- Companies
- SyMap Medical
SyMap Medical Funding, Investors & Competitors
SyMap Medical has raised $110M across 2 funding rounds, most recently a $100M Series E in December 2021.
Last SyMap Medical funding round
$100M
Series E · Dec 2021
Cumulative funding SyMap Medical raised
$110M
across 2 funding rounds
Key investors in SyMap Medical
HSG
Primavera Capital Group
VMS Asset Management
Ming Bioventures
Kington Capital
Simiao Capital
SyMap Medical Overview
About SyMap Medical
SyMap Medical is a medical device company developing a catheter-based renal denervation system for treating hypertension, heart failure, and chronic kidney disease. The SyMap RF platform uses intraluminal ultrasound and radiofrequency ablation to map and disrupt overactive renal nerves selectively. Based in Mountain View, California, it conducts clinical trials in Europe and the United States.
Founded
2012
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
SyMap Medical Funding History
SyMap Medical has raised a total of $110M across 2 funding rounds.
SyMap Medical's first fundraising round was a $10M Series C in November 2018. The most recent completed round was a $100M Series E in December 2021.
SyMap Medical funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Dec 2021 | Series E | Primavera Capital Group (lead); VMS Asset Management (lead); Simiao Capital; HSG | $100M | SyMap Medical is a China-based medical device company headquartered in BioBay, Suzhou, founded by Jie Wang and Kewen Jin. The company develops device-based therapies for cardiovascular and pulmonary diseases, with a primary focus on renal denervation (RDN) systems for treating resistant hypertension and advanced catheter-based treatments for severe asthma. The company's flagship product, the SyMapCath I catheter paired with the Sympioneer S1 radiofrequency (RF) system, uses proprietary technology to map renal nerves for selective renal sympathetic denervation with real-time feedback for physicians. In December 2021, SyMap Medical closed a Series E financing round of approximately $100 million led by Primavera Capital and VMS Group, with participation from existing investors Simiao Equity Investment and Sequoia Capital China, and CEC Capital serving as exclusive financial advisor. The funding was earmarked to accelerate global clinical trials for the company's renal denervation products, facilitate next-generation renal mapping and selective RDN systems, advance interventional pulmonary products, and codevelop technologies with partners in the United States and Israel. At the time of the round, SyMap was conducting two pivotal clinical trials in China: the SMART Study (Sympathetic Mapping/Ablation of Renal Nerves Trial) evaluating the SyMapCath I catheter and Sympioneer S1 RF system for uncontrolled hypertension treatment, and the BATA Study assessing the efficacy and safety of the Elation system for severe asthma via bronchial radiofrequency ablation. The round reflected strong investor confidence in the renal denervation market, which was expanding rapidly, though the market remained limited by lack of long-term clinical data and regulatory constraints in major markets outside China at that time. |
| Nov 2018 | Series C | Ming Bioventures (lead); Kington Capital | $10M | - |
Who has invested in SyMap Medical?
6 investors have backed SyMap Medical across its funding rounds, including HSG, Primavera Capital Group, VMS Asset Management, Ming Bioventures, Kington Capital and Simiao Capital.
Lead investors include Primavera Capital Group, VMS Asset Management and Ming Bioventures.
SyMap Medical Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Dec 2021 | ||
| 1 | Lead | Dec 2021 | ||
| 1 | Lead | Dec 2021 | ||
| 1 | Lead | Nov 2018 | ||
This data is available for Pro users. Sign up to see all 6 SyMap Medical investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialSyMap Medical Competitors
SyMap Medical competitors include listed companies like Johnson & Johnson and Roche, and private ones like Biosplice Therapeutics, Biomat USA, ArsenalBio and BioRay Pharmaceuticals.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $94B | $40B | $651B | 6.8x | ||
| Publicly listed | $77B | $26B | $351B | 4.9x | ||
| Private | - | - | $12B | - | ||
| Private | - | - | $4.2B | - | ||
| Private | - | - | $1.9B | - | ||
| Private | $131M | - | $1.9B | 14.5x |
SyMap Medical Public Comps
SyMap Medical is still privately-owned, but its public comps include Samsung, Eli Lilly, Johnson & Johnson, AbbVie, Merck, Roche, Novartis, AstraZeneca, Thermo Fisher Scientific and Siemens.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $243B | $67B | 4.4x | 2.4x | 15.8x | 4.4x | |||
| $65B | $28B | 16.5x | 13.1x | 38.7x | 27.0x | |||
| $94B | $40B | 7.2x | 6.8x | 17.0x | 18.3x | |||
| $61B | $17B | 8.7x | 8.1x | 30.6x | 17.6x | |||
| $65B | $28B | 6.3x | 6.2x | 14.7x | 21.0x | |||
| $77B | $26B | 5.0x | 4.9x | 14.6x | 12.4x | |||
| $57B | $22B | 5.5x | 5.5x | 14.2x | 13.3x | |||
| $59B | $19B | 4.8x | 4.5x | 14.6x | 12.7x | |||
This data is available for Pro users. Sign up to see all SyMap Medical competitors and their valuation data. Start Free Trial | ||||||||
Common questions about SyMap Medical
| When was SyMap Medical founded? | SyMap Medical was founded in 2012. |
| Where is SyMap Medical headquartered? | SyMap Medical is headquartered in Suzhou, China. |
| Is SyMap Medical publicly listed? | No, SyMap Medical is a private, VC-backed company. |
| How much funding has SyMap Medical raised? | SyMap Medical has raised $110M across 2 funding rounds. |
| What was SyMap Medical's last funding round? | SyMap Medical's last funding round was a $100M Series E in December 2021, led by Primavera Capital Group and VMS Asset Management. |
| Who are SyMap Medical's investors? | SyMap Medical's investors include Simiao Capital, Primavera Capital Group, VMS Asset Management, Ming Bioventures, HSG and Kington Capital. |
| Which companies are comparable to SyMap Medical? | Companies comparable to SyMap Medical include Johnson & Johnson, Roche, Biosplice Therapeutics, Biomat USA, ArsenalBio and BioRay Pharmaceuticals. |
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