When was Medtronic founded?

Medtronic was founded in 1949 and raised its 1st funding round 60 years after it was founded.

Where is Medtronic located?

Medtronic is headquartered in Minneapolis, United States. It is registered at 710 MEDTRONIC PARKWAY, MINNEAPOLIS, United States, 55432, MN.

Who is the current CEO of Medtronic?

Earl Bakken of Medtronic. They have also founded 1 company.

How many employees does Medtronic have?

As of Apr 30, 2026, the latest employee count at Medtronic is 103103.

Is Medtronic a funded company?

Medtronic is a funded company, having raised an undisclosed amount across 16 funding rounds to date. The company's 1st funding round was a $***** Post IPO round, raised on Mar 06, 2009.

When was the latest funding round of Medtronic?

Medtronic's latest funding was a $***** Grant (prize money) round on Oct 01, 2022, with participation from 1 investor. Its primary sector is Diversified Medical Devices. In United States, the Diversified Medical Devices sector has seen $82.8M in funding in 2026 to date.

What is the annual revenue of Medtronic?

Annual revenue of Medtronic is $33.5B as on Apr 30, 2025.

Where does Medtronic rank among its competitors?

Medtronic ranks 2nd amongst 1685 active competitors, of which 67 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Biorad Medisys, which secured $47.9M in May, 2024.

Who are the top competitors of Medtronic?

Medtronic's top competitors include Boston Scientific, Danaher and Baxter. Among them, Biorad Medisys secured the most recent funding round in May, 2024.

Medtronic - 2026 Company Profile, Team, Funding, Competitors & Financials

Medtronic is a public company based in Minneapolis (United States), founded in 1949 by Massimiliano Pipino, Palmer Hermundslie and Earl Bakken. It operates as a Developer of medical equipment for chronic diseases. Medtronic has raised an undisclosed amount in funding. The company has 1685 active competitors, including 67 funded and 111 that have exited. Its top competitors include companies like Boston Scientific, Danaher and Baxter.

Company Details

Developer of medical equipment for chronic diseases. The company offers solutions to treat more than 30 chronic diseases, including heart failure, Parkinson's disease, urinary incontinence, Down's syndrome, obesity, neurology, chronic pain, spinal disorders, and diabetes. In general surgery products, the company has developed intraoperative neuromonitoring devices, ablation systems, neurostimulation systems, and others. In 2022, the company recorded annual revenues of $30.77B and a net profit of $4.07B.

Website: www.medtronic.com/
Social
Email ID: *****@medtronic.com
Phone Number: +1 **********
Registered Address: 710 MEDTRONIC PARKWAY, MINNEAPOLIS, United States, 55432, MN

Key Metrics

Founded Year

1949

Location

Minneapolis, United States

Stage

Public

Latest Funding Round

Grant (prize money), Oct 01, 2022, $*****

Investors

Greyrock Investments & 26 more

Ranked

2^nd among 1685 active competitors

Annual Revenue

$33.5B as on Apr 30, 2025

Employee Count

103,103 as on Apr 30, 2026

Investment & Acquisitions

SPR & 164 more

Similar Companies

Boston Scientific & 1699 more

Exit Details

Public

View Medtronic's full profile

Medtronic is associated with 6 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
MEDTRONIC A/S CIN: 59967517 , Denmark, Deadpooled	Dec 29, 1942	-	-
Medtronic, Inc. CIN: 001t000000WmVdLAAV , United States, Active	Jul 15, 1976	-	-	-
MEDTRONIC ENGINEERING AND INNOVATION CENTER PRIVATE LIMITED CIN: U73100TG2011PTC073723 , India, Active	Apr 06, 2011	$78.9M (As on Mar 31, 2025)	1114 (As on Sep 30, 2024)
MEDTRONIC PLC CIN: 1613103 , United States, Active		$33.5B (As on Apr 30, 2025)	-	-
Medtronic Inc CIN: 64670 , United States, Active		$17B (As on Apr 30, 2014)	-	-
MOZARC MEDICAL INDIA PRIVATE LIMITED CIN: U74999KA2022FTC163852 , India, Active	Jul 15, 2022	$8.51M (As on Mar 31, 2025)	-

Medtronic got listed on Dec 28, 1984.

