Radar · Traditional Medical Devices in Minnesota
Best Traditional Medical Devices Companies in Minnesota, United States
The 34 best Traditional Medical Devices companies in Minnesota, United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Mozarc Medical.
By Rohit KhannaTrends & Stories
34companies tracked
$48Mdisclosed funding
0unicorns
10have raised
FLIAR INTELLIGENCE · TRADITIONAL MEDICAL DEVICES × MINNESOTA
Our analysis of 50 Traditional Medical Devices companies
$5.7b in tracked funding; 88% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
50companies analysed
88%cloud-native stacks
2025funding peak (by rounds)
2016median founding year
49median Fliar Index™
2.6Mcombined LinkedIn audience
99%of audience held by top 3
4companies hiring publicly (12 mo)
Ranked: Best Traditional Medical Devices companies in Minnesota
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Mozarc Medical Manufacturer of AV needles | $22M | 42 mo ago | Series B | Ven Manda CEO | 2023 | WordPressApple iCloud MailMicrosoft 365+25 | — | — |
| 2 | Nuwellis Medical technology company focused on transforming the lives of people with fluid overload through the… 50Innovation top 24%Funding top 28%Patents top 30%News top 34% All 10 signals ▾Innovationtop 24% Fundingtop 28% Patentstop 30% Newstop 34% Growthbottom 45% Marketbottom 43% Techbottom 37% Fin. healthbottom 36% Moatbottom 35% Globalbottom 32% Innovation: 41 patents (top 35% of patent-holders) · 33 filings since 2022 vs 7 in 2017-21 Funding: Raised $10.2M across 4 rounds · 4 rounds over 6 yrs (0.7/yr) rank vs industry peers · Fliar Intelligence Index 50/100 | $10M | 9 mo ago | Public | — | 2020 | Cart FunctionalityWordPressMySQL+22 | 41 patents Extracorporeal blood filtration systems and associated vascular access catheters | — |
| 3 | Medical 21 Manufacturer of artificial graft for coronary bypass surgery | $8M | 44 mo ago | Series A | — | 2016 | Cart FunctionalitySquarespace CommerceSquarespace+13 | 547 patents Minimally invasive electrosurgical instruments and laparoscopic device technologies | — |
| 4 | Pleural Dynamics Manufacturer of medical devices 53Patents top 38%Innovation top 40%Moat bottom 49%Talent bottom 49% All 6 signals ▾Patentstop 38% Innovationtop 40% Moatbottom 49% Talentbottom 49% Fundingbottom 48% Globalbottom 35% Patents: 13 patents matched (strict assignee match) · 12 filings since 2022 vs 1 in 2017-21 Innovation: 13 patents (top 61% of patent-holders) · 12 filings since 2022 vs 1 in 2017-21 rank vs industry peers · Fliar Intelligence Index 53/100 | $4M | 12 mo ago | Series A | Martin Mayse Founder & CEO | 2020 | — | 13 patents Pleural drainage and fluid management devices for thoracic applications. | — |
| 5 | Mobilegs Manufacturer of crutches | $1M | 175 mo ago | Seed | Aeron Chair Co-Founder | 2008 | Cart FunctionalityShopifyShop Pay+11 | — | — |
| 6 | Medical Innovations Manufacturer of medical devices | $702K | 179 mo ago | Seed | John Devlin CEO | 2000 | — | — | — |
| 7 | PathRight Medical Manufacturer of therapy devices for healthcare sector | $300K | 113 mo ago | Seed | — | 2015 | WordPress Block EditorwpBakeryElementor+39 | — | — |
| 8 | Blue-Gear Manufacturing of hearing care devices | $244K | 171 mo ago | Seed | Larry Hagen CEO & President | 2007 | — | 60 patents Modular tactical load‑bearing gear with interchangeable attachment and zipper systems | — |
| 9 | Protectus Medical Devices Manufacturer of safety medical percutaneous devices | $188K | 204 mo ago | Early Stage | John S Salstrom Co-Founder & CEO | 1948 | — | — | — |
| 10 | ExpressionMed Retailer of adhesive patches and stickers for continuous glucose monitoring devices | $100K | 103 mo ago | Seed | Meghan Sharkus Founder & CEO | 2015 | Cart FunctionalityShopifyGoogle Sign-in+50 | 10 patents Aesthetic, shaped transdermal drug delivery patches for personalized medical applications. | — |
| 11 | Medtronic Developer of medical equipment for chronic diseases | — | 49 mo ago | Public | Palmer Hermundslie Co-Founder | 1949 | Adobe Experience ManagerApple iCloud MailJava+33 | 24,192 patents Implantable cardiac and neurostimulation devices, monitoring, and power management technologies | — |
Top 12 Traditional Medical Devices companies in Minnesota
#1
Public · Eden Prairie, Minnesota · founded 2020 · 70 employees$10.2Mraised▾
Public · Eden Prairie, Minnesota · founded 2020 · 70 employees
Nuwellis is a medical technology company focused on developing solutions for patients suffering from fluid overload. Their Aquadex system removes excess fluid from the bloodstream through short treatments. They are listed on the NASDAQ Capital Market.
