Magnolia Medical Technologies logo — Partnering with you to achieve near-zero blood culture conta...

Magnolia Medical Technologies

Partnering with you to achieve near-zero blood culture contamination rates with Steripath

Founded 2006 United States Seattle, United States 106 employees Private Equity Total: $117.33M Health Care, Medical Devices

General Information

Company Name Magnolia Medical Technologies
Founded Year 2006
Location United States Seattle, United States +1
Founders / Decision Makers
Team member
Employees 106
Industries Health Care, Medical Devices
Funding Stage Private Equity
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About Magnolia Medical Technologies

Magnolia Medical Technologies is a Health Care startup founded in 2011 and headquartered in the United States. The company's mission revolves around their innovative product, Steripath, aiming to achieve near-zero blood culture contamination rates. Their technology addresses the problem of contamination leading to misdiagnosis of bloodstream infections, including sepsis. Their recent $46.00M Venture Round investment on 16 February 2022 involved prominent investors such as HealthQuest Capital, Evidity Health Capital, Janus Handerson, RTW Investments, Sectoral Asset Management, and Sight Line Partners. Magnolia Medical Technologies boasts an extensive intellectual property portfolio with over 100 issued patents and 70+ patent applications pending, reflecting their commitment to pioneering solutions in the healthcare industry. Their aspiration to create a world free of in-vitro diagnostic errors aligns with their dedication to improving patient outcomes and reducing healthcare costs. With a steadfast focus on purposeful innovation and strategic partnerships, Magnolia Medical Technologies is poised to make a significant impact in revolutionizing diagnostic practices and enhancing patient care.

Taxonomy: Medical Device, Diagnostic Testing, Patient Safety, Sepsis Prevention, Infectious Disease Prevention, Blood Culture Collection, Antimicrobial Stewardship, Medical Reimbursement, Intellectual Property, Clinical Practice Improvement, Seattle, Innovation, Evidence-based Technology

Funding Rounds & Investors (9)

View All
Funding Stage Amount Investors Lead Investors Date
Private Equity Round •••••• 6
Investor Investor Investor Investor Investor Investor
16 Feb 2022
Debt Financing •••••• 1
Investor
27 May 2020
Series C •••••• 4
Investor Investor Investor Investor
30 Jan 2019
Series B •••••• 1
Investor
04 Apr 2017
Series B •••••• 1
Investor
15 Jul 2016

View All 9 Funding Rounds

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FAQ About Magnolia Medical Technologies

Partnering with you to achieve near-zero blood culture contamination rates with Steripath
Magnolia Medical Technologies was founded in 2006.
Magnolia Medical Technologies is headquartered in Seattle, United States.
Magnolia Medical Technologies operates in the following industries: Health Care, Medical Devices.
Magnolia Medical Technologies has approximately 106 employees.
Magnolia Medical Technologies has completed 9 funding rounds, raising a total of $117.33M. The latest funding stage is Private Equity.
Top alternatives and competitors to Magnolia Medical Technologies include Gradientech, T2 Biosystems, AdvanDx, Allergenis, SensDx. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Magnolia Medical Technologies and Gradientech are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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