Last updated 2026-09-03
- Acquired by Olympus for $270M, May 2026
- Raised $28M Series B led by MVM Partners, Sep 2023
- Raised $25M A Round Extension led by Medtronic, Sep 2020
Total raised
$66.0M
Last: D Round 2023-09
Stage
Acquired
Founded
2004
Headcount
130
HQ
Netanya, Israel
Sector
Health Tech & Life Sciences
About
BioProtect is an Israeli medical device company that has developed a biodegradable, balloon-shaped implant designed to protect healthy tissue during radiation therapy for prostate cancer patients. The company's product, the BioProtect Balloon Implant System, acts as a spacer to displace healthy tissue from the radiation field. It received FDA approval at the end of 2023 and is commercially available in the US and Europe. BioProtect was acquired by Olympus in May 2026 for $270 million. Its operations are expected to remain in Israel following the acquisition.
Funding history · 3 rounds · $66.0M total
3 events/rounds · $66.0M Total Funding: $66.0M in Private Equity
Sep 2023
★ MVM PartnersTriventuresKB InvestmentsAlmeda VenturesPeregrine VenturesConsensus Business Group of Vincent Tchenguiz
Sep 2020
Jan 2020
★ Vincent Tchenguiz (family office)KB InvestmentsAccelmed Ventures II
Headcount over time
130 employees (2026-09) · 1 point
Offices
Netanya, Israel · HQ / main office
Q&A
- When was BioProtect acquired and by whom?
- BioProtect was acquired by Olympus in May 2026 for $270 million.
- What is BioProtect's core product?
- BioProtect develops a biodegradable, balloon-shaped implant designed to protect healthy tissue during radiation therapy for prostate cancer patients. This product is known as the BioProtect Balloon Implant System.
- When did BioProtect receive FDA approval for its product?
- BioProtect received FDA approval for its product at the end of 2023.
- What was BioProtect's most recent funding round before its acquisition?
- BioProtect raised a C Round of $28 million in September 2023, with MVM Partners as a lead investor.
- Where is BioProtect's headquarters located?
- BioProtect's headquarters is located in Netanya, Israel.
- What is the employee count range for BioProtect?
- BioProtect has 51-200 employees.
- Who are the co-founders of BioProtect?
- The co-founders of BioProtect are Dr. Adrian Paz, Shaul Shohat, and Prof. Avi Domb.
- What is the total amount of funding BioProtect raised before its acquisition?
- BioProtect raised a total of $80 million in funding.
Team · 13
Dr. Adrian Paz
Founder · Co-Founder
Shaul Shohat
Founder · Co-Founder & CTO
Prof. Avi Domb
Founder · Co-Founder
Itay Barnea
Chief Executive Officer
Derek Webster
Chief Commercial Officer
Lee Adler
Chief Operating Officer
Shahar Shaked
Chief Financial Officer
Dafna Carmi-Yinon
Chief Product and Clinical Officer
Kevin Cheng
Board Member
Michal Geva
Board Member
Stephen Reeders
Board Director
Gennadiy Tolstobrov
Board Member
Irit Yaniv, M.D.
Board Member
Sectors & technology
Primary sector
Health Tech & Life Sciences
Technologies
Target customers
Business model
B2B
Highlights
Patents
Tags
cancersurgerybiodegradableoncologyminimally-invasivemedical-devicesdoctorshospitalsmedical-technologiestreatmentspolymersradiologyprostate-cancerradiation-therapyurologyimplants
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| Website | bioprotect.com |
|---|---|
| linkedin.com/company/439364 |
Identifiers & details
| Legal name | BioProtect Ltd. |
|---|---|
| Founded | 2004 |
| Employees (exact) | 130 |
Acquisitions & public offerings
Acquired by Olympus 2026-05 $270.0M
Radar intelligence
Patents
| EPO | 19 |
|---|
Publications (Crossref)
| Works | 2 |
|---|
GitHub
| Top repos | BioProtect-Marine-Planner-UI, BioProtect-Marine-Planner-Server, Engage |
|---|
Web history (Wayback)
| Domain | bioprotect.com |
|---|
Certificate / subdomain footprint
| Subdomains | 8 |
|---|
Israeli Companies Registrar (רשם החברות / ICA)
| Registrar # (ח.פ.) | 513591396 |
|---|---|
| Status | פעילה |
| Corp type | ישראלית חברה פרטית |
| Incorporated | 2004-09-22 |
| Purpose | לעסוק בסוגי עיסוק שפורטו בתקנון |
| Liability | מוגבלת |
| In violation (unfiled) | no |
| Last annual report | 2026 |
| Active charges / liens | 0 |
| Registry events | 17 — other (2), charge (6), shares_capital (3), people (3), annual_report (3) |
| Registered address | הגביש 6 נתניה |
Recent registry events
| Date | Event |
|---|---|
| 2025-11-23 | עדכון כתובת ו/או מען דיגיטלי |
| 2026-04-23 | רישום שעבוד |
| 2026-04-23 | רישום שעבוד |
| 2026-06-16 | שינוי בתקנון |
| 2026-04-16 | הגדלה של הון רשום |
| 2026-06-14 | עדכון דירקטורים-הוספת דירקטור |
| 2026-06-14 | עדכון דירקטורים-הסרת דירקטור |
| 2026-02-09 | עדכון בעלי תפקידים |
| 2026-02-09 | דו~ח שנתי-שינוי בהוראות בתקנון |
| 2026-02-09 | דו~ח שנתי-הקצאת מניות |
| 2026-02-09 | דו~ח שנתי-הוספת בעל תפקיד |
| 2026-07-07 | הקצאת מניות |
| 2026-07-07 | העברת מניות |
| 2026-08-02 | סילוק שעבוד |
| 2026-08-02 | ביטול סילוק שעבוד |
| 2026-08-02 | סילוק שעבוד |
| 2026-08-02 | ביטול סילוק שעבוד |