Genicon designs, makes and distributes patented surgical instrumentation focused exclusively on laparoscopic, or minimally invasive, surgery. The company is led by Gary W. Haberland, Founder, President and Chief Executive Officer, and is based in Winter Park, Florida. Genicon has been developing new products including the aquas powerflow, a battery-powered suction irrigation product, and the a li-gator disposable clip applier for ergonomic wound closure with titanium clips. The company raised $6.6M in funding and intends to use the capital to continue product development and to execute on marketing, manufacturing and sales efforts. Backers on the round included Rand Capital, Advantage Capital and Coastal Enterprises. GENICON designs, produces, and distributes patented surgical instrumentation focused exclusively on laparoscopic, or minimally invasive, surgery. The company is privately held and was founded in 1998; several shareholders are surgeons who use its products. GENICON is building a new operations center and has earmarked capital to purchase state-of-the-art manufacturing equipment to meet growing demand. Once completed, the facility is expected to increase production capacity by a factor of six and improve profitability through more efficient manufacturing processes. The company is described in the release as an emerging leader in the global market for laparoscopic medical devices. GENICON is based in Orlando, FL. GENICON designs, manufactures and globally distributes more than 200 products in the laparoscopic surgery market. Headquartered in Winter Park, Fla., the company sells directly in the U.S. and through long-standing distribution agreements in over 60 international markets, including the U.K., Italy, Spain, South Korea, South Africa, the Middle East and China. In 2014 GENICON received the President’s “E” Award for Exports from the U.S. Department of Commerce. The company is pursuing facility expansion and central Florida workforce growth to support planned product expansion into complementary offerings. Management says the new capital will drive the company to the next level of revenue and profitability, and a board member representing Series A investors tied the financing to continued double-digit revenue growth. Gary Haberland is named as founder and CEO in the article.

Total raised

$12M

Funding rounds

3

Latest round

Equity

Latest activity

Jul 2017