Geniconendo
1 known investors
GENICON designs, manufactures and distributes patented surgical instrumentation for laparoscopic, minimally invasive surgery.
Also known as GENICON · GENICON, Inc.
Investors · 1
Company profile
researched Aug 2026GENICON, Inc. is a privately held medical device company that designs, produces and distributes patented surgical instrumentation focused exclusively on laparoscopic, or minimally invasive, surgery. The company was founded in 1998 and is based in Orlando, Florida, and operates its website at geniconendo.com.
GENICON's product range spans a suite of laparoscopic surgical devices. Products introduced by 2017 include the aquas powerflow, a battery-powered suction irrigation product, and the a li-gator disposable clip applier, which uses titanium clips for wound closure. The company has invested in tooling for new product lines and in expanding production capacity, including vertical integration of certain product lines intended to improve quality control and reduce costs.
Business model
GENICON designs, manufactures and distributes its own patented surgical instruments, selling into the surgical community through an international distribution footprint.
Traction
As of July 2017, GENICON's products were distributed in more than 44 countries and the company was reported by its investor to be growing at a double-digit rate.
Latest developments
In July 2017, GENICON completed a $6.6 million capital raise and refinancing led by Rand Capital, which invested $3 million alongside Advantage Capital and Coastal Enterprises; proceeds were designated for tooling for new product lines and expanding production capacity.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Described by its investor Rand Capital as an emerging leader in patented laparoscopic surgical instrumentation, and as of July 2017 the largest holding in Rand Capital's portfolio, growing at a double-digit pace.
Technology
Patented surgical instrumentation for minimally invasive surgery, including battery-powered suction irrigation (aquas powerflow) and a disposable titanium clip applier (a li-gator).
Go-to-market
Surgeons and healthcare providers performing laparoscopic, minimally invasive procedures; several of the company's shareholders are surgeons who use its products.
Geography
Headquartered in Orlando, Florida, with products distributed to the surgical community in more than 44 countries as of 2017.
History
GENICON was founded in 1998 and is headquartered in Orlando, Florida. It raised capital repeatedly from Rand Capital Corporation, which made six investments in the company, including $1 million of Series B Preferred Shares in 2015 and a $3 million term loan in 2017 as part of a $6.6 million capital raise and refinancing that also involved Advantage Capital and Coastal Enterprises.
Compiled by commissioned research from 6 cited public sources — 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 — not independently audited.
Timeline · 2
launches, deals, and filingsGENICON closed a $6.6 million capital raise and refinancing package. Rand Capital Corporation invested $3 million, comprising $2 million of previously outstanding promissory notes converted into a new term loan plus $1 million of new capital, alongside Advantage Capital and Coastal Enterprises. The transaction brought Rand's total investment in GENICON to $4 million, including $1 million of Series B Preferred Shares acquired in 2015, and made GENICON the largest holding in Rand's portfolio.
$6.6M source ↗
GENICON introduced two products: the aquas powerflow, a battery-powered suction irrigation device, and the a li-gator disposable clip applier, used for wound closure with titanium clips.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 6
primary sources listed
- Geniconendogeniconendo.com · web
6 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Geniconendo do?
- GENICON designs, manufactures and distributes patented surgical instrumentation for laparoscopic, minimally invasive surgery.
- Who are Geniconendo's investors?
- Geniconendo's investors include CEI Ventures.