# Cavion funding: rounds and investors

> Cavion has raised $31M across 3 rounds since 2005. Investors include CIT GAP Funds, Novartis and Lilly Ventures. Every round with its source.

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

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

# Who invested in *Cavion*

3 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

**$31M** raised across 3 rounds since 2005, from 3 sources

**$5.0M** Debt **$26M** Round

- **Latest round:** Round, $26M Jan 2017
- **Step-up i:** 5.2×
- **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.

2007 2009 2011 2013 2015 2017

**?** Round

**$5.0M** Debt

**$26M** Round

- **First round:** Round
- **Biggest round:** $26M
- **Usual gap between rounds:** 9.9 years

## The rounds

- **Jan 2017** Round **$26M** *2 new* [Novartis](https://millionrounds.com/fund/novartis) [Lilly Ventures](https://millionrounds.com/fund/lilly-ventures-2) Reported by Vcaonline SEC filing: $22M sold, first sale Dec 2016
- **Nov 2015** Debt **$5.0M** No investor was named in the report. From a historical funding record
- **Dec 2005** Round **Amount undisclosed** *1 new* [CIT GAP Funds](https://millionrounds.com/fund/cit-gap-funds) From a historical funding record

## Founders and team

From the SEC filings it signed: 2 on the team.

- **Andrew J Krouse** Executive Officer, Director i
- **Anne J Heldreth** Executive Officer i

On the board, as filed i *David E Gibson* *Henry J Skinner* *Sergei J Petukhov* *Steve J Hall*

## 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.

**Round** 2005 **Debt** 2015 **Round** 2017 [CIT GAP Funds](https://millionrounds.com/fund/cit-gap-funds) [Novartis](https://millionrounds.com/fund/novartis) [Lilly Ventures](https://millionrounds.com/fund/lilly-ventures-2)

## Everyone who backed them

[CIT GAP Funds](https://millionrounds.com/fund/cit-gap-funds) VC firm **1** round

[Novartis](https://millionrounds.com/fund/novartis) VC firm **1** round

[Lilly Ventures](https://millionrounds.com/fund/lilly-ventures-2) Growth equity **1** round

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

## Quick answers about Cavion

### Who invested in Cavion?

Cavion's investors include CIT GAP Funds, Novartis and Lilly Ventures.

### How much has Cavion raised?

Cavion has raised $31M across 3 rounds since 2005. One round did not disclose an amount, so the total is a floor.

### When did Cavion last raise?

Cavion's most recent round was an Undisclosed round of $26M in Jan 2017.

### What was Cavion's biggest round?

Its most recent round, $26M in Jan 2017, is also its largest on record.

### Who backed Cavion first?

Cavion's first round on record, in Dec 2005, was backed by CIT GAP Funds.

### What stage is Cavion at?

Cavion's latest named round is an Undisclosed round, in Jan 2017.

### Where is Cavion based?

Cavion is based in the United States.

## Companies like Cavion

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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