# Credence MedSystems funding: rounds and investors

> Credence MedSystems has raised $41M across 3 rounds since 2016. Investors include Novartis and Maverick Ventures. Every round with its source.

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

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

# Who invested in *Credence MedSystems*

3 rounds we have observed, with the 2 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 Pharma

Funding summary Updated 26 Oct 2026

**$41M** raised across 3 rounds since 2016, from 3 sources

**$15M** Series A **$13M** Series B **$13M** Venture

- **Latest round:** Venture, $13M Dec 2024
- **Biggest round:** $15M Series A · Sept 2016
- **Investors:** 2

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

**$15M** Series A

**$13M** Series B

**$13M** Venture

- **First round:** Series A, $15M
- **Biggest round:** $15M
- **Usual gap between rounds:** 6.3 years

## The rounds

- **Dec 2024** Venture **$13M** *2 new* [Novartis](https://millionrounds.com/fund/novartis) [Maverick Ventures](https://millionrounds.com/fund/maverick-ventures) Source recorded SEC filing: $13M sold, first sale Dec 2024
- **Aug 2018** Series B **$13M** No investor was named in the report. Reported by FinSMEs SEC filing: $13M sold, first sale Mar 2018
- **Sept 2016** Series A **$15M** No investor was named in the report. Reported by FinSMEs

## Founders and team

From Credence MedSystems's own website: 7 on the team.

- **Jeff Tillack** Co-CEO
- **John A. Merhige** Co-CEO
- **Benjamin Hall** Director
- **Brian M. Webber** Director
- **Jeff Shanley** Director
- **Norman S. Gordon** Director
- **Rob Sckalor** Director

## 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 A** 2016 **Series B** 2018 **Venture** 2024 [Novartis](https://millionrounds.com/fund/novartis) [Maverick Ventures](https://millionrounds.com/fund/maverick-ventures)

## Everyone who backed them

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

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

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

## Quick answers about Credence MedSystems

### Who invested in Credence MedSystems?

Credence MedSystems's investors include Novartis and Maverick Ventures.

### How much has Credence MedSystems raised?

Credence MedSystems has raised $41M across 3 rounds since 2016.

### When did Credence MedSystems last raise?

Credence MedSystems's most recent round was a Venture of $13M in Dec 2024.

### What was Credence MedSystems's biggest round?

Credence MedSystems's largest round on record is $15M (Series A), in Sept 2016.

### Who backed Credence MedSystems first?

Credence MedSystems's first round on record, in Dec 2024, was backed by Novartis and Maverick Ventures.

### What stage is Credence MedSystems at?

Credence MedSystems's latest named round is a Venture, in Dec 2024.

### Where is Credence MedSystems based?

Credence MedSystems is based in the United States.

## Companies like Credence MedSystems

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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