Avail Medsystems Funding, Investors & Competitors

Avail Medsystems has raised $128M across 3 funding rounds, most recently a $100M Series B in October 2020.

Last Avail Medsystems funding round

$100M

Series B · Oct 2020

Cumulative funding Avail Medsystems raised

$128M

across 3 funding rounds

Key investors in Avail Medsystems

  • Baidu Ventures
  • Playground Global
  • 8VC
  • Lux Capital
  • Coatue
  • D1 Capital Partners
  • Refactor
  • GRIDS Capital

Avail Medsystems Overview

About Avail Medsystems

Avail Medsystems is a Silicon Valley-headquartered digital surgery platform founded in 2017 that equips procedure rooms with integrated hardware and software. The system supports telepresence for remote expert collaboration and cloud hosting for surgical video capture. Avail enables MedTech firms and hospitals to streamline device training and procedure documentation.


Founded

2017

HQ

United StatesSan Jose, CA

Website

avail.io

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Avail Medsystems Funding History

Avail Medsystems has raised a total of $128M across 3 funding rounds.

Avail Medsystems' first fundraising round was a $13M Series A in May 2018. The most recent completed round was a $100M Series B in October 2020.

Avail Medsystems funding rounds

Avail Medsystems funding rounds
DateStageInvestorsRaisedDeal Summary
Oct 2020Series BD1 Capital Partners (lead); 8VC$100MAvail Medsystems is a medical technology company developing Procedural Telemedicine technology for operating rooms and procedure rooms, enabling remote access to clinical expertise in specialties like cardiovascular interventions, neurology, electrophysiology, orthopedics, and general surgery. On October 7, 2020, the company raised $100 million in Series B funding led by D1 Capital Partners, with participation from 8VC and existing investors including Lux Capital, Coatue, Sonder Capital, Playground Global, Baidu Ventures, and Refractor Capital. This followed a prior $25 million in Series A and Series A-1 funding. The new capital is intended to expand the Avail System into additional clinical specialties, enhance penetration in existing ones, improve access to medical expertise, reduce time and costs for healthcare facilities, medical device companies, and patients, and accelerate adoption of new medical technologies. D1 Capital Partners highlighted Avail's role in addressing systemic problems in the medical community through innovative solutions, aiming to bring Procedural Telemedicine to hospitals and surgery centers globally. The funding reflects strong investor interest in digital health, as part of a robust Q4 2020 for the sector totaling billions across numerous raises.
Mar 2020Series ACoatue (lead); Lux Capital (lead); Sonder Capital (lead); GRIDS Capital; Refactor; Baidu Ventures; Playground Global$15MAvail Medsystems is a healthcare technology company that provides real-time collaboration platforms for operating rooms, connecting surgeons to remote medical experts during procedures. The company was founded in 2017 and developed built-for-operating-room audio/visual hardware paired with software enabling remote users to control video views and imaging systems. Avail was later acquired by Mendaera, Inc., which sought to combine the telepresence technology with robotics, real-time imaging, and AI to improve care delivery accessibility. At the time of acquisition, the company had completed multiple funding rounds totaling $125 million from investors including Coatue, Lux Capital, Baidu Ventures, and others.
May 2018Series ABaidu Ventures; Playground Global; Sahsen Ventures$13M-

Who has invested in Avail Medsystems?

10 investors have backed Avail Medsystems across its funding rounds, including Baidu Ventures, Playground Global, 8VC, Lux Capital, Coatue and D1 Capital Partners.

Lead investors include D1 Capital Partners, Coatue, Lux Capital and Sonder Capital.


Avail Medsystems Investors

Investors in Avail Medsystems by funding rounds participated
InvestorHQRoundsRoleFirst check
Baidu VenturesChinaBeijing2ParticipantMay 2018
Playground GlobalUnited StatesSan Francisco, CA2ParticipantMay 2018
GRIDS CapitalBrazilSão Paulo1ParticipantMar 2020
Sonder CapitalUnited StatesSan Francisco, CA1LeadMar 2020
8VCUnited StatesSan Francisco, CA1ParticipantOct 2020
Lux CapitalUnited StatesNew York City, NY1LeadMar 2020
RefactorUnited StatesSan Francisco, CA1ParticipantMar 2020
D1 Capital PartnersUnited StatesNew York City, NY1LeadOct 2020

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Avail Medsystems Competitors

Avail Medsystems competitors include listed companies like IDEXX Laboratories, GE HealthCare, United Imaging and Glaukos, and private ones like Dental Monitoring and AcuityMD.

Public and private companies comparable to Avail Medsystems
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
IDEXX LaboratoriesUnited StatesUnited StatesPublicly listed$4.3B$1.5B$40B8.9x
GE HealthCareUnited StatesUnited StatesPublicly listed$21B$3.7B$29B1.8x
United ImagingChinaChinaPublicly listed$2.1B$367M$12B4.8x
GlaukosUnited StatesUnited StatesPublicly listed$507M($157M)$9.5B14.6x
Dental MonitoringFranceParisPrivate$91M-$1B-
AcuityMDUnited StatesBoston, MAPrivate--$955M-

Avail Medsystems Public Comps

Avail Medsystems is still privately-owned, but its public comps include Samsung, Johnson & Johnson, Roche, Thermo Fisher Scientific, Siemens, Abbott, Danaher, Intuitive Surgical, Medtronic and Stryker.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Samsung$243B$67B4.4x2.4x15.8x4.4x
Johnson & Johnson$94B$40B7.2x6.8x17.0x18.3x
Roche$77B$26B5.0x4.9x14.6x12.4x
Thermo Fisher Scientific$45B$11B6.3x6.0x26.8x23.6x
Siemens$91B$15B3.0x2.9x18.1x15.7x
Abbott$44B$12B4.6x4.2x17.4x15.8x
Danaher$25B$6.9B7.0x6.6x24.8x21.1x
Intuitive Surgical$10B$3.6B13.0x11.6x36.6x25.7x

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Common questions about Avail Medsystems

When was Avail Medsystems founded?Avail Medsystems was founded in 2017.
Where is Avail Medsystems headquartered?Avail Medsystems is headquartered in San Jose, CA, United States.
Is Avail Medsystems publicly listed?No, Avail Medsystems is a private, VC-backed company.
How much funding has Avail Medsystems raised?Avail Medsystems has raised $128M across 3 funding rounds.
What was Avail Medsystems' last funding round?Avail Medsystems' last funding round was a $100M Series B in October 2020, led by D1 Capital Partners.
Who are Avail Medsystems' investors?Avail Medsystems' investors include Baidu Ventures, Playground Global, GRIDS Capital, Sonder Capital, 8VC, Lux Capital, Refactor, D1 Capital Partners, Sahsen Ventures and Coatue.
Which companies are comparable to Avail Medsystems?Companies comparable to Avail Medsystems include IDEXX Laboratories, GE HealthCare, United Imaging, Glaukos, Dental Monitoring and AcuityMD.

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