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§ Public · Carlsbad, CA, USA
Develops high-resolution cardiac imaging and mapping systems for electrophysiologists, diagnosing and treating cardiac arrhythmias.
Acutus Medical is a Carlsbad, California-based medical device company that develops advanced cardiac imaging and 3D electrical mapping systems to diagnose and treat complex arrhythmias. The organization's flagship AcQMap system provides real-time visualization of the heart to help electrophysiologists guide ablation therapies. Before initiating a corporate wind-down in late 2023, the publicly traded enterprise operated with approximately 230 employees and generated $16.4 million in revenue during 2022. The medical technology firm secured $476 million in total funding across nine rounds prior to its 2020 initial public offering and subsequent 2024 Nasdaq delisting. Acutus Medical received financial backing from institutional investors including OrbiMed, Index Ventures, and Advent Life Sciences, and later sold its left-heart access portfolio to Medtronic for a $50 million upfront payment. The company was founded in 2011 by Randy Werneth and Christoph Schär.
Acutus Medical has raised $329.5M across 7 funding rounds.
Key people at Acutus Medical.
Acutus Medical has raised $329.5M in total across 7 funding rounds.
Acutus Medical is a medical technology company specializing in arrhythmia management, developing advanced electrophysiology (EP) tools to improve cardiac arrhythmia diagnosis and treatment.[4][5] Its flagship product, the AcQMap High-Resolution Imaging and Mapping System, delivers real-time 3D imaging, navigation, and mapping of atrial chambers for EP labs, enabling personalized therapy approaches.[4][6] The company serves electrophysiologists and interventional cardiologists treating patients with conditions like atrial fibrillation (AF), addressing challenges in accurate mapping and efficient ablation procedures amid rising demand for cost-effective, high-outcome cardiac interventions.[1][3][5] Additional products include the AcQCross transseptal crossing devices and AcQGuide sheaths, which simplify left-heart access during EP and structural heart procedures.[2][3] Growth has included partnerships like with Innovative Health for reprocessed devices to cut costs by up to 30% per AF procedure, CE Mark approvals, FDA clearances, and a 2023 asset sale to Medtronic for its left-heart portfolio, signaling strategic pivots amid venture backing from firms like Deerfield.[1][3][5]
Founded around 2011 and backed by Deerfield Management in a 2016 mid-stage venture equity round, Acutus Medical emerged to advance EP with innovative imaging and tools for arrhythmia care.[5] The company's idea stemmed from gaps in traditional EP mapping—limited by point-by-point methods—leading to development of the non-contact AcQMap system for faster, higher-resolution 3D atrial imaging.[4][6] Early traction built through FDA 510(k) clearances, such as the 2022 approval for AcQMap (K220784), and global expansions like CE Mark for its EP suite including AcQCross devices.[2][6] Pivotal moments included the 2019 Innovative Health partnership for cost-efficient reprocessing and the 2023 Medtronic deal, where Medtronic gained exclusive distribution rights (effective H1 2023) and eventual ownership of key left-heart access products like AcQCross and select AcQGuide items, ensuring market continuity while Acutus refocused.[1][3]
Acutus stands out in EP through integrated, high-resolution technologies that enhance procedural efficiency and outcomes:
Acutus rides the electrophysiology boom, driven by surging AF prevalence (affecting millions globally) and a shift to minimally invasive catheter ablations over surgery, with ~800,000 transseptal procedures yearly.[3] Timing aligns with healthcare pressures for cost control amid rising device prices, where reprocessing and efficient tools like AcQMap address sustainability—hospitals gain state-of-the-art tech without budget strain.[1] Market forces favoring Acutus include FDA/CE regulatory wins enabling global reach and big-player validations like Medtronic's 2023 acquisition of its access portfolio, which expands ecosystem access while Acutus leverages partnerships for scale.[2][3] It influences EP by promoting open platforms that accelerate adoption of imaging-guided therapies, reducing procedure times and improving outcomes in a field evolving toward AI-enhanced mapping and personalized medicine.[5][6]
Acutus Medical's strategic asset sales, like to Medtronic, position it to streamline operations and fund core imaging innovations amid EP market growth projected at double digits through 2030. Next steps likely involve expanding AcQMap ecosystem integrations and reprocessed device collaborations to capture share in AF and beyond. Trends like value-based care and RF/mechanical hybrid tools will propel it, potentially evolving its influence via licensing or further M&A—reinforcing its role in making advanced arrhythmia care more precise, affordable, and widespread, true to its mission of efficient physician-patient impact.[1][3][5]
Key people at Acutus Medical.
Acutus Medical has raised $329.5M in total across 7 funding rounds.
Acutus Medical's investors include Vince Burgess, Advent Venture Partners, Deerfield Management, GE Ventures, Opaleye Management, OrbiMed, Pura Vida Investments, Xeraya Capital, Aberdare Ventures, Advent Life Sciences, MPM Capital, Steve Hochberg.
Acutus Medical has raised $329.5M across 7 funding rounds. Most recently, it raised $170.0M Debt / Series D in June 2019.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 20, 2019 | $170M Debt Financing | — | Vince Burgess, Advent Venture Partners, Deerfield Management, GE Ventures, Opaleye Management, OrbiMed, Pura Vida Investments, Xeraya Capital | Announced |
| Jun 18, 2018 | $22.8M Debt Financing | — | — | Announced |
| Mar 1, 2016 | $75M Series C | — | Aberdare Ventures, Advent Life Sciences, GE Ventures, MPM Capital, Steve Hochberg, OrbiMed, Xeraya Capital | Announced |
| Sep 30, 2014 | $26.2M Venture Round | — | — | Announced |
| Aug 1, 2013 | $28M Series B | Vince Burgess | GE Ventures, Advent Life Sciences, Index Ventures | Announced |
| Aug 30, 2012 | $2.5M Series A Plus | Advent Venture Partners, Index Ventures | — | Announced |
| Sep 1, 2011 | $5M Series A | Kevin Johnson | Aberdare Ventures, Advent Life Sciences, MPM Capital | Announced |