Fundraising Fox

Physcient

Durham, US · North Carolina corporation · 3 known investors

Physcient develops Differential Dissection, a powered blunt surgical dissector that separates soft tissues connecting other tissues without cutting or burning, leaving blood vessels, organ capsules, and nerve sheaths intact. The device is aimed at surgeons to help identify and maintain the correct surgical plane and reduce procedure times.

HardwareHealthtechMedical Devices

Founders & leadership

CA
CHARLES A. PELLCo-founder
HC
HUGH C. CRENSHAWCo-founder
HC
Hugh CrenshawFounder
ET
ERIC T. ESPENHAHNExecutive

Board

CD
CHRIS DUNNBoard director
KS
KEVIN SCHIMELFENIGBoard director
RF
R. FREDERICK MCCOY, JR.Board director

Investors · 3

Elevate Innovation PartnersNew Yorkvia Shreyas Chityala · inferred
IDEA NCDurham · $250K – $2M
LaunchCapitalBranford · $50K – $150K

Reported raises · per SEC filings

Form D private placements

$3.8M disclosed across 3 rounds · 2014–2018

▶$1.2MraisedMar 2019 · 17 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Christopher J. DunnExecutive Officer, Director
  • Kevin C. SchimelfenigDirector
  • Hugh C. CrenshawExecutive Officer, Director
  • Charles A. PellDirector
  • R. Frederick McCoy, Jr.Director
Offering amount
$1.9M
Amount sold
$1.2M
First sale
Apr 2018
Incorporated
Corporation, North Carolina
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$344.9KraisedApr 2017 · 15 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • CHRISTOPHER J. DUNNDirector
  • CHARLES A. PELLExecutive Officer, Director
  • KEVIN SCHIMELFENIGDirector
  • ERIC T. ESPENHAHNExecutive Officer
  • R. FREDERICK MCCOY, JR.Director
  • HUGH C. CRENSHAWExecutive Officer, Director
Offering amount
$1M
Amount sold
$344.9K
First sale
Apr 2017
Incorporated
Corporation, North Carolina
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$2.2MraisedFeb 2015 · 22 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • ERIC T. ESPENHAHNExecutive Officer
  • CHRIS DUNNDirector
  • CHARLES A. PELLExecutive Officer, Director
  • HUGH C. CRENSHAWExecutive Officer, Director
  • KEVIN SCHIMELFENIGDirector
  • R. FREDERICK MCCOY, JR.Director
Offering amount
$3.5M
Amount sold
$2.2M
First sale
Dec 2014
Incorporated
Corporation, North Carolina
Federal exemptions
06b
Full filing on SEC EDGAR ↗

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

Competitors · 2

by search overlap
Intechopen6 shared keywordsIntechOpen is an open-access academic publisher that publishes peer-reviewed scientific works and books across diverse fields. The platform provides researchers with tools for publishing, wider readership, and increased citation visibility.
Labster4 shared keywordsLabster provides immersive learning platforms for STEM and nursing education, using virtual reality and simulations to allow students to engage in real-world scenarios safely. The company serves educators and students in secondary and higher education institutions.

Companies competing with Physcient for the same Google search keywords, organic and paid, via search-intersection analysis.

Non-dilutive funding · 3 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
National Science FoundationPhase II2010$500K
National Institutes of Health (NIH)National Institutes of HealthPhase I2009$141.8K
National Science FoundationPhase I2009$99.6K

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.

In the news

Medical device firm Physcient raising $4M, plans 510(k) filingmedcitynews.com · Jan 2012

Frequently asked questions

What does Physcient do?
Physcient develops Differential Dissection, a powered blunt surgical dissector that separates soft tissues connecting other tissues without cutting or burning, leaving blood vessels, organ capsules, and nerve sheaths intact. The device is aimed at surgeons to help identify and maintain the correct surgical plane and reduce procedure times.
Who founded Physcient?
Physcient was founded by CHARLES A. PELL, HUGH C. CRENSHAW, Hugh Crenshaw.
Who are Physcient's investors?
Physcient's investors include Elevate Innovation Partners, IDEA NC, LaunchCapital.
How much funding has Physcient raised?
Physcient has disclosed $3.8M raised across 3 rounds.
Where is Physcient headquartered?
Physcient is headquartered in Durham, US.