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Uptake Medical

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Innovative technologies for the treatment of lung diseases

Seattle, United StatesFounded 2005Biotech & Life Sciences
Valuation $100–250M Last recorded · 2012
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
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About Uptake Medical

Uptake Medical, founded in 2005 by Robert Scribner, focused on developing treatments for lung diseases. The company's core offering was the InterVapor® platform, a bronchoscopic thermal vapor ablation system designed for targeted lung volume reduction in patients with severe emphysema. This procedure involved delivering heated water vapor to a specific segment of the lung, inducing a natural healing response that led to volume reduction, thereby improving respiratory mechanics for the patient. This method distinguished itself by not requiring permanent implants. The primary clients for this technology were interventional pulmonologists and thoracic surgeons in hospitals and specialized clinics. Uptake Medical operated within the medical device market, specifically targeting the pulmonology and respiratory care sectors. Its business model centered on the sale of the InterVapor generator and the associated single-use catheters to medical facilities. In 2016, the company was acquired by Broncus Medical, a firm also developing diagnostic and therapeutic technologies for lung conditions. This acquisition integrated Uptake Medical's InterVapor technology into Broncus's broader portfolio, which includes systems for navigating to peripheral lung nodules.

The company's founder, Robert Scribner, brought significant experience from the medical device industry to the venture. Prior to establishing Uptake Medical, he held the position of President and CEO at BEI Medical, a company specializing in gynecological and urological devices that was later acquired by Boston Scientific. His career also includes executive roles at Scimed Life Systems, which also became part of Boston Scientific. This background in leading and successfully exiting medical technology companies provided a strong foundation for developing and navigating the regulatory and commercial pathways for a novel device like InterVapor.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2005
Headquarters
Seattle, United States
Employees
5
Open positions
None listed
Dealroom signal
61.7/100
Industry
Health
Sub-industry
BioTechnology, Medical Devices
Sector
Biotech & Life Sciences, Biotechnology, Lungs, Biotech and Pharma, Hard Tech, DT and LS, science-based
Business model
Manufacturing
Client focus
b2b

Funding history

7 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONOther financing Aug 2016 $0 — Broncus Technologies, Inc. —
DEBTDebt Dec 2015 $1.9M — Undisclosed —
Showing the latest 2 of 7 recorded eventsBook a demo for the full funding history →

Growth signals

Uptake Medical website traffic

Latest recorded traffic for Uptake Medical is 830 monthly website visits, down 56.3% over the last three months. Uptake Medical's team grew 0% over the past year.

Latest monthly visits830 3-month web change-56.3% 1-year team growth0%
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Investments and acquisitions

Capital deployed

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

Investors

9 investors on the cap table

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

Series A7 investors entered at this stage

  • Prism Venture Management
  • WRF Capital
  • Arboretum Ventures
  • Onset Ventures
  • Maverick Ventures
  • Maverick Capital
  • Affinity Capital Management

Series B and later1 investor entered at this stage

  • Crescent Group

Other known investors1 additional known investor

  • Broncus Technologies, Inc.
Team profiled 14 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 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
🇺🇸 United States · Seattle HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Uptake 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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