# Adona Medical funding: rounds and investors

> Adona Medical has raised $36M across 2 rounds since 2019. Investors include Correlation Ventures, Cormorant Asset Management and Shifamed accredited angels.

Source: https://millionrounds.com/company/adona-medical (Millionrounds; every figure on the page links to its filing or article)

United States · [Series C startup](https://millionrounds.com/companies)

# Who invested in *Adona Medical*

2 rounds we have observed, with the 3 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Biotech Healthcare

Funding summary Updated 26 Oct 2026

**$36M** raised across 2 rounds since 2019, from 2 sources

**$2.5M** Seed **$34M** Series C

- **Latest round:** Series C, $34M Jul 2024
- **Step-up i:** 13.4×
- **Investors:** 3

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2020 2021 2022 2023 2024

**$2.5M** Seed

**$34M** Series C

- **First round:** Seed, $2.5M
- **Biggest round:** $34M
- **Between rounds:** 4.6 years

## The rounds

- **Jul 2024** Series C **$34M** *2 new* [Correlation Ventures](https://millionrounds.com/fund/correlation-ventures) [Cormorant Asset Management](https://millionrounds.com/fund/cormorant-asset-management) Source recorded SEC filing: $13M sold, first sale Jun 2024
- **Dec 2019** Seed **$2.5M** *1 new* Shifamed accredited angels Reported by FinSMEs

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Seed** 2019 **Series C** 2024 [Correlation Ventures](https://millionrounds.com/fund/correlation-ventures) [Cormorant Asset Management](https://millionrounds.com/fund/cormorant-asset-management) Shifamed accredited angels

## Everyone who backed them

[Correlation Ventures](https://millionrounds.com/fund/correlation-ventures) VC firm **1** round

[Cormorant Asset Management](https://millionrounds.com/fund/cormorant-asset-management) Private equity **1** round

Shifamed accredited angels no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=adona-medical).

## Also claim to have backed them

These 2 firms list Adona Medical as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[AMED Ventures](https://millionrounds.com/fund/amed-ventures) VC firm Per its own site

[Techlink Ventures](https://millionrounds.com/fund/techlink-ventures) VC firm Per its own site

## Quick answers about Adona Medical

### Who invested in Adona Medical?

Adona Medical's investors include Correlation Ventures, Cormorant Asset Management and Shifamed accredited angels.

### How much has Adona Medical raised?

Adona Medical has raised $36M across 2 rounds since 2019.

### When did Adona Medical last raise?

Adona Medical's most recent round was a Series C of $34M in Jul 2024.

### What was Adona Medical's biggest round?

Its most recent round, $34M in Jul 2024, is also its largest on record.

### Who backed Adona Medical first?

Adona Medical's first round on record, in Dec 2019, was backed by Shifamed accredited angels.

### What stage is Adona Medical at?

Adona Medical's latest named round is a Series C, in Jul 2024.

### Where is Adona Medical based?

Adona Medical is based in the United States.

## Companies like Adona Medical

In the same sector, and raised in the last eighteen months.

[**Star Therapeutics** $325M · Oct 2026](https://millionrounds.com/company/star-therapeutics)[**Promaxo** $106M · Oct 2026](https://millionrounds.com/company/promaxo)[**Prolific Machines** $105M · Oct 2026](https://millionrounds.com/company/prolific-machines)[**AI** $18M · Oct 2026](https://millionrounds.com/company/ai)[**Baba** $40M · Oct 2026](https://millionrounds.com/company/baba)[**IMIO** $19M · Oct 2026](https://millionrounds.com/company/imio)

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