Biocoat

Biocoat

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Private Company

Total funding raised: $49.5M

Overview

Biocoat is a specialized medical device services company and a recognized leader in hydrophilic coatings, operating as part of the Integer Medical Coatings platform. The company leverages its proprietary HYDAK® technology to provide custom coating solutions that improve lubricity, durability, and particulate performance for a wide array of polymer and metal substrates. With over 30 years of experience, Biocoat serves major medical device OEMs across multiple high-growth therapeutic areas, positioning itself as a critical enabler of minimally invasive medical innovation. Its business model is built on providing high-touch, full-service coating development and application services to its partners.

NeurovascularCardiovascularPeripheral VascularOphthalmologyGastroenterologyUrology

Technology Platform

HYDAK® proprietary hydrophilic coating technology optimized for lubricity, durability, and low particulates. Offers application via both UV and Thermal curing systems. Capabilities include coating polymers, metals, films, and in-house plasma surface treatment.

Funding History

4
Total raised:$49.5M
Series B$25M
Series A$10M
Grant$2.5M
Series A$12M

Opportunities

The global expansion of minimally invasive surgical procedures across multiple therapeutic areas drives continuous demand for advanced hydrophilic coatings.
Biocoat's flexibility in coating diverse substrates and curing methods positions it to capture share from next-generation device development, including complex combination products and devices using novel biomaterials.

Risk Factors

Revenue is dependent on the product cycles and success of a concentrated base of medical device OEM customers, creating customer concentration risk.
Technological obsolescence risk exists if competitors develop superior coatings or if large clients internalize coating capabilities.
The business is also subject to stringent and evolving regulatory standards for medical device materials.

Competitive Landscape

Biocoat competes with other specialized hydrophilic coating service providers (e.g., Harland Medical Systems, Surmodics, Hydromer) and the internal coating departments of large medical device manufacturers. Its key competitive advantages are its HYDAK® technology performance, dual-cure system flexibility, broad substrate expertise, and its integration into the full-service Integer platform, offering clients a single-source solution.