# CytoVale funding: rounds and investors > CytoVale has raised $19M across 4 rounds since 2013. Investors include Blackhorn Ventures, National Science Foundation and Alumni Ventures. Source: https://millionrounds.com/company/cytovale (Millionrounds; every figure on the page links to its filing or article) United States · [Venture startup](https://millionrounds.com/companies) # Who invested in *CytoVale* 4 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. AI Biotech Healthcare Funding summary Updated 26 Oct 2026 **$19M** raised across 4 rounds since 2013, from 4 sources **$4.3M** Series A **$15M** Round - **Latest round:** Venture Apr 2025 - **Biggest round:** $15M Round · Oct 2019 - **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. 2015 2017 2019 2021 2023 2025 **?** Seed **$4.3M** Series A **$15M** Round **?** Venture - **First round:** Seed - **Biggest round:** $15M - **Usual gap between rounds:** 5.4 years ## The rounds - **Apr 2025** Venture **Amount undisclosed** *4 new* *1 returning* [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Norwest Venture Partners](https://millionrounds.com/fund/norwest) [Sands Capital Ventures](https://millionrounds.com/fund/sands-capital-ventures) [Blackhorn Ventures](https://millionrounds.com/fund/blackhorn-ventures) Source recorded - **Oct 2019** Round **$15M** *2 new* [Blackhorn Ventures](https://millionrounds.com/fund/blackhorn-ventures) [Breakout Ventures](https://millionrounds.com/fund/breakout-ventures) Reported by FinSMEs SEC filing: $7.4M sold, first sale Oct 2019 - **Jun 2014** Series A **$4.3M** *1 new* [Dolby Family Ventures](https://millionrounds.com/fund/dolby-family-ventures) From a historical funding record - **Nov 2013** Seed **Amount undisclosed** *1 new* [Breakout Labs](https://millionrounds.com/fund/breakout-labs) Reported by finsmes.com ## Founders and team From CytoVale's own website and the SEC filings it signed: 7 on the team. - **Bill Blackledge** Chief Financial Officer - **Jack Fuchs** Life Sciences CFO and Serial Entrepreneur - **Hemant Goel** Independent Director & Healthcare Operating Executive - **Ajay Shah** Executive Officer, Director, Promoter i - **Dino DiCarlo** Director, Promoter i - **Henry Tse** Executive Officer i - **William Blackledge** Executive Officer i On the board, as filed i *Jordanna Polis Schutz* *Lindy Fishburne* ## 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. **Seed** 2013 **Series A** 2014 **Round** 2019 **Venture** 2025 [Blackhorn Ventures](https://millionrounds.com/fund/blackhorn-ventures) [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Norwest Venture Partners](https://millionrounds.com/fund/norwest) [Sands Capital Ventures](https://millionrounds.com/fund/sands-capital-ventures) [Dolby Family Ventures](https://millionrounds.com/fund/dolby-family-ventures) [Breakout Labs](https://millionrounds.com/fund/breakout-labs) [Breakout Ventures](https://millionrounds.com/fund/breakout-ventures) ## Everyone who backed them [Blackhorn Ventures](https://millionrounds.com/fund/blackhorn-ventures) VC firm **2** rounds [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) Government **1** round [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) VC firm **1** round [Norwest Venture Partners](https://millionrounds.com/fund/norwest) VC firm **1** round [Sands Capital Ventures](https://millionrounds.com/fund/sands-capital-ventures) Private equity **1** round [Dolby Family Ventures](https://millionrounds.com/fund/dolby-family-ventures) VC firm **1** round [Breakout Labs](https://millionrounds.com/fund/breakout-labs) Angel **1** round [Breakout Ventures](https://millionrounds.com/fund/breakout-ventures) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=cytovale). ## Also claim to have backed them These 3 firms list CytoVale 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. [Pathway Bioventures](https://millionrounds.com/fund/pathway-bioventures) VC firm Per its own site [Sprig Equity](https://millionrounds.com/fund/sprig-equity) VC firm Per its own site [FreeRun Ventures](https://millionrounds.com/fund/freerun-ventures) Corporate VC Per its own site ## Quick answers about CytoVale ### Who invested in CytoVale? CytoVale's investors include Blackhorn Ventures, National Science Foundation, Alumni Ventures, Norwest Venture Partners and Sands Capital Ventures, and 3 more on record. ### How much has CytoVale raised? CytoVale has raised $19M across 4 rounds since 2013. 2 rounds did not disclose an amount, so the total is a floor. ### When did CytoVale last raise? CytoVale's most recent round was a Venture in Apr 2025. ### What was CytoVale's biggest round? CytoVale's largest round on record is $15M (Undisclosed round), in Oct 2019. ### Who backed CytoVale first? CytoVale's first round on record, in Nov 2013, was backed by Breakout Labs. ### What stage is CytoVale at? CytoVale's latest named round is a Venture, in Apr 2025. ### Where is CytoVale based? CytoVale is based in the United States. ## Companies like CytoVale In the same sector, and raised in the last eighteen months. 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