ElastiMed
Founded 2015 Β· 11 employees on LinkedIn Β· 2 known investors
Develops a compression device for the treatment of venous conditions.
Also known as Elastimed Ltd Β· ElastiMed Ltd.
Investors Β· 2
Company profile
researched Aug 2026ElastiMed develops wearable active compression devices for people with lymphatic and venous conditions. Its product, MyoSleeve, is a low-profile garment worn under clothing that wraps around the calf and actively massages the lower leg, delivering therapeutic compression intended to mimic manual lymphatic drainage while the user remains mobile. The company describes the system as cable-free and silent, with a hook-and-loop fit and one-touch start, and states it can be worn for up to eight hours of uninterrupted treatment. Integrated sensors for tracking limb metrics and sharing data with a therapist are described as forthcoming.
The underlying technology uses electro-active polymers (EAPs), sometimes called artificial muscles: soft plastic films that stretch and contract in response to an electric pulse. ElastiMed developed a proprietary method for holding EAP film in a pre-stretched state and forming it into thin linear actuators, producing a strap that contracts when stimulated by a low-voltage source (a 3V battery in earlier descriptions). Wrapping several straps around the leg and activating them in sequence converts the contraction into rhythmic compression that mimics calf muscle contractions and stimulates blood flow. An earlier smart-stocking iteration of the product was branded ComFyt.
The company positions the device against the two prevailing options in compression therapy: compression stockings, which it says suffer from more than 60% non-compliance because of tight fit and difficulty donning and doffing, and pneumatic compression devices, which it characterizes as effective but expensive, noisy, heavy and limiting to mobility. Targeted indications include chronic leg swelling/edema, lymphedema, varicose veins, chronic venous insufficiency, venous ulcers and prevention of deep vein thrombosis, with stated potential extensions to sports recovery, travel- and desk-related swelling, chronic wounds, and arm and full-leg treatment.
Founding story
The company was founded in 2015 by Omer Zelka, an engineer with medical device leadership experience and a background in electro-active materials, who serves as CEO and a board member. He assembled a board of directors and a scientific advisory board including vascular and wound care physicians from the United States, Israel and Germany and a materials science academic.
Business model
ElastiMed develops and manufactures a wearable medical device for compression therapy. It has pursued distribution through partners, including an exclusive U.S. distribution agreement with Tactile Medical covering MyoSleeve for VA and Department of Defense patients. Its contact form segments inquiries by patient, VA patient, clinician and health plan (payer), indicating channels spanning clinicians, payers and government health systems. Development has been financed in part by non-dilutive grants from the Israel Innovation Authority and the EU Horizon 2020 SME Instrument.
Sales of the MyoSleeve compression device, with distribution via partners such as Tactile Medical and stated engagement with health plans/payers; The Trendlines Group classifies the company as being at the revenue stage.
Traction
An initial clinical study on 11 healthy subjects reported an average 141% increase in peak flow velocity after 30 minutes of use, described as comparable to standard pneumatic compression devices. A clinical study at Sheba Medical Center's rehabilitation departments compared the device on one leg against a medical compression bandage on the other, reporting more than four times better leg volume reduction than standard treatment across 12 legs tested at the time. The company reported one granted patent and four pending applications, inbound interest from thousands of patients, FDA clearance of its technology, and Trendlines lists it at the revenue stage.
Latest developments
Tactile Medical entered an exclusive U.S. distribution agreement with ElastiMed for the MyoSleeve wearable compression device serving VA and DoD patients. Dr. Amir Belson was named chairman of the board and Dr. Antonios Gasparis joined the medical advisory board. The company plans to exhibit at the VEITH Symposium 2026.
βΈFull profile β market position, technology, go-to-market, geography, history, risks & controversies
Market position
ElastiMed competes in compression therapy for venous and lymphatic disease, offering an alternative to compression stockings and pneumatic compression pumps. Company materials cite chronic leg swelling affecting more than 7.4 million people in the United States, blood clots (DVT) affecting over 790,000 people in the U.S. and EU, and approximately 10 million DVT cases worldwide annually, describing the addressable market as multi-billion dollar.