Fliar Intelligence Index™ 50how this company ranks against its industry peers
Innovation
top 24%Funding
top 28%Patents
top 30%News
top 34%Growth
bottom 45%Market
bottom 43%Innovation: 41 patents (top 35% of patent-holders) · 33 filings since 2022 vs 7 in 2017-21
Funding: Raised $10.2M across 4 rounds · 4 rounds over 6 yrs (0.7/yr) · Last round Post IPO (Jan 2026)
Patents: 41 patents matched (strict assignee match) · 33 filings since 2022 vs 7 in 2017-21 · Latest publication 2025
Audience (LinkedIn): 4k LinkedIn followers · 24 engagements/post (1.6× cohort median)
Activity (LinkedIn): 2 product launches · 1 expansions announced in 12 mo
Funding rounds
- Jan 2026Post IPO$5M
- May 2020Post IPO$1.7M
- Apr 2020Post IPO$2.2M
- Mar 2020Post IPO$1.2M
#2
Series A · Wayzata, Minnesota · founded 2020$4.5Mraised▾
Series A · Wayzata, Minnesota · founded 2020
Manufacturer of medical devices
Fliar Intelligence Index™ 53how this company ranks against its industry peers
Patents
top 38%Innovation
top 40%Moat
bottom 49%Talent
bottom 49%Funding
bottom 48%Global
bottom 35%Patents: 13 patents matched (strict assignee match) · 12 filings since 2022 vs 1 in 2017-21 · Latest publication 2026
Innovation: 13 patents (top 61% of patent-holders) · 12 filings since 2022 vs 1 in 2017-21
Moat: Editorial + unicorn rating 1/10 · IP moat: 13 patents
Audience (LinkedIn): 485 LinkedIn followers
Activity (LinkedIn): 2 product launches announced in 12 mo
Funding rounds
- Oct 2025Series A$618K
- May 2023Series A$7.7M
Founders & team
Investors
Engage
#3
Series B · Minneapolis, Minnesota · founded 2023$22.4Mraised▾
Series B · Minneapolis, Minnesota · founded 2023
Manufacturer of AV needles
LinkedIn Pulse recent public activity · Jul 2026
Audience: 14k LinkedIn followers
Activity: 1 product launches announced in 12 mo
Funding rounds
- Apr 2023Series B$22.4M
Founders & team
Tech stack
Amazon AlbAmazon SesAmazon Web ServicesApple Icloud MailBootstrapCloudflare
#4
Series A · Wayzata, Minnesota · founded 2016 · 11 employees$8.2Mraised▾
Series A · Wayzata, Minnesota · founded 2016 · 11 employees
Manufacturer of artificial graft for coronary bypass surgery
LinkedIn Pulse recent public activity · Jul 2026
Audience: 1k LinkedIn followers
Funding rounds
- Feb 2023Series A$10M
- Jan 2021Seed$3M
Tech stack
AngularCart FunctionalityCore-JsGoogle Font ApiHstsMicrosoft 365
#5
Seed · Bloomington, Minnesota · founded 2008$1.2Mraised▾
Seed · Bloomington, Minnesota · founded 2008
Manufacturer of crutches
Funding rounds
- Mar 2012Seed$573K
- Oct 2009Seed$585K
Founders & team
Tech stack
Apple PayCart FunctionalityCloudflareCore-JsGoogle AnalyticsGoogle Workspace
#6
Seed · Rochester, Minnesota · founded 2000$701.7Kraised▾
Seed · Rochester, Minnesota · founded 2000
Manufacturer of medical devices
Funding rounds
- Nov 2011Seed$701.7K
Founders & team
#7
Seed · Plymouth, Minnesota · founded 2015 · 3 employees$300Kraised▾
Seed · Plymouth, Minnesota · founded 2015 · 3 employees
Developer of a penile traction therapy device designed for the treatment of Peyronie's disease. The company's device provides a customized treatment using proprietary opposite angular force technology to deliver additional traction specifically to the disease location, enabling patients to have a device that can easily be set up and used in privacy settings for a few minutes of treatment per day for a few weeks.
Funding rounds
- May 2017Seed$300K
Investors
Mayo Clinic Ventures
Tech stack
BootstrapBunnyBunny FontsCart FunctionalityCloudflareCloudflare Bot Management
#8
Seed · Plymouth, Minnesota · founded 2007$243.5Kraised▾
Seed · Plymouth, Minnesota · founded 2007
Manufacturing of hearing care devices
Funding rounds
- Jul 2012Seed$243.5K
Founders & team
#9
Early Stage · Minneapolis, Minnesota · founded 1948$187.5Kraised▾
Early Stage · Minneapolis, Minnesota · founded 1948
Manufacturer of safety medical percutaneous devices
Founders & team
#10
Seed · Minneapolis, Minnesota · founded 2015 · 7 employees$100Kraised▾
Seed · Minneapolis, Minnesota · founded 2015 · 7 employees
Retailer of adhesive patches and stickers for continuous glucose monitoring devices. These products are designed for various devices, offering options for different models. The company provides accessories, application tools, and instructions to support product use. They focus on offering comfortable and durable materials for individuals using wearable medical devices.
