Soma is a technology company.
Soma has raised $6.0M across 2 funding rounds.
Soma has raised $6.0M in total across 2 funding rounds.
Soma has raised $6.0M in total across 2 funding rounds.
Soma's investors include Kevin Hartz, ACME Capital, Acrew Capital, Andreessen Horowitz, Audrey Capital, Baseline Ventures, Big Sky Health, Binary Capital, BoxGroup, Canaan Partners, Casa Verde Capital, Catapult Capital.
Soma Technology Inc. (Soma Tech Intl) is a portfolio company specializing in new, refurbished, and rental medical equipment for healthcare facilities worldwide.[1][2][4][6] It serves hospitals, surgery centers, and clinics by providing affordable, high-quality devices like anesthesia machines, patient monitors, defibrillators (AEDs), stress test systems, stretchers, surgical tables, lights, microscopes, tourniquets, and ultrasonic cleaners across respiratory, cardiology, neurology, cardiovascular, and intensive care categories, solving the problem of high costs for OEM equipment through refurbishment to original standards and one-stop-shop inventory.[1][2][4][6] With over 30 years of operation, Soma maintains the industry's largest inventory, offers maintenance services, JCAHO inspections, lifetime technical support, and OEM parts at reduced prices, enabling entire facility outfitting while promoting sustainability via reuse and recycling; it has shown strong growth, ranking #1718 on the 2023 Inc. 5000 list and earning consecutive recognitions in 2022-2023 as one of Connecticut's fastest-growing companies, with reported revenue around $21.2 million.[2][3][4]
Soma Technology was founded in 1992 by two young biomedical entrepreneurs, including CEO and President Peter Leonidas, who identified a market gap for high-quality medical equipment at affordable prices supplied locally.[2][3][5][6] Starting in a small office in Rocky Hill, Connecticut, with a handful of employees serving central Connecticut facilities, the company quickly gained traction through strong client relationships and brand recognition.[2][3][6] By 1996, it expanded to a larger facility in Cheshire, CT, accommodating more inventory and staff, which fueled product diversification and global reach as a supplier of new and refurbished equipment by the late 1990s.[2][3][6] In 2008, surging demand led to relocation to a state-of-the-art headquarters in Bloomfield, CT (166 Highland Park Dr), housing the largest medical equipment inventory in the industry.[1][2][3][4][6]
Soma rides the trend of cost-conscious healthcare amid rising equipment prices and supply chain pressures, capitalizing on the refurbished medical device market's growth driven by budget-strapped facilities post-pandemic and global expansion needs.[1][2][5] Timing aligns with sustainability demands in medtech, where refurbishment reduces e-waste and supports ESG goals, while digital enhancements like e-commerce parts sites modernize access.[5][6] Market forces favoring Soma include healthcare facilities' shift to single-source providers for efficiency and its Inc. 5000 rankings signaling reliability amid economic scrutiny; it influences the ecosystem by setting refurbishment standards, enabling affordable patient care worldwide, and fostering competition that lowers barriers for emerging markets.[2][3][4]
Soma is poised for continued expansion through new surgery center projects, additional U.S. service centers, and growth of its AXIA Surgical private label, alongside e-commerce enhancements like redesigned parts sites.[5] Trends like AI-integrated medtech, further globalization, and sustainability mandates will shape its path, potentially amplifying influence via partnerships and inventory tech upgrades. As a proven growth leader democratizing high-end equipment, Soma reinforces its role in accessible, quality healthcare from its Bloomfield base.[2][5]
Soma has raised $6.0M across 2 funding rounds. Most recently, it raised $2.0M Series A in October 2014.