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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 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 |
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.