Cerus Endovascular Acquisition, Valuation, Funding & Investors

Cerus Endovascular was acquired by Stryker for $525M in May 2023, a 43.4x multiple on $12M of revenue.

Cerus Endovascular acquisition price

$525M

Acquired by Stryker · May 2023

Cerus Endovascular revenue at acquisition

$12M

Last twelve months · May 2023

Cerus Endovascular revenue multiple at acquisition

43.4x

EV/Revenue · May 2023

Cumulative funding Cerus Endovascular raised

$2M

across 1 funding round

Cerus Endovascular Overview

About Cerus Endovascular

Cerus Endovascular is an Oxford-based medical device company developing neurovascular treatments for aneurysms. Founded in 2011, it markets the eCLIPSE occluder system as an alternative to coiling and clipping, deployed in hospitals throughout Europe and the US.


Founded

2011

HQ

United KingdomOxford

Status

Acquired

Customer focus

B2B

Revenue model

Product sales

Revenue

$12M (May 2023)

Valuation

$525M (acquired May 2023)

Cerus Endovascular Acquisition

Cerus Endovascular was acquired by Stryker for $525M on 2 May 2023.

The acquisition price implies a 43.4x revenue multiple on $12M of revenue.

Before the acquisition Cerus Endovascular had raised $2M across 1 funding round.

Cerus Endovascular acquisition details
AcquirerDateTypePriceEV/Revenue
2 May 2023Strategic M&A$525M43.4x

Cerus Endovascular Funding History

Cerus Endovascular has raised a total of $2M across 1 funding round.

Cerus Endovascular funding rounds

Cerus Endovascular funding rounds
DateStageInvestorsRaised
Jun 2013SeedTim Dempsey; The North West Fund; Mid Atlantic Bio Angels$2M

Who has invested in Cerus Endovascular?

3 investors have backed Cerus Endovascular across its funding rounds, including The North West Fund, Mid Atlantic Bio Angels and Tim Dempsey.


Cerus Endovascular Investors

Investors in Cerus Endovascular by funding rounds participated
InvestorHQRoundsRoleFirst check
Tim DempseyUnited KingdomUnited Kingdom1ParticipantJun 2013

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Cerus Endovascular Competitors

Cerus Endovascular competitors include listed companies like Ocumension and Kamada, and private ones like Shoreline Biosciences, Precision Neuroscience, Strand Therapeutics and Kai Medtech.

Public and private companies comparable to Cerus Endovascular
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Shoreline BiosciencesUnited StatesUnited StatesPrivate--$528M-
Precision NeuroscienceUnited StatesNew York City, NYPrivate--$543M-
OcumensionChinaChinaPublicly listed$120M($3M)$548M-
Strand TherapeuticsUnited StatesUnited StatesPrivate--$550M-
KamadaIsraelIsraelPublicly listed$180M$37M$501M2.3x
Kai MedtechChinaShanghaiPrivate--$500M-

Cerus Endovascular Public Comps

Cerus Endovascular is no longer listed, but its public comps include Cerus, SD Biosensor, Tactile Medical, IBA Group, BrainsWay, Ocumension, Kamada, The Beauty Tech Group, Senseonics Holdings and Delcath Systems.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Cerus$206M($5M)2.7x2.2x(112.8x)42.1x
SD Biosensor$517M($509M)0.8x-(0.8x)-
Tactile Medical$330M$36M1.3x1.2x12.3x9.1x
IBA Group$714M$40M0.8x0.8x14.8x10.5x
BrainsWay$52M$7M9.3x7.6x71.7x41.7x
Ocumension$120M($3M)4.1x-(178.3x)-
Kamada$180M$37M2.5x2.3x11.9x9.2x
The Beauty Tech Group$189M$37M2.4x2.1x12.1x7.7x

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Common questions about Cerus Endovascular

When was Cerus Endovascular founded?Cerus Endovascular was founded in 2011.
Where is Cerus Endovascular headquartered?Cerus Endovascular is headquartered in Oxford, United Kingdom.
Is Cerus Endovascular publicly listed?No, Cerus Endovascular was acquired by Stryker in May 2023.
Who acquired Cerus Endovascular?Cerus Endovascular was acquired by Stryker in May 2023.
How much was Cerus Endovascular acquired for?Cerus Endovascular was acquired for $525M in May 2023, a 43.4x revenue multiple.
How much funding has Cerus Endovascular raised?Cerus Endovascular has raised $2M across 1 funding round.
What was Cerus Endovascular's last funding round?Cerus Endovascular's last funding round was a $2M seed round in June 2013.
Who are Cerus Endovascular's investors?Cerus Endovascular's investors include Tim Dempsey, The North West Fund and Mid Atlantic Bio Angels.
Which companies are comparable to Cerus Endovascular?Companies comparable to Cerus Endovascular include Shoreline Biosciences, Precision Neuroscience, Ocumension, Strand Therapeutics, Kamada and Kai Medtech.

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