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NXT Biomedical

Irvine, US · Delaware LLC · 1 known investors

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NXT Biomedical is a medical device incubator that develops and spins out startups building clinical medical technologies aimed at addressing unmet needs and reducing healthcare costs. It plans to invest $25 million over five years to create five to eight companies.

BiotechHealthtechMedical Devices

Founders & leadership

SR
Stanton RoweFounder · CEO
DB
Don BoboExecutive

Board

KV
Kadhiresan V KadirBoard director
AEAndrew ElBardissi
Andrew ElBardissiBoard directorPartner at Deerfield Management Company
SH
Steven HochbergBoard director
AC
Andrew CleelandBoard director

Investors · 1

Reported raises · per SEC filings

Form D private placements

$19.4M disclosed across 2 rounds · 2018–2020

▶$10MraisedMay 2021 · 4 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Kadhiresan V KadirDirector
  • Andrew CleelandDirector
  • Stanton RoweExecutive Officer, Director
  • Andrew ElBardissiDirector
  • Don BoboDirector
  • Steven HochbergDirector
Offering amount
$10M
Amount sold
$10M
First sale
Dec 2018
Incorporated
Limited Liability Company, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$9.4MraisedMay 2021 · 2 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Andrew CleelandDirector
  • Steven HochbergDirector
  • Kadhiresan V KadirDirector
  • Don BoboDirector
  • Stanton RoweExecutive Officer, Director
  • Andrew ElBardissiDirector
Offering amount
$9.4M
Amount sold
$9.4M
First sale
Jul 2020
Incorporated
Limited Liability Company, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Related companies · 1

Globus MedicalGlobus Medical designs and manufactures spine, trauma, and robotic surgical products for the orthopedic medical device market. The company serves hospitals and surgical centers globally.

Companies working in the same space as NXT Biomedical.

Non-dilutive funding · 1 SBIR/STTR award

Federal grants — no equity taken
AgencyPhaseYearAmount
National Institutes of Health (NIH)National Institutes of HealthPhase I2023$634.9K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

Frequently asked questions

What does NXT Biomedical do?
NXT Biomedical is a medical device incubator that develops and spins out startups building clinical medical technologies aimed at addressing unmet needs and reducing healthcare costs. It plans to invest $25 million over five years to create five to eight companies.
Who founded NXT Biomedical?
NXT Biomedical was founded by Stanton Rowe.
Who are NXT Biomedical's investors?
NXT Biomedical's investors include Deerfield Management Company.
How much funding has NXT Biomedical raised?
NXT Biomedical has disclosed $19.4M raised across 2 rounds.
Where is NXT Biomedical headquartered?
NXT Biomedical is headquartered in Irvine, US.