Senseonics

Senseonics

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

Private Company

Total funding raised: $246M

Market Cap: $294.3MFounded: 1996HQ: Germantown, United States

Overview

Senseonics Holdings, Inc. is a commercial-stage medical device company with a mission to revolutionize diabetes care via its long-term, implantable CGM platform. Its flagship Eversense system, approved for 180-day wear in the US and 365-day wear in Europe, represents a significant technological differentiation in a market dominated by short-term, transcutaneous sensors. The company's strategy hinges on leveraging its proprietary fluorescent sensor technology and a global commercialization partnership with Ascensia Diabetes Care to capture market share in the multi-billion-dollar CGM landscape.

DiabetesMetabolic Health

Technology Platform

A proprietary fluorescent-based glucose sensing platform utilizing a long-term implantable sensor, a removable smart transmitter, and a mobile app for continuous glucose monitoring.

Funding History

6
Total raised:$246M
PIPE$50M
IPO$60M
Series D$40M
Series C$35M

Opportunities

The large and growing global CGM market, underpenetrated in many regions, offers a significant growth runway.
The upcoming potential U.S.
launch of the 365-day system could be a major catalyst, dramatically improving value proposition.
Expansion into integrated automated insulin delivery systems represents a long-term strategic opportunity.

Risk Factors

Commercial success is heavily reliant on the execution of distribution partner Ascensia Diabetes Care.
Intense competition from larger, well-funded rivals like Dexcom and Abbott poses a constant threat.
The company's pre-profitability status and need for potential future capital raises present financial and dilution risks.

Competitive Landscape

Senseonics competes in the CGM market against dominant players Dexcom (real-time CGM) and Abbott (flash glucose monitoring), which have greater scale, brand recognition, and direct-to-consumer reach. Senseonics' strategy is not head-on competition but differentiation through its unique long-term, implantable form factor and clinician-involved model, targeting a specific patient niche.

Company Timeline

1996Founded

Founded in Germantown, United States

2011Series B

Series B: $41.0M

2015IPO

IPO — $60.0M

2018PIPE

PIPE: $50.0M