Compared with pneumatic compression systems, the device is cable-free, silent, battery-powered and low profile, allowing use under clothing during normal daily activity for up to eight hours; compared with compression stockings, it uses a hook-and-loop wrap and one-touch operation intended to address the reported 60%-plus non-compliance rate. Sensor-based tracking and planned remote monitoring add adherence and treatment data not available from conventional garments.
Technology
Proprietary electro-active polymer (EAP) actuator technology, in which pre-stretched EAP film is manipulated into thin linear actuators that expand and contract under an electric field. Multiple parallel EAP straps wrapped around the calf are activated sequentially to generate massage-like sequential compression. The system is battery-powered, silent, cable-free and low-profile, and incorporates sensors to collect data such as adherence, applied pressure and leg volume for personalized treatment and remote patient monitoring.
Go-to-market
Distribution partnerships, including exclusive U.S. distribution with Tactile Medical for VA and DoD patients; direct engagement with clinicians, patients and payers through the company website; and presence at clinical conferences such as the VEITH Symposium.
People living with lymphatic and venous diseases of the lower extremities, including patients with chronic leg edema, lymphedema, venous ulcers and those at risk of deep vein thrombosis; the company also addresses clinicians, health plans/payers, and VA and Department of Defense patients. Secondary use cases cited include athletes seeking faster recovery and people experiencing swelling from prolonged sitting.
Geography
U.S. headquarters at 35 17th Street, Jericho, New York; Israel headquarters at HaKidma 7, Yokneam Ilit. Clinical work has been conducted in Israel (Sheba Medical Center) and a European clinical study was planned under the Horizon 2020 project; advisors are based in Israel, Germany and the United States.
History
ElastiMed was founded in 2015 and was a portfolio company of The Trendlines Group's medical incubator, which lists it as exited and as having reached the revenue stage. The company received multiple Israel Innovation Authority grants, including a fourth grant and later approval of a fifth grant intended to set up a production line, and in 2018 was awarded a β¬1.3 million Horizon 2020 SME Instrument Phase 2 grant for the ComFyt smart compression stocking project, which covered completion of development, industrialization and a clinical study in Europe. It ran two equity/convertible crowdfunding campaigns on the Israeli ExitValley platform, both of which exceeded their targets. The product later evolved into the MyoSleeve wearable compression device, and the company states its technology is FDA-cleared. Dr. Amir Belson was named chairman of the board and Dr. Antonios Gasparis joined the medical advisory board.
Risks & controversies
Clinical evidence disclosed to date comes from small studies, including an 11-subject study in healthy volunteers and a Sheba Medical Center study reporting results on 12 legs. Earlier company materials describe the product as pre-FDA-filing and reliant on repeated Israel Innovation Authority grants and crowdfunding campaigns for financing, and connected-care sensor features are still described as coming soon.
Compiled by commissioned research from 8 cited public sources β announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed β not independently audited.
Timeline Β· 8
launches, deals, and filingsElastiMed announced it will exhibit at the VEITH Symposium 2026.
ElastiMed announced the appointment of Dr. Amir Belson as chairman of its board of directors.
ElastiMed announced that Dr. Antonios Gasparis, System Chief of the Ambulatory Vascular & Vein Program at Northwell Health, joined its medical advisory board.
Tactile Medical entered an exclusive U.S. distribution agreement with ElastiMed for the MyoSleeve wearable compression device for VA and Department of Defense patients.
ElastiMed states that its proprietary technology for treating lymphatic and venous disease is FDA-cleared.
Elastimed Ltd was awarded an SME Instrument Phase 2 grant of β¬1.3 million under grant agreement No. 812092 for the ComFyt project, covering completion of development, industrialization and a European clinical study of its smart compression device.
After completing a fundraising round on the ExitValley crowdfunding platform, ElastiMed received a fourth grant from the Israel Innovation Authority and opened a continued equity campaign, which reached 251% of its funding target.
ElastiMed ran a second ExitValley campaign (convertible instrument) that reached 159% of its funding target, and received approval for a fifth Israel Innovation Authority grant intended for setting up a production line.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
βΈResearch sources Β· 8
primary sources listed
- ElastiMedelastimed.com Β· web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does ElastiMed do?
- ElastiMed makes MyoSleeve, a cable-free wearable compression device using electro-active polymers to treat venous and lymphatic conditions.
- Who are ElastiMed's investors?
- ElastiMed's investors include Pix Vine Capital, Trendlines Group.
