United States · Venture startup

Who invested in AirXpanders

13 rounds we have observed, with the 8 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.

Funding summaryUpdated 26 Oct 2026

$72Mraised across 13 rounds since 2006, from 13 sources

$4.0MVenture$752KVenture$5.4MVenture$3.0MVenture$5.0MVenture$10MGrowth$1.1MSeries D$11MSeries D$11MGrowth$9.0MSeries E$7.0MDebt$1.0MSeries E$3.0MVenture
Latest round
Venture, $3.0MJun 2015
Biggest round
$11MGrowth · May 2012
Step-upi
3×
Investors
8
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.

2008201020122014
$4.0MVenture$752KVenture$5.4MVenture$3.0MVenture$5.0MVenture$10MGrowth$1.1MSeries D$9.0MSeries E$7.0MDebt$1.0MSeries E$3.0MVenture
First round
Venture, $4.0M
Dec 2006
Biggest round
$11M
Growth · May 2012
Usual gap between rounds
10 months
the median of 9

The rounds

  1. Jun 2015
    Venture$3.0M

    No investor was named in the report.

    From a historical funding recordSEC filing: $3.0M sold, first sale Feb 2015

  2. Sept 2014
    Series E$1.0M4 returning

    From a historical funding recordSEC filing: $9.9M sold, first sale Jun 2013

  3. Apr 2014
    Debt$7.0M1 new

    From a historical funding record

  4. Jun 2013
    Series E$9.0M4 returning

    Reported by t.coSEC filing: $4.3M sold, first sale Jun 2013

  5. May 2012
    Growth$11M

    No investor was named in the report.

    Reported by sec.govSEC filing: $11M sold, first sale Jan 2012

  6. Apr 2012
    Series D$11M1 new4 returning

    From a historical funding recordSEC filing: $11M sold, first sale Jan 2012

  7. Jan 2012
    Series D$1.1M3 returning

    Reported by researchviews.comSEC filing: $10M sold, first sale Jan 2012

  8. Jan 2012
    Growth$10M2 new3 returning

    From a historical funding recordSEC filing: $10M sold, first sale Jan 2012

  9. Mar 2011
  10. Mar 2011
    Venture$5.0M1 returning

    Reported by bizjournals.com

  11. Apr 2010
    Venture$5.4M

    No investor was named in the report.

    Reported by sec.govSEC filing: $5.4M sold, first sale Apr 2010

  12. Mar 2009
    Venture$752K

    No investor was named in the report.

    From a historical funding recordSEC filing: $752K sold, first sale Mar 2009

  13. Dec 2006
    Venture$4.0M2 new

    From a historical funding record

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.

Growth2012Series D2012Series D2012Growth2012Series E2013Debt2014Series E2014Venture2015GBS VenturesProlog VenturesVivo VenturesHeron CapitalCorrelation VenturesWestern Technology InvestmentGE CapitalOxford Finance LLC

Everyone who backed them

GBS VenturesVC firm7rounds
Prolog VenturesVC firm6rounds
Vivo VenturesVC firm5rounds
Heron CapitalVC firm4rounds
Correlation VenturesVC firm2rounds
GE CapitalVC firm1round
Oxford Finance LLCPrivate equity1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

This firm lists AirXpanders as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

On Grid VenturesVC firmPer its own site

Quick answers about AirXpanders

Who invested in AirXpanders?

AirXpanders's investors include GBS Ventures, Prolog Ventures, Vivo Ventures, Heron Capital and Correlation Ventures, and 3 more on record.

How much has AirXpanders raised?

AirXpanders has raised $72M across 13 rounds since 2006.

When did AirXpanders last raise?

AirXpanders's most recent round was a Venture of $3.0M in Jun 2015.

What was AirXpanders's biggest round?

AirXpanders's largest round on record is $11M (Growth), in May 2012.

Who backed AirXpanders first?

AirXpanders's first round on record, in Dec 2006, was backed by Prolog Ventures and Heron Capital.

What stage is AirXpanders at?

AirXpanders's latest named round is a Venture, in Jun 2015.

Where is AirXpanders based?

AirXpanders is based in the United States.

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