Synoste Overview

  • Year Founded
  • 2012

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 13

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $25.3M

  • Investors
  • 1

Synoste General Information

Description

Manufacturer of novel patient-friendly medical systems designed for the treatment of skeletal deformities. The company offers a third-generation limb-lengthening system that utilizes smart materials and introduces a less painful and precisely controllable treatment device to perform limb-lengthening procedures with lower complication rates, thereby enabling patients to have a faster recovery to normal life.

Contact Information

Website
www.synoste.com
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • Metsanneidonkuja 6
  • 02130 Espoo
  • Finland
Primary Industry
Therapeutic Devices
Other Industries
Other Devices and Supplies
Acquirer
Globus Medical
Vertical(s)
Nanotechnology, Manufacturing, Life Sciences
Corporate Office
  • Metsanneidonkuja 6
  • 02130 Espoo
  • Finland

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Synoste Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
11. Merger/Acquisition 01-May-2020 $25.3M Completed Generating Revenue
10. Debt - General 01-Aug-2019 Completed Clinical Trials - General
9. Early Stage VC (Series B) 18-Oct-2018 Completed Clinical Trials - General
8. Early Stage VC (Series A2) 22-Dec-2015 Completed Generating Revenue
7. Early Stage VC (Series A1) 24-Apr-2015 Completed Generating Revenue
6. Accelerator/Incubator Completed Generating Revenue
5. Grant Completed Generating Revenue
4. Seed Round 14-Nov-2013 Completed Generating Revenue
3. Accelerator/Incubator $269K Completed Generating Revenue
2. Capitalization 19-Feb-2013 $269K $269K Completed Generating Revenue
To view Synoste’s complete valuation and funding history, request access »

Synoste Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Manufacturer of novel patient-friendly medical systems designed for the treatment of skeletal deformities. The company o
Therapeutic Devices
Espoo, Finland
13 As of 2023

Plymouth, MN
 

Port Huron, MI
 
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Synoste Competitors (16)

One of Synoste’s 16 competitors is HistoSonics, a Private Equity-Backed company based in Plymouth, MN.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
HistoSonics Private Equity-Backed Plymouth, MN
BioPro (Michigan) Corporation Port Huron, MI
Aspen Medical Products Private Equity-Backed Irvine, CA
Xtant Medical Holdings Formerly VC-backed Belgrade, MT
Spine Wave Venture Capital-Backed Shelton, CT
You’re viewing 5 of 16 competitors. Get the full list »

Synoste Patents

  • 27

    Total Documents Applications and Grants

  • Total Patents Families

  • 24

    Granted

  • Pending

  • Expiring in next 12 mo

Synoste Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
EP-3463127-B1 An extra-corporal force producing device and a bone lengthening arrangement Active 27-May-2016
EP-3463127-A1 An intra-corporal telescopic osteodistraction device, an extra-corporal force producing device, a method for bone lengthening and a bone lengthening arrangement Active 27-May-2016
US-20190133650-A1 An intra-corporal telescopic osteodistraction device, an extra-corporal force producing device, a method for bone lengthening and a bone lengthening arrangement Active 27-May-2016
WO-2017203097-A1 An intra-corporal telescopic osteodistraction device, an extra-corporal force producing device, a method for bone lengthening and a bone lengthening arrangement Inactive 27-May-2016
US-11160588-B2 System for stabilizing or lengthening bone Active 27-May-2016 A61B17/7216
To view Synoste’s complete patent history, request access »

Synoste Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

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Synoste Former Investors (12)

Investor Name Investor Type Holding Investor Since Participating Rounds
28DIGITAL Accelerator/Incubator Minority
Aalto Start-Up Center Accelerator/Incubator
Eurostars Other Minority
Evonik Venture Capital Corporate Venture Capital Minority
Finnvera Lender/Debt Provider Minority
You’re viewing 5 of 12 investors. Get the full list »

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Synoste FAQs

  • When was Synoste founded?

    Synoste was founded in 2012.

  • Where is Synoste headquartered?

    Synoste is headquartered in Espoo, Finland.

  • What is the size of Synoste?

    Synoste has 13 total employees.

  • What industry is Synoste in?

    Synoste’s primary industry is Therapeutic Devices.

  • Is Synoste a private or public company?

    Synoste is a Private company.

  • What is the current valuation of Synoste?

    The current valuation of Synoste is .

  • What is Synoste’s current revenue?

    The current revenue for Synoste is .

  • How much funding has Synoste raised over time?

    Synoste has raised $14.7M.

  • Who are Synoste’s investors?

    28DIGITAL, Aalto Start-Up Center, Eurostars, Evonik Venture Capital, and Finnvera are 5 of 12 investors who have invested in Synoste.

  • Who are Synoste’s competitors?

    HistoSonics, BioPro (Michigan), Aspen Medical Products, Xtant Medical Holdings, and Spine Wave are some of the 16 competitors of Synoste.

  • When was Synoste acquired?

    Synoste was acquired on 01-May-2020.

  • Who acquired Synoste?

    Synoste was acquired by Globus Medical.

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