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Portal Instruments

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Our needle-free delivery system administers a narrow stream of medication, about the size of a strand of hair, through the skin in less than half a second

Cambridge, United StatesFounded 2012Health Tech & Medtech
Valuation $100–250M Last recorded · 2022
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Portal Instruments and the history behind them.

About Portal Instruments

Portal Instruments, a medical device company established in 2012, is advancing the field of drug delivery for chronic diseases. The firm is currently a clinical-stage entity, indicating its products are undergoing human testing. Its core technology, a needle-free injection system, originated from research conducted at the Massachusetts Institute of Technology (MIT). The company was co-founded by CEO Patrick Anquetil, an entrepreneur with a Ph.D. from MIT, and Professor Ian Hunter, the Hatsopoulos Professor of Mechanical Engineering at MIT, whose work in bio-instrumentation and robotics laid the scientific groundwork for the company's platform. This foundational research at MIT's BioInstrumentation Laboratory focused on developing a controllable, needle-free method for administering medicine.

Portal Instruments is developing a device designed to administer biologic drugs without the use of needles, aiming to improve the experience for patients with chronic conditions who require frequent self-injections. The technology employs a computer-controlled linear actuator to propel a fine stream of medication—as thin as a human hair—through the skin. This method allows for the rapid, one-tenth-of-a-second administration of viscous drugs that are typically challenging to inject. The device is intended to be a reusable handheld applicator with single-use, disposable cartridges, separating the drug from the device itself. This system is also designed with connectivity in mind, featuring capabilities to automatically track injection history and transmit this data to a patient's healthcare provider, thereby enhancing adherence monitoring.

The company targets the large and growing biologics market, which includes treatments for chronic autoimmune diseases like rheumatoid arthritis and Crohn's disease. Its business model appears to be centered on partnerships with pharmaceutical companies, positioning its device as a delivery solution for their specific biologic drugs. This strategy allows for co-development and regulatory submissions tailored to a particular therapy. The company has secured Series C funding and counts institutional and strategic investors, including the pharmaceutical firm Sanofi, among its backers. While the device is not yet commercially available, it represents a significant effort to shift the paradigm of self-administered therapies from traditional needle-based methods to a digitally integrated, needle-free alternative.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2012
Headquarters
Cambridge, United States
Employees
22
Open positions
None listed
Dealroom signal
66.7/100
Industry
Health
Sub-industry
Medical Devices
Sector
Health Tech & Medtech, Dermatology, Chronic Disease, Hard Tech, DT and LS, science-based
Technology
Deep Tech
Business model
Manufacturing
Client focus
b2b

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VCOther financing Apr 2022 $7M $125M Undisclosed ↗
EARLY VCOther financing Oct 2017 $6M $24M Takeda —
Showing the latest 2 of 5 recorded eventsBook a demo for the full funding history →

Growth signals

Portal Instruments website traffic

Latest recorded traffic for Portal Instruments is 1.8K monthly website visits, up 104.5% over the last three months. Portal Instruments's team grew 4.8% over the past year.

Latest monthly visits1.8K 3-month web change+104.5% 1-year team growth+4.8%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

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

Investors

6 investors on the cap table

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

Series A3 investors entered at this stage

  • Sanofi
  • 5AM Ventures
  • Takeda

Series B and later3 investors entered at this stage

  • Sanofi Ventures
  • PBJ Capital
  • 3M
Team profiled 7 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
4 countries with
team presence
🇺🇸 United States79%
🇨🇭 Switzerland10.5%
🇮🇱 Israel5.3%
🇨🇦 Canada5.3%
4 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Portal Instruments 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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