]
ShiraTronics has raised $111.0M in total across 3 funding rounds.
ShiraTronics's investors include Norwest Venture Partners, Bascom Ventures, Creative Ventures, Breakout Ventures, Amzak Health Investors, U.S. Venture Partners, Treo Ventures, New Leaf Venture Partners, SV Health Investors.
ShiraTronics has raised $111.0M across 3 funding rounds. Most recently, it raised $66.0M Series B in September 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2024 | $66M Series B | Norwest Venture Partners | Bascom Ventures, Creative Ventures, Norwest Venture Partners | Announced |
| Mar 1, 2020 | $3M Series A | Breakout Ventures | — | Announced |
| Oct 1, 2019 | $42M Series A | Amzak Health Investors, U.S. Venture Partners, Treo Ventures | NEW Leaf Venture Partners, SV Health Investors | Announced |