United States · Series C startup

Who invested in Francis Medical

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.

BiotechHealthcare

Funding summaryUpdated 26 Oct 2026

$98Mraised across 2 rounds since 2018, from 2 sources

$18MSeries A$80MSeries C
Latest round
Series C, $80MJan 2025
Step-upi
4.4×
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.

2019202020212022202320242025
$18MSeries A$80MSeries C
First round
Series A, $18M
Dec 2018
Biggest round
$80M
Series C · Jan 2025
Between rounds
6.1 years
from the last two

The rounds

  1. Jan 2025
    Series C$80M

    No investor was named in the report.

    Source recordedSEC filing: $40M sold, first sale Dec 2024

  2. Dec 2018
    Series A$18M4 new

    Reported by FinSMEs

Founders and team

From Francis Medical's own website: 5 on the team.

  • Ann DeckerVP of Health Economics & Market Access
  • Joel PhillipsVP of Regulatory and Quality Assurance
  • Michael FredrickVP of Finance
  • Andrew CleelandBoard Chair
  • André de BruinChairman Emeritus

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 A2018Series C2025Boston ScientificArboretum Ventures/ H2OeySolas BioVentures FundTonkawa

Everyone who backed them

Boston ScientificVC firm1round
Arboretum Ventures/ H2Oeyno record of our own yet1round
Solas BioVentures Fundno record of our own yet1round
Tonkawano record of our own yet1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

This firm lists Francis Medical as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

Solas BioVenturesVC firmPer its own site

Quick answers about Francis Medical

Who invested in Francis Medical?

Francis Medical's investors include Boston Scientific, Arboretum Ventures/ H2Oey, Solas BioVentures Fund and Tonkawa.

How much has Francis Medical raised?

Francis Medical has raised $98M across 2 rounds since 2018.

When did Francis Medical last raise?

Francis Medical's most recent round was a Series C of $80M in Jan 2025.

What was Francis Medical's biggest round?

Its most recent round, $80M in Jan 2025, is also its largest on record.

Who backed Francis Medical first?

Francis Medical's first round on record, in Dec 2018, was backed by Boston Scientific, Arboretum Ventures/ H2Oey and Solas BioVentures Fund and 1 others.

What stage is Francis Medical at?

Francis Medical's latest named round is a Series C, in Jan 2025.

Where is Francis Medical based?

Francis Medical is based in the United States.

Companies like Francis Medical

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

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