Affera Acquisition, Valuation, Funding & Investors

Affera was acquired by Medtronic for $925M in January 2022.

Affera acquisition price

$925M

Acquired by Medtronic · Jan 2022

Cumulative funding Affera raised

$5M

across 1 funding round

Key investors in Affera

  • Innogest Capital

Affera Overview

About Affera

Affera is a Herzliya, Israel-headquartered medical technology company. It develops the Affera X Platform, an integrated system for cardiac ablation mapping and therapy in arrhythmia treatment. The FDA-cleared technology combines high-density mapping catheters with pulsed field and radiofrequency energy sources, addressing atrial fibrillation in over 100,000 procedures annually worldwide. Partnerships with Boston Scientific expand its global reach in electrophysiology markets.


Founded

2015

HQ

United StatesBoston, MA

Website

affera.com

Status

Acquired

Customer focus

B2B

Revenue model

Product sales

Valuation

$925M (acquired Jan 2022)

Affera Acquisition

Affera was acquired by Medtronic for $925M on 10 January 2022.

Before the acquisition Affera had raised $5M across 1 funding round.

Affera acquisition details
AcquirerDateTypePrice
10 Jan 2022Strategic M&A$925M

Affera Funding History

Affera has raised a total of $5M across 1 funding round.

Affera funding rounds

Affera funding rounds
DateStageInvestorsRaisedDeal Summary
Jan 2021Series AInnogest Capital (lead)$5MAffera is a medical technology company developing innovative solutions for cardiac arrhythmia treatment, including the Affera Prism-1 cardiac mapping and navigation platform and Sphere-9 cardiac ablation catheter. The company, founded in 2013 and headquartered in Newton, Massachusetts, focuses on electrophysiology to enable rapid mapping for diagnosing arrhythmias and delivering ablation therapy. Innogest Capital invested in Affera in January 2021, as confirmed by their later exit. Innogest Capital, Bain Capital Life Sciences, Elysia Capital, BetaAngels Management, and Norwich Ventures held stakes sold during Medtronic's acquisition.

Who has invested in Affera?

1 investor has backed Affera across its funding rounds, including Innogest Capital.

Lead investors include Innogest Capital.


Affera Investors

Investors in Affera by funding rounds participated
InvestorHQRoundsRoleFirst check

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Affera Competitors

Affera competitors include listed companies like Shanghai Haohai and Obsidian Therapeutics, and private ones like Synchron, ZD Medtech, AcuityMD and Ankon Medical Technologies.

Public and private companies comparable to Affera
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SynchronUnited StatesNew York City, NYPrivate--$900M-
ZD MedtechChinaShanghaiPrivate--$900M-
AcuityMDUnited StatesBoston, MAPrivate--$955M-
Shanghai HaohaiChinaChinaPublicly listed$365M$59M$889M1.8x
Ankon Medical TechnologiesChinaWuhanPrivate--$870M-
Obsidian TherapeuticsUnited StatesUnited StatesPublicly listed-($104M)$1.1B-
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Mani Inc.$193M$60M4.0x3.6x12.9x9.7x
CeriBell$89M($50M)9.6x7.9x(17.0x)(14.2x)
Shanghai Haohai$365M$59M1.7x1.8x10.6x10.1x
MedicalSystem Technology$45M$12M18.9x15.6x70.7x62.9x
Bioventus$568M$99M2.0x1.9x11.4x9.4x
InMode$370M$86M0.9x0.9x4.0x4.4x
Kuros Biosciences$146M$9M5.7x4.4x96.7x35.1x
Enovis$2.2B($830M)1.1x1.0x(2.9x)5.7x

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Common questions about Affera

When was Affera founded?Affera was founded in 2015.
Where is Affera headquartered?Affera is headquartered in Boston, MA, United States.
Is Affera publicly listed?No, Affera was acquired by Medtronic in January 2022.
Who acquired Affera?Affera was acquired by Medtronic in January 2022.
How much was Affera acquired for?Affera was acquired for $925M in January 2022.
How much funding has Affera raised?Affera has raised $5M across 1 funding round.
What was Affera's last funding round?Affera's last funding round was a $5M Series A in January 2021, led by Innogest Capital.
Who are Affera's investors?Affera's investors include Innogest Capital.
Which companies are comparable to Affera?Companies comparable to Affera include Synchron, ZD Medtech, AcuityMD, Shanghai Haohai, Ankon Medical Technologies and Obsidian Therapeutics.

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