TISSIUM Valuation, Funding & Investors

TISSIUM is valued at $268M as of May 2023.

Last TISSIUM valuation

$268M

Series D · May 2023

Last TISSIUM funding round

$35M

Series D · Jun 2026

Cumulative funding TISSIUM raised

$229M

across 7 funding rounds

Key investors in TISSIUM

  • Sofinnova Partners
  • Bpifrance
  • Omnes Capital
  • Karista
  • Crédit Mutuel Innovation
  • Cathay Capital

TISSIUM Overview

About TISSIUM

TISSIUM is a Paris-headquartered medical device company developing biodegradable sealants and adhesives for surgical wound closure, particularly in minimally invasive procedures. Its NB2M polymer technology, licensed from MIT and Brigham and Women’s Hospital, enables on-demand adhesion in wet environments for vascular, thoracic, and gastrointestinal surgeries. TISSIUM received CE Mark approval for its first product in Europe and conducts clinical trials in the United States.


Founded

2013

HQ

FranceParis

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$268M (May 2023)

TISSIUM Valuation

TISSIUM is currently valued at $268M, based on its Series D in May 2023. Read the announcement ↗

The $54M round included Sofinnova Partners, Mérieux Equity Partners, Crédit Mutuel Innovation, Bpifrance and Cathay Capital.

TISSIUM valuation by funding round

TISSIUM valuation by funding round
DateStageValuation
May 2023Series D$268M

TISSIUM Funding History

TISSIUM has raised a total of $229M across 7 funding rounds.

TISSIUM's first fundraising round was a $11M Series A in December 2013. The most recent completed round was a $35M Series D in June 2026.