Funding rounds
- Mar 2018Seed$100K
Founders & team
Investors
Gener8tor
#11
Public · Minneapolis, Minnesota · founded 1949 · 37238 employees$13Mraised▾
Public · Minneapolis, Minnesota · founded 1949 · 37238 employees
Developer of medical equipment for chronic diseases. The company offers solutions to treat more than 30 chronic diseases, including heart failure, Parkinson's disease, urinary incontinence, Down's syndrome, obesity, neurology, chronic pain, spinal disorders, and diabetes. In general surgery products, the company has developed intraoperative neuromonitoring devices, ablation systems, neurostimulation systems, and others. In 2022, the company recorded annual revenues of $30.77B and a net profit of $4.07B.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 2.6M LinkedIn followers — 98.5% of this cohort's audience
Founders & team
Investors
Europa, Waratah, gov.il, Blackstone, USVP, Gershon Capital
Tech stack
Adobe AnalyticsAdobe Audience ManagerAdobe Client Data LayerAdobe Dynamic Media ClassicAdobe Experience ManagerAdobe Experience Platform Identity Service
#12
Seed · Hopkins, Minnesota · founded 2016 · 3 employees—raised▾
Seed · Hopkins, Minnesota · founded 2016 · 3 employees
Manufacturer of tube feeding and medical devices. It provides solutions to home healthcare, hospitals, prescribers, and nursing homes. Its mission is to provide home tube feeders with nutrition delivery products.
Funding rounds
- Jul 2019Seed—
Founders & team
Tech stack
Cart FunctionalityCore-JsDudaFacebook PixelGoogle AdsGoogle Ads Conversion Tracking
Funding & investor landscape
$48Mtotal disclosed funding
10companies funded
15disclosed rounds
0rounds last 90 days
Most active investors
Notable founders
Martin Mayse
Founder & CEO · Pleural Dynamics
Ven Manda
CEO · Mozarc Medical
Aeron Chair
Co-Founder · Mobilegs
Jeff Weber
Founder · Mobilegs
John Devlin
CEO · Medical Innovations
Johan Carlson
Owner · Blue-Gear
Larry Hagen
CEO & President · Blue-Gear
John S Salstrom
Co-Founder & CEO · Protectus Medical Devices
Ron Ginn
Co-Founder & CMO · Protectus Medical Devices
Meghan Sharkus
Founder & CEO · ExpressionMed
Massimiliano Pipino
CFO · Medtronic
Earl Bakken
Co-CEO · Medtronic
Prism market signals · United States · country-scoped Prism corpus, 973,501 docs
Market landscape — 10 sub-themes by coverage
Share of Traditional Medical Devices coverage by sub-theme.
Regulatory-risk over time flat
Funding & growth over time
funding flat · growth rising
RESEARCH FROM Minnesota · institutions
What Minnesota researches in medical devices
26 papersstance +0.2217% breakthrough43% concern
local research themes
Surgical Simulation and TrainingAnatomy and Medical TechnologySoft Robotics and ApplicationsBiomedical and Engineering EducationAugmented Reality ApplicationsAviation Industry Analysis and Trends
top institutions
- University of Minnesota22
- University of Minnesota System6
- University of Minnesota Medical Center2
- University of St. Thomas - Minnesota1
Common questions
How many Traditional Medical Devices companies are there in Minnesota, United States?
Radar tracks 34 indexable Traditional Medical Devices companies headquartered in Minnesota, United States that meet our profile-completeness bar.
What is the total funding raised by Traditional Medical Devices companies in Minnesota, United States?
The Traditional Medical Devices companies in Minnesota, United States on this list have raised a combined $48M in disclosed equity funding across 10 funded companies.
Which is the highest-funded Traditional Medical Devices company in Minnesota, United States?
Mozarc Medical is the highest-funded Traditional Medical Devices company in Minnesota, United States, with $22.4M in disclosed equity funding.
How many Traditional Medical Devices companies in Minnesota, United States are funded?
10 of the 34 Traditional Medical Devices companies in Minnesota, United States on this list have disclosed at least one equity funding round.
How many Traditional Medical Devices unicorns are there in Minnesota, United States?
None of the Traditional Medical Devices companies in Minnesota, United States on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Minnesota, United States Traditional Medical Devices companies?
The most active investors in Minnesota, United States Traditional Medical Devices companies on this list include Mayo Clinic Ventures, Ares Capital Corporation, Blackstone, Broad Venture Capital, CIBC.
Rohit KhannaTrends & Stories
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.