Poba Medical

Poba Medical

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Private Company

Total funding raised: $18.2M

Overview

Poba Medical operates as a specialized contract development and manufacturing organization (CDMO) within the medical device sector, focusing on medical balloons and catheter systems. The company differentiates itself through extensive material expertise (offering Nylon, Pebax, Urethane, PET, and its proprietary Poba 51™), customization capabilities, and a 'Balloon University' initiative aimed at educating the market. With an ISO-certified 20,000 sq. ft. facility, it supports over 100 unique projects annually, targeting shorter lead times and serving a range of clients from clinician-inventors to large OEMs. Its business model is service-based, generating revenue through custom development contracts and direct sales of standard components via its Chamfr online store.

Cardiovascular

Technology Platform

Proprietary and blended polymer material science (Nylon, Pebax, Urethane, PET, Poba 51™) for medical balloon fabrication, coupled with custom design, development, prototyping, and full-scale manufacturing services for balloon catheters and related devices.

Funding History

2
Total raised:$18.2M
Series A$15M
Seed$3.2M

Opportunities

The growing trend of outsourcing in medtech and continuous innovation in balloon-based therapies (e.g., drug-coated balloons) creates strong demand for specialized CDMO services.
Poba's proprietary material blends and rapid prototyping capabilities position it to capture high-value development projects from both startups and large OEMs seeking niche expertise.

Risk Factors

Key risks include dependence on client R&D success, intense competition from larger CDMOs and in-house OEM manufacturing, and the constant regulatory burden of maintaining quality compliance.
Any failure in quality control could severely damage its reputation in a highly regulated industry.

Competitive Landscape

Poba competes with large, diversified medical device CDMOs (e.g., Nordson MEDICAL, Teleflex Contract Manufacturing) and the internal manufacturing divisions of major medtech companies. It differentiates through material science specialization, customization agility, shorter lead times, and its educational 'Balloon University' platform, targeting clients underserved by larger, less flexible competitors.