TISSIUM funding rounds

TISSIUM funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2026Series D-$35M-Paris-based medtech company Tissium secured a €60 million financing package to expand its sutureless nerve repair platform, COAPTIUM CONNECT, into US operating rooms. The deal consists of two components: a €30 million Series D2 round completed in late 2025, led by an undisclosed US family-owned investor with participation from new family offices, wealthy individuals, and existing backers; and a €30 million credit line from the European Investment Bank, structured in three €10 million tranches contingent on commercial, clinical, and financing milestones. The financing combines dilutive equity and venture debt, with Tissium expecting to draw the first tranche before the end of June 2026. This raise brings Tissium’s total funding to over €200 million since 2013. The company’s first product is already on sale in the US, and it aims to replace the surgeon’s needle with a light-cured glue for peripheral nerve repair. Previous funding includes a €50 million Series C round in 2024 led by Cathay Health, with backing from Sofinnova Partners. Tissium operates offices in Paris and Cambridge, Massachusetts, and develops biopolymer technology for tissue reconstruction and nerve repair.
May 2023Series DSofinnova Partners; Mérieux Equity Partners; Crédit Mutuel Innovation; Bpifrance; Cathay Capital$54M$268MTISSIUM is a privately-owned medtech company based in Paris, France, and Boston, USA, developing biomorphic programmable polymers for tissue reconstruction, including products for sutureless nerve repair (COAPTIUM Connect), hernia repair, and cardiovascular sealants. The company, a spinout associated with Bob Langer, focuses on a platform of seven products enhancing tissue reconstruction. The company closed a Series D funding round on May 23, 2023, raising €50 million ($53.8-54 million) from new investors Fonds Stratégique des Transitions (managed by ISALT), Mérieux Developpement, and returning investors Cathay Health, Crédit Mutuel Innovation, and Sofinnova Partners. The funding supports commercialization of TISSIUM's first products in nerve and hernia repair, ongoing first-in-human studies for nerve repair in Australia, regulatory activities, pipeline extension, in-house manufacturing, and international expansion starting with the US market followed by EU and others. CEO Christophe Bancel noted the financing positions the company to launch products by 2024 despite a challenging funding environment, leveraging the technology's atraumatic repair potential across therapeutic areas. TISSIUM has raised a total of approximately $201-214 million across 11 funding rounds as of mid-2025, with this Series D being the largest at ~$54M; subsequent rounds included debt financing and an accelerator in 2024-2025.
Aug 2021Series CCathay Capital (lead); Sofinnova Partners$59M-TISSIUM is a Paris and Boston-based medtech company developing biomorphic programmable polymers for tissue reconstruction, including products for sutureless nerve repair, hernia repair, and cardiovascular sealants, with complementary delivery and activation devices. On August 31, 2021, TISSIUM closed a €50 million Series C financing round led by Cathay Health (affiliated with Cathay Capital), with participation from existing investors including Sofinnova Partners and other institutional and individual backers. Cathay Health Co-founder and Managing Partner Hongjie Hu joined TISSIUM’s board as part of the financing. The round supports scaling operations, executive team expansion, and advancement toward commercialization of leading products in nerve repair, hernia repair, and cardiovascular sealants. The funding coincides with a period of rapid growth for TISSIUM, enabling execution of its development plan up to product commercialization. Sofinnova Partners, a longstanding investor since the company's early stages, reinforced its shareholding alongside new and existing backers. TISSIUM's technology platform leverages fully biosynthetic, biomorphic, and programmable polymers designed to enhance tissue reconstruction processes uniquely across its pipeline of seven products in three verticals. Subsequent developments include a €50M Series D round in May 2023 with Cathay Health reinvesting alongside new investors like ISALT and Merieux Developpement, and Sofinnova Partners, to fund commercialization of first products and pipeline extension.
Nov 2019Series BKarista; European Investment Fund; Sofinnova Partners; Crédit Mutuel Innovation; Bpifrance; BNP Paribas; Omnes Capital; Valquest Partners$43M-Tissium closed a Series B funding round of about EUR 39 million in November 2019. New investors BNP Paribas Developpement, the European Investment Fund, M&L Investments and ValQuest Partners joined existing shareholders Bpifrance, CM-CIC Innovation, CapDecisif Management, Omnes Capital and Sofinnova Partners, and no single lead investor was named. Tissium said the proceeds would support global expansion of its polymer platform in areas such as nerve repair, cardiovascular and gastroenterology applications, together with an affiliate office in Boston. Jay Watkins also joined as independent chairman after the round, succeeding Bernard Gilly. Tissium, formerly Gecko Biomedical, is a Paris-based medical technology company developing biomorphic programmable polymers for tissue reconstruction and repair, used in applications such as sealants and adhesives for minimally invasive surgery. The company was founded in 2013 and adopted the Tissium name in 2017.
Mar 2016Series ASofinnova Partners (lead); Karista; Crédit Mutuel Innovation; Omnes Capital$26M-Sofinnova Partners led a EUR 22.5 million Series A2 round in Gecko Biomedical, now named TISSIUM, in March 2016, becoming the largest investor in the company. Bpifrance joined as a new investor, and the existing Series A investors Omnes Capital, CM-CIC Innovation and CapDecisif Management took part. Sofinnova's Antoine Papiernik and Bpifrance's Chahra Louafi joined the board of directors. The proceeds were intended to advance the company's biopolymer platform through clinical development. Gecko Biomedical had closed an initial EUR 8 million Series A in December 2013 co-led by Omnes Capital and CM-CIC Capital Finance. The company develops synthetic biomorphic polymers for tissue repair and sealing, with operations in Paris, France.
Jan 2015SeedBpifrance (lead)$2M--
Dec 2013Series ACM-CIC Capital Finance (lead); Omnes Capital (lead); Karista$11M-TISSIUM, formerly Gecko Biomedical, is a Paris-based medical device company founded in 2013, developing biodegradable surgical wound closure solutions using biomorphic programmable polymers for tissue reconstruction, including nerve repair and hernia products. The company raised €8 million ($11 million) in a Series A financing round co-led by Omnes Capital and CM-CIC Capital Finance, with participation from CapDecisif Management and Karista (via CM-CIC). Alexia Perouse of Omnes Capital and Karine Lignel of CM-CIC Capital Innovation joined the board. The funding supported advancement of next-generation tissue adhesives for open and minimally invasive surgery.

