MedVenture Health, founded in 2015 and based in downtown Salt Lake City, Utah, is a growth investment firm focused on the life sciences sector. The company partners with entrepreneurs, physicians, and management teams to advance healthcare products, services, and technologies that address unmet medical needs. MedVenture provides both capital resources and strategic expertise to help healthcare companies at critical stages of development achieve their growth objectives. Its investment approach includes seed and venture financings, structured debt and royalty deals, as well as buyouts of developing companies. Through these efforts, MedVenture aims to significantly enhance the value of its portfolio companies in the healthcare landscape.
Slipstream Medical is the manufacturer of the Stiletto.
Stratus Medical
Debt Financing in 2023
Stratus Medical, LLC is a medical device manufacturer based in Salt Lake City, Utah, focused on improving treatment outcomes for chronic pain patients through advanced radiofrequency technology. The company’s flagship product, the Nimbus RF Multitined Expandable Electrode, is designed for interventional pain medicine physicians, offering a minimally invasive solution that creates a large volume lesion for effective and sustained pain relief. The Nimbus procedure typically lasts about 20 minutes and can be performed in various settings, allowing for patient treatment while awake or sedated, depending on the physician's and facility's preferences. With over 250,000 treatments conducted worldwide, Nimbus is FDA cleared and CE marked, supported by 29 patents across 14 countries. In addition to Nimbus, Stratus Medical also provides complementary products, including the Vesta and Nimbus Disposable Probe, and is engaged in ongoing development projects to enhance its offerings.
Stratus Medical
Debt Financing in 2022
Stratus Medical, LLC is a medical device manufacturer based in Salt Lake City, Utah, focused on improving treatment outcomes for chronic pain patients through advanced radiofrequency technology. The company’s flagship product, the Nimbus RF Multitined Expandable Electrode, is designed for interventional pain medicine physicians, offering a minimally invasive solution that creates a large volume lesion for effective and sustained pain relief. The Nimbus procedure typically lasts about 20 minutes and can be performed in various settings, allowing for patient treatment while awake or sedated, depending on the physician's and facility's preferences. With over 250,000 treatments conducted worldwide, Nimbus is FDA cleared and CE marked, supported by 29 patents across 14 countries. In addition to Nimbus, Stratus Medical also provides complementary products, including the Vesta and Nimbus Disposable Probe, and is engaged in ongoing development projects to enhance its offerings.
Stratus Medical
Debt Financing in 2021
Stratus Medical, LLC is a medical device manufacturer based in Salt Lake City, Utah, focused on improving treatment outcomes for chronic pain patients through advanced radiofrequency technology. The company’s flagship product, the Nimbus RF Multitined Expandable Electrode, is designed for interventional pain medicine physicians, offering a minimally invasive solution that creates a large volume lesion for effective and sustained pain relief. The Nimbus procedure typically lasts about 20 minutes and can be performed in various settings, allowing for patient treatment while awake or sedated, depending on the physician's and facility's preferences. With over 250,000 treatments conducted worldwide, Nimbus is FDA cleared and CE marked, supported by 29 patents across 14 countries. In addition to Nimbus, Stratus Medical also provides complementary products, including the Vesta and Nimbus Disposable Probe, and is engaged in ongoing development projects to enhance its offerings.
Stratus Medical
Venture Round in 2020
Stratus Medical, LLC is a medical device manufacturer based in Salt Lake City, Utah, focused on improving treatment outcomes for chronic pain patients through advanced radiofrequency technology. The company’s flagship product, the Nimbus RF Multitined Expandable Electrode, is designed for interventional pain medicine physicians, offering a minimally invasive solution that creates a large volume lesion for effective and sustained pain relief. The Nimbus procedure typically lasts about 20 minutes and can be performed in various settings, allowing for patient treatment while awake or sedated, depending on the physician's and facility's preferences. With over 250,000 treatments conducted worldwide, Nimbus is FDA cleared and CE marked, supported by 29 patents across 14 countries. In addition to Nimbus, Stratus Medical also provides complementary products, including the Vesta and Nimbus Disposable Probe, and is engaged in ongoing development projects to enhance its offerings.
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