Who invested in Ardian

3 rounds we have observed, with the 7 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.

Medical Devices

Funding summaryUpdated 26 Oct 2026

$64Mraised across 3 rounds since 2005, from 3 sources

$7.0MSeries A$10MSeries B$47MSeries C

Latest round: Series C, $47MMar 2009
Step-upi: 4.7×
Investors: 7

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.

20052006200720082009

$7.0MSeries A$10MSeries B$47MSeries C

First round: Series A, $7.0M
Biggest round: $47M
Usual gap between rounds: 2.4 years

The rounds

Mar 2009
Series C$47M3 new2 returning
Reported by memphis.bizjournals.com
Nov 2006
Series B$10M4 new
Reported by deals.venturebeat.com
Jan 2005
Series A$7.0M
No investor was named in the report.
Reported by sec.gov

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.

Series A2005Series B2006Series C2009

Morgenthaler Ventures

Advanced Technology Ventures

Split Rock PartnersMedtronic

St. Paul Venture CapitalWS Investments

Emergent Medical Partners

The exit

ExitBuyerPriceWhen

AcquiredMedtronic$800MNov 2010

From historical deal records. Wrong? Tell us.

Everyone who backed them

Morgenthaler VenturesVC firm2rounds

Advanced Technology VenturesVC firm2rounds

Split Rock PartnersVC firm1round

MedtronicGrowth equity1round

St. Paul Venture CapitalGrowth equity1round

WS InvestmentsInvestment firm1round

Emergent Medical PartnersVC firm1round

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

Also claim to have backed them

This firm lists Ardian 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.

BLN CapitalFamily office2023, per its site

Quick answers about Ardian

Who invested in Ardian?

Ardian's investors include Morgenthaler Ventures, Advanced Technology Ventures, Split Rock Partners, Medtronic and St. Paul Venture Capital, and 2 more on record.

How much has Ardian raised?

Ardian has raised $64M across 3 rounds since 2005.

When did Ardian last raise?

Ardian's most recent round was a Series C of $47M in Mar 2009.

What was Ardian's biggest round?

Its most recent round, $47M in Mar 2009, is also its largest on record.

Who backed Ardian first?

Ardian's first round on record, in Nov 2006, was backed by Morgenthaler Ventures, Advanced Technology Ventures and St. Paul Venture Capital and 1 others.