Founders: Dr. Peter Cotton, Dr. Rob Hawes, Tony Kalloo, Sergey Kantsevoy, Chris Gostout, Jay Pasricha, and Sydney Chung
VC Investment over the last four quarters: $24.22 million
Founded in 2006, this 35-employee company was established by a group of renowned gastroenterologists and surgeons from leading universities around the globe. The team came together to focus on developing instruments used to diagnose and treat gastrointestinal disorders. While the economic downturn has tightened prospects for raising new capital for most startups, Apollo's founders are optimistic. They say venture capitalists still have funds they need to deploy, and investors are still looking for companies that have near-term revenue potential.
Key to startup success: "During economic downturns, available capital
shrinks and becomes more expensive to acquire. We believe you should
re-challenge your plans, preserve working capital to the extent you are
able without limiting your company's progress, and prepare your
organization for the redefined economic realities we are currently in."