Click here to take a look at Medtronic's IPO in detail

Medtronic has raised funding over 16 rounds. Its first funding round was on Mar 06, 2009. Its latest funding round was a Grant (prize money) round on Oct 01, 2022 for $*****. 1 investor participated in its latest round. Medtronic has 27 institutional investors.

Here is the list of recent funding rounds of Medtronic:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 01, 2022	2316700	Grant (prize money)	8393203	7960594	6215771	5319389
Mar 14, 2021	1841064	Grant (prize money)	7854093	9096299	1977283	Europa
Mar 01, 2021	4253290	Grant (prize money)	7174313	8816889	9062149	Europa

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View details of Medtronic's funding rounds and investors

The founders of Medtronic are Massimiliano Pipino, Palmer Hermundslie and Earl Bakken. Earl Bakken is the CEO of Medtronic.

Here are the details of Medtronic's key team members:

Massimiliano Pipino: CFO of Medtronic.
Contact Info: 1 email address
Palmer Hermundslie: Co-Founder of Medtronic.
Contact Info: 1 email address
Earl Bakken: Co-CEO of Medtronic.
Contact Info: 1 email address

View details of Medtronic's Founder profiles and Board Members

Medtronic's employee count trend

Medtronic has 103,103 employees as of Apr 26. Here is Medtronic's employee count trend over the years:

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Top competitors of Medtronic include Boston Scientific, Danaher and Baxter. Here is the list of Top 10 competitors of Medtronic, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Boston Scientific 1979, Marlborough (United States), Public	Wide range of medical devices	-	JANA Partners, S Ventures & 8 others	81/100
2nd	Medtronic 1949, Minneapolis (United States), Public	Developer of medical equipment for chronic diseases	-	Greyrock Investments, Saints Capital & 25 others	79/100
3rd	Danaher 1969, Washington, DC (United States), Public	R&D company focused on manufacturing dental equipment for multiple therapeutic areas	-	Ventana Capital Management, Bank of America	69/100
4th	Baxter 1931, Deerfield (United States), Acquired	Provides biosciences, medication delivery and renal products	-	Tekla Capital Management, Triodos Investment Management ... & 7 others	68/100
5th	Trivitron 1997, Chennai (India), Series C	Provider of medical technology and devices for healthcare industry needs	$109M	Fidelity Investments, True North & 21 others	68/100
6th	HOYA 1941, Shinjuku (Japan), Public	Developer of a wide range of medical devices	-	-	66/100
7th	SAGE Therapeutics 1971, Boston (United States), Acquired	Developer of drug candidates for the treatment of rare CNS disorders	$106M	Orbimed, Foresite Capital & 10 others	66/100
8th	Stryker 1941, Kalamazoo (United States), Acquired	Manufacturer of 3D-printed orthopedic products	-	Castle Investment Management, Tekla Capital Management ... & 3 others	66/100
9th	Biorad Medisys 2007, Pune (India), Series A	Manufacturer of medical devices for orthopaedic, neurovascular, and endovascular procedures	$53.4M	InvAscent, BioMediCon & 5 others	65/100
10th	CONMED 1987, Utica (United States), Public	R&D company focused on manufacturing of surgical instruments for multiple therapeutic areas	-	Hudson River Capital Partners, J P Morgan Wealth Management ... & 2 others	64/100

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Medtronic has made 91 investments in companies including Pulnovomed and Orchestra BioMed. Medtronic has also acquired 74 companies including SPR and CathWorks.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
May 21, 2026	Acquisition	SPR	2008	Cleveland (United States)
Apr 20, 2026	Investments	Pulnovomed		United States
Apr 20, 2026	Acquisition	CathWorks	2013	Kfar Saba (Israel)