# CMR Surgical funding: rounds and investors

> CMR Surgical has raised $1.1B across 6 rounds since 2018. Investors include Cambridge Innovation Capital, Watrium and Stryker. Every round with its source.

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

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

# Who invested in *CMR Surgical*

6 rounds we have observed, with the 12 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 Medical Devices Robotics

Raised this month Valuation: $3.0B, Mar 2026

Funding summary Updated 26 Oct 2026

**$1.1B** raised across 6 rounds since 2018, from 6 sources

**$100M** Series B **$240M** Series C **$4.0M** Round **$152M** Round **$200M** Venture **$400M** Round

- **Latest round:** Round, $400M Oct 2026
- **Led by:** Stryker
- **Step-up i:** 2×
- **Investors:** 12 (2 led)

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.

2018 2020 2022 2024 2026

**$100M** Series B

**$240M** Series C

**$4.0M** Round

**$152M** Round

**$200M** Venture

**$400M** Round

- **First round:** Series B, $100M
- **Biggest round:** $400M
- **Usual gap between rounds:** 18 months

## The rounds

- **Oct 2026** Round **$400M** *1 new* [Stryker](https://millionrounds.com/fund/stryker) Lead Reported by Cambridge Innovation Capital
- **Apr 2025** Venture **$200M** *4 new* [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) [SoftBank](https://millionrounds.com/fund/softbank-2) [SoftBank Vision Fund](https://millionrounds.com/fund/softbank-investment-advisers) [Lightrock](https://millionrounds.com/fund/lightrock) Source recorded
- **May 2022** Round **$152M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **Oct 2021** Round **$4.0M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **Sept 2019** Series C **$240M** *3 new* *2 returning* LGT Lightsone Lead [Cambridge Innovation Capital](https://millionrounds.com/fund/cambridge-innovation-capital) Escala Capital Investments Watrium Zhejiang Silk Road Fund Reported by Businessweekly
- **Jun 2018** Series B **$100M** *4 new* [Cambridge Innovation Capital](https://millionrounds.com/fund/cambridge-innovation-capital) [LGT Capital Partners](https://millionrounds.com/fund/lgt-capital-partners) Watrium Zhejiang Silk Road Fund/ Escala Reported by Businessweekly

## Funding filed with regulators

CMR Surgical filed 5 raises, $156M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Jun 2022 **$151M** UK share allotment
- May 2022 **$973K** UK share allotment
- Dec 2021 **$1.3M** UK share allotment
- Nov 2021 **$451K** UK share allotment
- Oct 2021 **$2.2M** UK share allotment

## 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 B** 2018 **Series C** 2019 **Round** 2021 **Round** 2022 **Venture** 2025 **Round** 2026 [Cambridge Innovation Capital](https://millionrounds.com/fund/cambridge-innovation-capital) Watrium [Stryker](https://millionrounds.com/fund/stryker) L LGT Lightsone L [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) [SoftBank](https://millionrounds.com/fund/softbank-2) [SoftBank Vision Fund](https://millionrounds.com/fund/softbank-investment-advisers) [Lightrock](https://millionrounds.com/fund/lightrock) [LGT Capital Partners](https://millionrounds.com/fund/lgt-capital-partners) Escala Capital Investments

## Everyone who backed them

[Cambridge Innovation Capital](https://millionrounds.com/fund/cambridge-innovation-capital) VC firm **2** rounds

Watrium no record of our own yet **2** rounds

[Stryker](https://millionrounds.com/fund/stryker) Corporate VC **1** round, led 1

LGT Lightsone no record of our own yet **1** round, led 1

[Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) VC firm **1** round

[SoftBank](https://millionrounds.com/fund/softbank-2) Investment firm **1** round

[SoftBank Vision Fund](https://millionrounds.com/fund/softbank-investment-advisers) VC firm **1** round

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

[LGT Capital Partners](https://millionrounds.com/fund/lgt-capital-partners) Asset manager **1** round

Escala Capital Investments no record of our own yet **1** round

Zhejiang Silk Road Fund no record of our own yet **1** round

Zhejiang Silk Road Fund/ Escala 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=cmr-surgical).

## Also claim to have backed them

These 2 firms list CMR Surgical 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.

[Keybridge Ventures](https://millionrounds.com/fund/keybridge-ventures) Family office Per its own site

[Railpen (Railway Pension Investments)](https://millionrounds.com/fund/railpen-railway-pension-investments) Institutional LP Per its own site

## Quick answers about CMR Surgical

### Who invested in CMR Surgical?

CMR Surgical's investors include Cambridge Innovation Capital, Watrium, Stryker, LGT Lightsone and Tengxun Touzi, and 7 more on record. Stryker led its latest round.

### How much has CMR Surgical raised?

CMR Surgical has raised $1.1B across 6 rounds since 2018.

### When did CMR Surgical last raise?

CMR Surgical's most recent round was an Undisclosed round of $400M in Oct 2026, led by Stryker.

### What was CMR Surgical's biggest round?

Its most recent round, $400M in Oct 2026, is also its largest on record.

### Who backed CMR Surgical first?

CMR Surgical's first round on record, in Jun 2018, was backed by Cambridge Innovation Capital, LGT Capital Partners and Watrium and 1 others.

### What stage is CMR Surgical at?

CMR Surgical's latest named round is an Undisclosed round, in Oct 2026.

### Where is CMR Surgical based?

CMR Surgical is based in the United Kingdom.

### Who led CMR Surgical's rounds?

LGT Lightsone led the Series C in 2019; Stryker led the Undisclosed round in 2026.

## Companies like CMR Surgical

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

[**Coherence Neuro** $55M · Oct 2026](https://millionrounds.com/company/coherence-neuro)[**HydRegen** $12M · Oct 2026](https://millionrounds.com/company/hydregen)[**XRlabs** $8.4M · Oct 2026](https://millionrounds.com/company/xrlabs)[**Respiratory Analytics** $2.8M · Oct 2026](https://millionrounds.com/company/respiratory-analytics)[**OMass Therapeutics** $442M · Oct 2026](https://millionrounds.com/company/omass-therapeutics)[**MintNeuro** $26M · Oct 2026](https://millionrounds.com/company/mintneuro)

## Find investors like these

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