# Elucid funding: rounds and investors > Elucid has raised $92M across 2 rounds since 2025. Investors include IAG Capital Partners, National Science Foundation and Sand Hill Angels. Source: https://millionrounds.com/company/elucid (Millionrounds; every figure on the page links to its filing or article) United States · [Series D startup](https://millionrounds.com/companies) # Who invested in *Elucid* 2 rounds we have observed, with the 4 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 Big Data & Analytics Healthcare Medical Devices Raised 2 months ago Follow Elucid and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Felucid) Funding summary Updated 5 Nov 2026 **$92M** raised across 2 rounds since 2025, from 3 sources **$37M** Series D **$55M** Series D - **Latest round:** Series D, $55M Sept 2026 - **Step-up i:** 1.5× - **Investors:** 4 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. 2026 **$37M** Series D **$55M** Series D - **First round:** Series D, $37M - **Biggest round:** $55M - **Between rounds:** 11 months ## The rounds - **Sept 2026** Series D **$55M** *1 new* *1 returning* [IAG Capital Partners](https://millionrounds.com/fund/iag-capital-partners) [Elevage Medical Technologies](https://millionrounds.com/fund/elevage-medical-technologies) Reported by Elevage Medical Technologies and 1 other - **Oct 2025** Series D **$37M** *3 new* [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [Sand Hill Angels](https://millionrounds.com/fund/sand-hill-angels) [IAG Capital Partners](https://millionrounds.com/fund/iag-capital-partners) Source recorded ## Founders and team From Elucid's own website: 5 on the team. - **Andrew Miller** Chief Technology Officer & SVP, Engineering - **Blake Richards** Chief Operating Officer - **Mark Miller** Chief Revenue Officer - **Windi Hary** Chief Regulatory & Quality Officer - **Scott Huennekens** Chairman of the Board ## 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 D** 2025 **Series D** 2026 [IAG Capital Partners](https://millionrounds.com/fund/iag-capital-partners) [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [Sand Hill Angels](https://millionrounds.com/fund/sand-hill-angels) [Elevage Medical Technologies](https://millionrounds.com/fund/elevage-medical-technologies) ## Everyone who backed them [IAG Capital Partners](https://millionrounds.com/fund/iag-capital-partners) Private equity **2** rounds [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) Government **1** round [Sand Hill Angels](https://millionrounds.com/fund/sand-hill-angels) Angel network **1** round [Elevage Medical Technologies](https://millionrounds.com/fund/elevage-medical-technologies) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=elucid). ## Also claim to have backed them These 7 firms list Elucid 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. [Aphelion Capital](https://millionrounds.com/fund/aphelion-capital) VC firm Per its own site [Equitable Ventures](https://millionrounds.com/fund/equitable-ventures) VC firm Seed, 2023, per its site [BlueStone Venture Partners](https://millionrounds.com/fund/bluestone-venture-partners) VC firm Per its own site [Angel Physicians Fund](https://millionrounds.com/fund/angel-physicians-fund) Private equity Per its own site [Bold Brain Capital](https://millionrounds.com/fund/bold-brain-capital) VC firm Per its own site [Global Health Impact Fund](https://millionrounds.com/fund/global-health-impact-fund) VC firm Per its own site [Global Health Impact Network & Funds](https://millionrounds.com/fund/global-health-impact-network-and-funds) VC firm Per its own site ## Quick answers about Elucid ### Who invested in Elucid? Elucid's investors include IAG Capital Partners, National Science Foundation, Sand Hill Angels and Elevage Medical Technologies. ### How much has Elucid raised? Elucid has raised $92M across 2 rounds since 2025. ### When did Elucid last raise? Elucid's most recent round was a Series D of $55M in Sept 2026. ### What was Elucid's biggest round? Its most recent round, $55M in Sept 2026, is also its largest on record. ### Who backed Elucid first? Elucid's first round on record, in Oct 2025, was backed by National Science Foundation, Sand Hill Angels and IAG Capital Partners. ### What stage is Elucid at? Elucid's latest named round is a Series D, in Sept 2026. ### Where is Elucid based? Elucid is based in the United States. ## Companies like Elucid In the same sector, and raised in the last eighteen months. [**Laza Medical** $160M · Nov 2026](https://millionrounds.com/company/laza-medical)[**Journify** $12M · Nov 2026](https://millionrounds.com/company/journify)[**Nooks** $543M · Nov 2026](https://millionrounds.com/company/nooks)[**Guava** $13M · Nov 2026](https://millionrounds.com/company/guava)[**Applied Compute** $580M · Nov 2026](https://millionrounds.com/company/applied-compute)[**Agrani Labs** $123M · Nov 2026](https://millionrounds.com/company/agrani-labs) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app