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

Team profiles

Featured investor profiles

Invest in EndoSound, Inc

A $450,000 Diagnostic Scan, Now for $60,000 at the Surgery Center

$915,719

of a $3,548,628 goal
INVESTMENT TERMS
Preferred Stock
$30M pre-money valuation $1.26 per share

What Investors Say

LEAD INVESTOR
I’m investing in EndoSound because I believe they are solving a meaningful problem in Gastroenterology by expanding access to endoscopic ultrasound (EUS) and bringing advanced capabilities into new care settings. Their technology has the potential to improve clinical outcomes while also creating operational and financial value for providers. After spending time with the team and understanding the vision, I believe they have the opportunity to redefine how EUS is delivered.
What People Say