SetPoint Medical

company

About

SetPoint Medical treats patients with debilitating inflammatory diseases using proprietary implantable bioelectronic devices.

  • 1 - 10

Details

Last Funding Type
Series Unknown
Last Funding Money Raised
$64M
Industries
Biotechnology,Health Care,Medical Device,Neuroscience
Founded date
Jan 1, 2006
Number Of Employee
1 - 10
Operating Status
Active

SetPoint Medical is dedicated to treating patients with debilitating inflammatory diseases, such as Crohn's Disease and rheumatoid arthritis, using proprietary implantable bioelectronic devices. The company developing novel bioelectronic medicine therapies to treat those who suffer from autoimmune diseases such as rheumatoid arthritis, Crohn's Disease, and multiple sclerosis.

The scientific platform is based on the Inflammatory Reflex—the natural mechanism by which the central nervous system regulates the immune system. This mechanism was discovered by SetPoint co-founder Kevin Tracey and published in Nature in May 2000. Since then, the Inflammatory Reflex has been characterized in more than 100 peer reviewed papers in leading scientific journals. Anti-inflammatory potency comparable to leading drugs has been demonstrated in multiple animal models. The company is currently conducting human trials in rheumatoid arthritis at four European centers.

SetPoint's microregulator is intended to supplement the body's natural Inflammatory Reflex by providing 'built-in' therapy at a lower cost and with improved safety compared with drugs or biologic solutions.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
6
$231.69M
SetPoint Medical has raised a total of $231.69M in funding over 2 rounds. Their latest funding was raised on Jan 19, 2023 from a Series Unknown round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jan 19, 2023 Series Unknown $80M 5 Norwest Venture Partners Detail
Jan 27, 2021 Series Unknown $64M 3 Detail
Sep 18, 2019 Series Unknown $15.70M 1 Detail
Aug 28, 2017 Series D $30M 2 Detail
Sep 8, 2015 Series C $14.99M 2 Detail

Investors

Number of Lead Investors
Number of Investors
1
6
SetPoint Medical is funded by 6 investors. Norwest Venture Partners and Boston Scientific are the most recent investors.
Investor Name Lead Investor Funding Round
Norwest Venture Partners Yes Series Unknown
Boston Scientific Series Unknown
Topspin Fund Series Unknown
SVE Capital Series Unknown
Midas Capital Series Unknown
Medtronic Series D