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Neptune Medical

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Developing, manufacturing, and commercializing high-volume, high clinical utility medical devices, initially focused on gastroenterology. Visit the website below for more information

Burlingame, United StatesFounded 2016Health Tech & Medtech
Valuation $500M–1B Last recorded · 2024
Headcount 100–500 Current team size
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Neptune Medical and the history behind them.

About Neptune Medical

Pathfinder is a pioneering medical device company specializing in the development of a novel rigidizing overtube designed to improve the control and stability of endoscopes during gastrointestinal (GI) procedures. The company's primary product, the Pathfinder overtube, addresses the common issue of loop formation in endoscopic procedures, which can complicate and prolong diagnostic and therapeutic interventions. By allowing the overtube to toggle instantly from flexible to rigid, Pathfinder enhances the precision and ease of endoscope navigation, making it particularly valuable in complex cases involving altered anatomy.

Pathfinder serves healthcare providers and medical professionals who perform GI procedures, including luminal therapeutics and Endoscopic Retrograde Cholangiopancreatography (ERCP). The company operates within the medical device market, focusing on innovations that improve procedural outcomes and patient care. Pathfinder's business model revolves around the sale of its overtube devices to hospitals, clinics, and medical centers, generating revenue through direct sales and potential partnerships with medical equipment distributors.

The company's value proposition lies in its ability to simplify traditionally complex GI procedures, reduce procedural time, and enhance the overall effectiveness of endoscopic interventions. By providing a reliable solution to the problem of endoscope looping, Pathfinder aims to improve the efficiency and success rates of GI procedures, ultimately benefiting both healthcare providers and patients.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2016
Headquarters
Burlingame, United States
Employees
169
Open positions
5
Dealroom signal
55.3/100
Industry
Health
Sub-industry
Medical Devices
Sector
Health Tech & Medtech, Surgery, Gastroenterology, Hard Tech, DT and LS, science-based
Technology
Deep Tech
Business model
Manufacturing
Client focus
b2b
Investment activity
1 company, latest Aug 2024
Capital deployed
$0
Preferred round
CORPORATE SPINOUT

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES DOther financing Aug 2024 $97M $388M Sonder Capital · Olympus America ↗
FundingOther financing May 2020 $0 — Undisclosed —
Showing the latest 2 of 3 recorded eventsBook a demo for the full funding history →

Growth signals

Neptune Medical website traffic

Latest recorded traffic for Neptune Medical is 2.4K monthly website visits, up 71.4% over the last three months. Neptune Medical's team grew 10.5% over the past year.

Latest monthly visits2.4K 3-month web change+71.4% 1-year team growth+10.5%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

3 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series B and later2 investors entered at this stage

  • Sonder Capital
  • Olympus America

Other known investors1 additional known investor

  • Synergy Ventures
Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇺🇸 United States99.2%
🇧🇩 Bangladesh0.8%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Neptune Medical on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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