# Francis Medical funding: rounds and investors > Francis Medical has raised $98M across 2 rounds since 2018. Investors include Boston Scientific, Arboretum Ventures/ H2Oey and Solas BioVentures Fund. Source: https://millionrounds.com/company/francis-medical (Millionrounds; every figure on the page links to its filing or article) United States · [Series C startup](https://millionrounds.com/companies) # 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. Biotech Healthcare Funding summary Updated 26 Oct 2026 **$98M** raised across 2 rounds since 2018, from 2 sources **$18M** Series A **$80M** Series C - **Latest round:** Series C, $80M Jan 2025 - **Step-up i:** 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. 2019 2020 2021 2022 2023 2024 2025 **$18M** Series A **$80M** Series C - **First round:** Series A, $18M - **Biggest round:** $80M - **Between rounds:** 6.1 years ## The rounds - **Jan 2025** Series C **$80M** No investor was named in the report. Source recorded SEC filing: $40M sold, first sale Dec 2024 - **Dec 2018** Series A **$18M** *4 new* [Boston Scientific](https://millionrounds.com/fund/boston-scientific) Arboretum Ventures/ H2Oey Solas BioVentures Fund Tonkawa Reported by FinSMEs ## Founders and team From Francis Medical's own website: 5 on the team. - **Ann Decker** VP of Health Economics & Market Access - **Joel Phillips** VP of Regulatory and Quality Assurance - **Michael Fredrick** VP of Finance - **Andrew Cleeland** Board Chair - **André de Bruin** Chairman 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 A** 2018 **Series C** 2025 [Boston Scientific](https://millionrounds.com/fund/boston-scientific) Arboretum Ventures/ H2Oey Solas BioVentures Fund Tonkawa ## Everyone who backed them [Boston Scientific](https://millionrounds.com/fund/boston-scientific) VC firm **1** round Arboretum Ventures/ H2Oey no record of our own yet **1** round Solas BioVentures Fund no record of our own yet **1** round Tonkawa 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=francis-medical). ## 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 BioVentures](https://millionrounds.com/fund/solas-bioventures) VC firm Per 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. [**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) ## 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