Nextern

Nextern

Is this your company? Claim your profile to update info and connect with investors.
Claim profile

Private Company

Total funding raised: $65M

Overview

Nextern operates as a full-service Contract Development and Manufacturing Organization (CDMO) in the medical device sector, providing end-to-end solutions from initial design through global manufacturing. It leverages a vertically integrated model with strategic facilities in Minnesota, Costa Rica, and Asia to offer flexibility, speed-to-market, and scalable production. The company targets innovators and device partners, aligning incentives to handle complex engineering and manufacturing while clients focus on commercial strategy. Its expertise spans high-growth areas like neuromodulation, single-use devices, and connected digital health platforms.

Medical DevicesDrug Delivery

Technology Platform

Vertically integrated medical device design, development, and manufacturing service platform. Core competencies include minimally invasive device engineering, bio-simulation, connected care software (Nextern Liink), and specialized manufacturing for Class III active implantable leads and bioelectronics.

Funding History

2
Total raised:$65M
Series B$45M
Series A$20M

Opportunities

Strong growth in outsourcing by medtech companies, especially for complex, minimally invasive, and connected devices.
Expansion into high-value niches like neuromodulation and bioelectronics offers premium service opportunities.
The global manufacturing footprint provides cost and supply chain flexibility attractive to a broad client base.

Risk Factors

Client concentration and dependency on the success and funding of partner companies' pipelines.
Operational risks related to maintaining quality and regulatory compliance across global manufacturing sites.
Intense competition from other established CDMOs and potential pricing pressure.

Competitive Landscape

Nextern competes with large, global medical device contract manufacturers (e.g., Jabil, Flex, Sanmina) and specialized design-focused firms. Its differentiation lies in vertical integration of high-complexity design with manufacturing, a partnership-aligned model, and niche expertise in active implantables and connected care software, setting it apart from pure-play manufacturers.