NDI

NDI Medical LLC, founded in 2002 and based in Cleveland, Ohio, operates as a venture capital firm and medical device incubator. The firm focuses on seed and startup stage investments in innovative neurostimulation technologies and medical devices aimed at addressing significant health conditions affecting the brain and nervous system. NDI Medical seeks to develop high-growth companies in sectors such as neurodevices, stimulators, surgical equipment, and related software. Its team comprises experienced entrepreneurs, scientists, and professionals well-versed in clinical and regulatory affairs, product development, quality assurance, and finance. Additionally, NDI Medical has offices in Chapel Hill, North Carolina, and Minneapolis, Minnesota.

Leonard Cosentino

Managing Director, Vice President of Strategic Initiatives and General Counsel

Robert Strother

Vice President of Engineering and CTO

Mark R. Stultz

VP of Market Development

Geoffrey B. Thrope

Founder and CEO

4 past transactions

Checkpoint Surgical

Series C in 2015
Checkpoint Surgical, Inc. specializes in manufacturing neuro devices designed to assist surgeons in locating and identifying nerves and evaluating nerve and muscle excitability during surgical procedures. The company's flagship product, the CHECKPOINT 9094, is a hand-held nerve stimulator that enables surgeons to assess motor nerve tissue and muscle function in complex surgeries requiring meticulous tissue dissection. Additionally, the CHECKPOINT 9394 is a single-use intra-operative stimulator tailored for head and neck procedures, facilitating similar evaluations. Checkpoint Surgical's products are utilized across various medical fields, including head and neck, hand and extremity surgery, targeted muscle re-innervation, orthopedic oncology, trauma, and plastic reconstruction. The firm distributes its devices through a network of distributors in the United States and has been operational since its founding in 2009, with its headquarters located in Cleveland, Ohio.

SPR Therapeutics

Series A in 2013
SPR Therapeutics, LLC is a medical device company focused on developing and commercializing interventional pain management therapies. The company specializes in peripheral nerve stimulation (PNS) products, including its flagship Smartpatch system, which provides short-term pain relief following surgeries and for various types of pain such as neuropathic and musculoskeletal pain. Smartpatch is designed for minimally invasive use, allowing for up to 30 days of electrical stimulation to alleviate pain. Additionally, the company offers the Micropulse system for long-term therapy through an implantable PNS solution. SPR Therapeutics aims to provide a non-narcotic alternative to opioids and invasive procedures, emphasizing safety, effectiveness, and affordability in pain management. Founded in 2009 and headquartered in Cleveland, Ohio, the company also has facilities in the Carolinas and Minneapolis.

Deep Brain Innovations

Seed Round in 2012
Deep Brain Innovations is a medical device company that develops deep brain stimulation (DBS) systems. DBS Therapy is very effective at treating the symptoms of Parkinson's disease, however, the inherent high energy requirements of conventional DBS systems results in devices that require more frequent and costly surgical replacement and in devices that are larger than desired for many patients. Deep Brain Innovations was founded in 2012 and is headquartered in Cleveland, Ohio.

Checkpoint Surgical

Series B in 2012
Checkpoint Surgical, Inc. specializes in manufacturing neuro devices designed to assist surgeons in locating and identifying nerves and evaluating nerve and muscle excitability during surgical procedures. The company's flagship product, the CHECKPOINT 9094, is a hand-held nerve stimulator that enables surgeons to assess motor nerve tissue and muscle function in complex surgeries requiring meticulous tissue dissection. Additionally, the CHECKPOINT 9394 is a single-use intra-operative stimulator tailored for head and neck procedures, facilitating similar evaluations. Checkpoint Surgical's products are utilized across various medical fields, including head and neck, hand and extremity surgery, targeted muscle re-innervation, orthopedic oncology, trauma, and plastic reconstruction. The firm distributes its devices through a network of distributors in the United States and has been operational since its founding in 2009, with its headquarters located in Cleveland, Ohio.