EndoSound, Inc
A $450,000 Diagnostic Scan, Now for $60,000 at the Surgery Center
https://wefunder.com/endosound
Total raised on Wefunder: 2366091
Total investors: 650
Quick facts
- First FDA-cleared system that adds endoscopic ultrasound capability to any standard gastroscope
- $12M+ raised from GeoMedTech, AGA GI Fund, and founders, plus a $5M license deal w/ major GI company
- Hybrid revenue model: $60K per system sold plus $650 per procedure at roughly 95% margins
- 1,000+ procedures completed across 17 active clinical sites with 95%+ physician acceptance
- Repeat founder: Co-Founder and CTO previously sold MicroConnex to Carlisle Interconnect Technologies
- 10 patents awarded and 10 pending on the core detection technology
- Named GI Innovation of the Year (2022) by the American Society for Gastrointestinal Endoscopy
- $19B+ market , with 80% of hospitals and 97% of ambulatory surgery centers still unable to offer EUS
Investor memo sources
- Kingscrowd Capital: https://wefunder.com/memos/feed/185311-endosound-investment-memo (not paid for by company)