Medtronic

About

Medtronic develops healthcare technology solutions for medical conditions.

Minneapolis,Minnesota,United States
10001 - max
https://www.medtronic.com

Highlights

Details

Last Funding Type: Post-IPO Debt
Last Funding Money Raised: €3.50B
Industries: Biotechnology,Health Care,Health Diagnostics,Medical Device,Therapeutics
Founded date: Jan 1, 1949
Number Of Employee: 10001 - max
Operating Status: Active
Stock Symbol: nyse:MDT
Legal Name: Medtronic, plc.
Also Known As: Tyco Healthcare,Medina Medical, Inc.

Medtronic provides healthcare technology solutions for complex and challenging conditions. They deliver treatments and therapies for the lungs, brain, dental, diabetes, ENT, heart, gastrointestinal, orthopedic, urinary, and women's health.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

7

€3.50B $367.04M

Medtronic has raised a total of €3.50B $367.04M in funding over 2 rounds. Their latest funding was raised on Sep 15, 2022 from a Post-IPO Debt round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Sep 15, 2022	Post-IPO Debt	€3.50B	—	—	—	Detail
Jun 15, 2020	Post-IPO Equity	$337M	1	Blackstone Life Sciences	—	Detail
Aug 15, 2016	Post-IPO Equity	$20M	1	Trade Capital Funding	—	Detail
Jan 23, 2015	Post-IPO Debt	$6.20M	—	—	—	Detail
Nov 25, 2013	Post-IPO Equity	$3.84M	—	—	—	Detail

Investments

Number of Investments

Number of Lead Investments

82

26

Medtronic has made 82 investments. Their most recent investment was on Oct 11, 2022, when Ribbon raised £2.63M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Oct 11, 2022 Ribbon	Seed	£2.63M	Market Research	—
Jul 12, 2022 CathWorks	Corporate Round	$75M	Health Care	Yes
Jun 1, 2022 Surgerii Technology	Series C	—	Medical	—
Jan 30, 2022 Orchestra BioMed	Series D	$110M	Biotechnology	—
Jan 26, 2022 Titan Medical	Post-IPO Debt	$10.60M	Health Care	Yes

Investors

Number of Lead Investors

Number of Investors

2

3

Medtronic is funded by 3 investors. Blackstone Life Sciences and Trade Capital Funding are the most recent investors.

Investor Name	Lead Investor	Funding Round
Blackstone Life Sciences	Yes	Post-IPO Equity
Trade Capital Funding	Yes	Post-IPO Equity
Advantage Capital	—	Post-IPO Equity

Employee Profiles

Number of Employee Profiles

102

Medtronic has 102 current employee profiles, including Executive Jean Nehme

Executive

Executive

Board member

Board member

Executive

Exits

Medtronic has had 26 exits. Medtronic most notable exits include AcuFocus , Rockley Photonics

Date	Company Name	Exit Type	Industry
Jan 17, 2023	AcuFocus	M&A	Health Care	Detail
Aug 12, 2021	Rockley Photonics	IPO	Consumer Electronics	Detail
Mar 26, 2021	Medusa Medical Technologies	M&A	Biotechnology	Detail
Feb 2, 2021	AEGEA Medical	M&A	Biotechnology	Detail
Nov 21, 2019	MicroCHIPS	M&A	Biotechnology	Detail

Acquisition

Medtronic has acquired 70 organizations. Their most recent acquisition was Physio-Control on Jun 30, 1998. They acquired Physio-Control for $538M.

Date Company Name	Industry	Acquisition Type	Price
Jun 30, 1998 Physio-Control	Health Care	acquisition	$ 538M	Detail
Aug 27, 1999 Xomed Surgical Products	Health Care	acquisition	$ 800M	Detail
Oct 19, 2000 PercuSurge		acquisition	$ 225M	Detail
May 31, 2001 MiniMed	Health Care	acquisition	$ 3.70B	Detail
Jan 4, 2002 Paceart Optima System	Manufacturing	acquisition	—	Detail