Who has invested in TISSIUM?

11 investors have backed TISSIUM across its funding rounds, including Sofinnova Partners, Bpifrance, Omnes Capital, Karista, Crédit Mutuel Innovation and Cathay Capital.

Lead investors include Cathay Capital, Sofinnova Partners, Bpifrance, CM-CIC Capital Finance and Omnes Capital.


TISSIUM Investors

Investors in TISSIUM by funding rounds participated
InvestorHQRoundsRoleFirst check
Sofinnova PartnersFranceParis4LeadMar 2016
KaristaFranceParis3ParticipantDec 2013
Crédit Mutuel InnovationFranceParis3ParticipantMar 2016
BpifranceFranceParis3LeadJan 2015
Omnes CapitalFranceParis3LeadDec 2013
Cathay CapitalFranceParis2LeadAug 2021
CM-CIC Capital FinanceFranceParis1LeadDec 2013
European Investment FundLuxembourgLuxembourg1ParticipantNov 2019
Mérieux Equity PartnersFranceLyon1ParticipantMay 2023

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TISSIUM Competitors

TISSIUM competitors include listed companies like Anika Therapeutics and Dong-A ST, and private ones like Convergent Therapeutics, Restor3d, Toothsi and Unlearn.AI.

Public and private companies comparable to TISSIUM
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Convergent TherapeuticsUnited StatesUnited StatesPrivate--$269M-
Restor3dUnited StatesDurham, NCPrivate--$266M-
ToothsiIndiaMumbaiPrivate--$270M-
Unlearn.AIUnited StatesSan Francisco, CAPrivate--$265M-
Anika TherapeuticsUnited StatesUnited StatesPublicly listed$113M($5M)$260M2.2x
Dong-A STSouth KoreaSouth KoreaPublicly listed$604M$6M$252M0.8x

TISSIUM Public Comps

TISSIUM is still privately-owned, but its public comps include Quantum-Si, Anika Therapeutics, InfuSystem, Treace Medical Concepts, Dong-A ST, Profound Medical, Medipost, Sanara MedTech, Eurobio Scientific and Standard BioTools.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Quantum-Si$2M($106M)86.7x156.3x(2.0x)(2.4x)
Anika Therapeutics$113M($5M)2.4x2.2x(50.2x)15.1x
InfuSystem$143M$25M2.1x2.1x12.0x9.4x
Treace Medical Concepts$213M($46M)1.5x1.5x(6.9x)(84.2x)
Dong-A ST$604M$6M0.8x0.8x81.6x9.2x
Profound Medical$16M($43M)13.0x8.6x(4.9x)(6.8x)
Medipost$55M($61M)3.8x4.3x(3.5x)(8.9x)
Sanara MedTech$103M$10M3.2x2.9x32.5x18.3x

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Common questions about TISSIUM

When was TISSIUM founded?TISSIUM was founded in 2013.
Where is TISSIUM headquartered?TISSIUM is headquartered in Paris, France.
Is TISSIUM publicly listed?No, TISSIUM is a private, VC-backed company.
What is TISSIUM's valuation?TISSIUM was last valued at $268M in its Series D in May 2023.
How much funding has TISSIUM raised?TISSIUM has raised $229M across 7 funding rounds.
What was TISSIUM's last funding round?TISSIUM's last funding round was a $35M Series D in June 2026.
Who are TISSIUM's investors?TISSIUM's investors include Sofinnova Partners, Karista, Crédit Mutuel Innovation, Bpifrance, Omnes Capital, Cathay Capital, CM-CIC Capital Finance, European Investment Fund, Mérieux Equity Partners, BNP Paribas and 1 other.
Which companies are comparable to TISSIUM?Companies comparable to TISSIUM include Convergent Therapeutics, Restor3d, Toothsi, Unlearn.AI, Anika Therapeutics and Dong-A ST.

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