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
Website
Status
Acquired
Customer focus
B2B
Revenue model
Product sales
Valuation
$925M (acquired Jan 2022)
Sectors
Affera Acquisition
Affera was acquired by Medtronic for $925M on 10 January 2022.
Before the acquisition Affera had raised $5M across 1 funding round.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 10 Jan 2022 | Strategic M&A | $925M |
Affera Funding History
Affera has raised a total of $5M across 1 funding round.
Affera funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jan 2021 | Series A | Innogest Capital (lead) | $5M | Affera 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAffera Competitors
Affera competitors include listed companies like Shanghai Haohai and Obsidian Therapeutics, and private ones like Synchron, ZD Medtech, AcuityMD and Ankon Medical Technologies.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $900M | - | ||
| Private | - | - | $900M | - | ||
| Private | - | - | $955M | - | ||
| Publicly listed | $365M | $59M | $889M | 1.8x | ||
| Private | - | - | $870M | - | ||
| Publicly listed | - | ($104M) | $1.1B | - |
Affera Public Comps
Affera is no longer listed, but its public comps include Mani Inc., CeriBell, Shanghai Haohai, MedicalSystem Technology, Bioventus, InMode, Kuros Biosciences, Enovis, Advanced Medical Solutions Group and Anteris Technologies US.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $193M | $60M | 4.0x | 3.6x | 12.9x | 9.7x | |||
| $89M | ($50M) | 9.6x | 7.9x | (17.0x) | (14.2x) | |||
| $365M | $59M | 1.7x | 1.8x | 10.6x | 10.1x | |||
| $45M | $12M | 18.9x | 15.6x | 70.7x | 62.9x | |||
| $568M | $99M | 2.0x | 1.9x | 11.4x | 9.4x | |||
| $370M | $86M | 0.9x | 0.9x | 4.0x | 4.4x | |||
| $146M | $9M | 5.7x | 4.4x | 96.7x | 35.1x | |||
| $2.2B | ($830M) | 1.1x | 1.0x | (2.9x) | 5.7x | |||
This data is available for Pro users. Sign up to see all Affera competitors and their valuation data. Start Free Trial | ||||||||
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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