What is Element Science?
Element Science is at the forefront of transforming cardiac health through its innovative Jewel Patch, a wearable cardioverter-defibrillator designed to offer continuous protection against sudden cardiac arrest. The company's mission is to enroll high-risk patients and elevate awareness by providing FDA-approved solutions. With a strong commitment to saving lives, Element Science is making a significant impact in the med tech industry, fostering an environment of innovation through workforce diversity.
How much funding has Element Science raised?
Element Science has raised a total of $263.4M across 4 funding rounds:
Series A
$12.5M
Private Equity
$25M
Series B
$80.3M
Series C
$145.6M
Series A (2014): $12.5M with participation from GV, Prospect Venture Partners, and Third Rock Ventures
Private Equity (2016): $25M, investors not publicly disclosed
Series B (2020): $80.3M supported by Venrock, Foresite Capital, Fidelity Management & Research Company, and JS Capital LLC
Series C (2020): $145.6M featuring Third Rock Ventures, Qiming Venture Partners USA, Invus Opportunities, Google Ventures, Cormorant Asset Management, and Deerfield Healthcare
Key Investors in Element Science
Third Rock Ventures
Third Rock Ventures is a healthcare venture firm established in 2007, dedicated to discovering, launching, and building companies that significantly improve people's lives through disruptive science and medicine. They focus on translating bold scientific ideas into successful enterprises.
Google Ventures
GV, formerly Google Ventures, is a venture capital firm that invests across multiple stages and sectors, with a focus on enterprise solutions, life sciences, and frontier technology. They provide financial backing to promising startups and growth-stage businesses globally.
Cormorant Asset Management
Cormorant Asset Management is a life sciences investment firm founded in 2013, with a deep focus on fundamental scientific principles. They provide financial resources to innovative publicly traded and private companies in the biotech and allied sectors.
What's next for Element Science?
The recent major strategic investment in Element Science signals a strong confidence in its technology and market potential. This capital infusion is expected to accelerate the company's growth, enabling further development and broader market penetration of its life-saving Jewel Patch. Element Science is poised to expand its reach, solidifying its position as a leader in wearable cardiac protection devices and continuing its mission to reduce mortality from sudden cardiac arrest.
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