Rapid Medical Valuation, Funding & Investors

Rapid Medical is valued at $1.3B as of May 2021.

Last Rapid Medical valuation

$1.3B

Series D · May 2021

Last Rapid Medical funding round

$50M

Series D · May 2021

Cumulative funding Rapid Medical raised

$79M

across 3 funding rounds

Key investors in Rapid Medical

  • CPE
  • BRM Capital
  • Gefen Capital
  • Deep Insight
  • Agate Medical Investments
  • Winnovation

Rapid Medical Overview

About Rapid Medical

Rapid Medical is an Israeli medical technology company that develops minimally invasive devices for the treatment and prevention of stroke. Its products include the Tigertriever revascularization device and the Comaneci adjustable remodeling mesh, both used in neurovascular procedures. Rapid Medical has partnered with MicroPort, which holds exclusive commercial rights to three of the company's flagship products in Greater China.


Founded

2008

HQ

IsraelIsrael

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$1.3B (May 2021)

Rapid Medical Valuation

Rapid Medical is currently valued at $1.3B, based on its Series D in May 2021.

The $50M round was led by MicroPort (Shanghai), with participation from CPE and Deep Insight.

Rapid Medical valuation by funding round

Rapid Medical valuation by funding round
DateStageValuation
May 2021Series D$1.3B

Rapid Medical Funding History

Rapid Medical has raised a total of $79M across 3 funding rounds.

Rapid Medical's first fundraising round was a $9M Series B in July 2017. The most recent completed round was a $50M Series D in May 2021.

Rapid Medical funding rounds

Rapid Medical funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2021Series DMicroPort (Shanghai) (lead); CPE; Deep Insight$50M$1.3BRapid Medical is an Israeli company specializing in neurovascular treatment devices. In May 2021, a MicroPort subsidiary led a $50 million Series D investment in Rapid Medical, granting MicroPort exclusive commercial rights for three flagship products in Greater China. This round followed an earlier Feb 2021 equity financing of $150 million at a post-money valuation of $1.25 billion. MicroPort announced the strategic investment in its 2021 interim results, planning deepened cooperation in neurovascular disease treatment.
Apr 2019Series CJAM Capital Partners (lead); MicroPort Orthopedics (lead); Agate Medical Investments; RocSon Medtech Fund$20M--
Jul 2017Series BShanghai-Israel Investment Fund (lead); Gefen Capital; Winnovation; BRM Capital$9M-Rapid Medical, an Israeli medtech company, develops minimally invasive devices for stroke treatment and prevention. In July 2017, it raised $9 million in a Series B financing round co-led by Shanghai-Israel Investment Fund and BRM Group, with participation from Gefen Capital and Winnovation. The funds supported commercialization of the Tigertriever revascularization device and Comaneci adjustable remodeling mesh.

Who has invested in Rapid Medical?

11 investors have backed Rapid Medical across its funding rounds, including CPE, BRM Capital, Gefen Capital, Deep Insight, Agate Medical Investments and Winnovation.

Lead investors include MicroPort (Shanghai), JAM Capital Partners, MicroPort Orthopedics and Shanghai-Israel Investment Fund.


Rapid Medical Investors

Investors in Rapid Medical by funding rounds participated
InvestorHQRoundsRoleFirst check
CPEChinaBeijing1ParticipantMay 2021
Deep InsightIsraelIsrael1ParticipantMay 2021
Gefen CapitalIsraelHerzliya1ParticipantJul 2017
Shanghai-Israel Investment FundChinaChina1LeadJul 2017
Agate Medical InvestmentsIsraelTel Aviv1ParticipantApr 2019
MicroPort OrthopedicsUnited StatesWashington, DC1LeadApr 2019
JAM Capital PartnersUnited StatesBrunswick, GA1LeadApr 2019
RocSon Medtech FundCayman IslandsGeorge Town1ParticipantApr 2019
WinnovationUnited StatesSan Jose, CA1ParticipantJul 2017

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Rapid Medical Competitors

Rapid Medical competitors include listed companies like Weigao Group and VCANBIO, and private ones like FibroGen, Wilson Wolf Corporation, Equashield and EverlyWell.

Public and private companies comparable to Rapid Medical
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Weigao GroupChinaChinaPublicly listed$227M$56M$1.3B4.7x
VCANBIOChinaChinaPublicly listed$217M$44M$1.3B4.3x
FibroGenUnited StatesSan Francisco, CAPrivate$108M-$1.2B11.3x
Wilson Wolf CorporationUnited StatesSaint Paul, MNPrivate-$55M$1.3B-
EquashieldUnited StatesNew York City, NYPrivate--$1.3B-
EverlyWellUnited StatesAustin, TXPrivate$100M-$1.3B13.0x

Rapid Medical Public Comps

Rapid Medical is still privately-owned, but its public comps include Weigao Group, VCANBIO, Vitrolife, Sinocare, Tandem Diabetes Care, Arcs Co, Medartis, MicroPort EP, SonoScape and Integra Lifesciences.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Weigao Group$227M$56M4.6x4.7x18.6x13.4x
VCANBIO$217M$44M4.6x4.3x22.8x25.1x
Vitrolife$351M($449M)3.8x3.7x(3.0x)11.9x
Sinocare$695M$43M1.9x1.8x31.0x15.3x
Tandem Diabetes Care$1B($186M)1.5x1.4x(8.0x)58.2x
Arcs Co$4B$185M0.2x0.2x4.8x4.9x
Medartis$328M$54M4.7x4.0x28.4x22.3x
MicroPort EP$69M$13M14.4x12.8x79.8x73.4x

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Common questions about Rapid Medical

When was Rapid Medical founded?Rapid Medical was founded in 2008.
Where is Rapid Medical headquartered?Rapid Medical is headquartered in Israel.
Is Rapid Medical publicly listed?No, Rapid Medical is a private, VC-backed company.
What is Rapid Medical's valuation?Rapid Medical was last valued at $1.3B in its Series D in May 2021.
How much funding has Rapid Medical raised?Rapid Medical has raised $79M across 3 funding rounds.
What was Rapid Medical's last funding round?Rapid Medical's last funding round was a $50M Series D in May 2021, led by MicroPort (Shanghai).
Who are Rapid Medical's investors?Rapid Medical's investors include CPE, Deep Insight, Gefen Capital, Shanghai-Israel Investment Fund, Agate Medical Investments, MicroPort Orthopedics, JAM Capital Partners, RocSon Medtech Fund, Winnovation, BRM Capital and 1 other.
Which companies are comparable to Rapid Medical?Companies comparable to Rapid Medical include Weigao Group, VCANBIO, FibroGen, Wilson Wolf Corporation, Equashield and EverlyWell.

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